v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net Income $ 3,613,973 $ 2,834,907
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Net Realized Gains on Investments (2,937,722) (1,905,804)
Changes in Unrealized Gains on Investments (207,451) (632,886)
Non-Cash Performance Allocations (870,592) (576,484)
Non-Cash Performance Allocations and Incentive Fee Compensation 1,428,628 953,235
Equity-Based Compensation Expense 915,468 783,445
Amortization of Intangibles 18,072 17,949
Other Non-Cash Amounts Included in Net Income (263,024) 136,035
Cash Flows Due to Changes in Operating Assets and Liabilities    
Cash Acquired with Consolidation of Fund Entities 830 0
Cash Relinquished with Deconsolidation of Fund Entities (12,946) (65,803)
Accounts Receivable (402,662) (117,317)
Due from Affiliates 476,083 241,640
Other Assets 194,767 118,683
Accrued Compensation and Benefits (953,907) (705,817)
Accounts Payable, Accrued Expenses and Other Liabilities 166,094 (23,200)
Due to Affiliates 10,999 (150,153)
Investments Purchased (1,417,701) (2,351,387)
Cash Proceeds from Sale of Investments 3,173,541 3,440,678
Net Cash Provided by Operating Activities 2,932,450 1,997,721
Investing Activities    
Purchase of Furniture, Equipment and Leasehold Improvements (65,372) (69,424)
Net Cash Used in Investing Activities (65,372) (69,424)
Financing Activities    
Distributions to Non-Controlling Interest Holders in Consolidated Entities (839,320) (481,852)
Contributions from Non-Controlling Interest Holders in Consolidated Entities 733,252 1,845,102
Payments Under Tax Receivable Agreement (63,820) (43,954)
Net Settlement of Vested Common Stock and Repurchase of Common Stock (108,558) (135,363)
Proceeds from Loans Payable 1,637,859 1,024,556
Repayment and Repurchase of Loans Payable (851,318) (706,362)
Dividends/Distributions to Stockholders and Unitholders (3,446,832) (3,074,008)
Net Cash Used in Financing Activities (2,938,737) (1,571,881)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other (9,720) 16,841
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other    
Net Increase (Decrease) (81,379) 373,257
Beginning of Period 2,854,682 2,176,192
End of Period 2,773,303 2,549,449
Supplemental Disclosure of Cash Flows Information    
Payments for Interest 261,314 248,437
Payments for Income Taxes 141,294 296,994
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Non-Cash Contributions from Non-Controlling Interest Holders 8,994 8,299
Non-Cash Distributions to Non-Controlling Interest Holders (9,241) (9,551)
Transfer of Interests to Non-Controlling Interest Holders (42,613) 1,626
Net Settlement of Vested Common Stock 601,407 580,665
Deferred Tax Asset Increase from Equity Transactions 77,800 255,309
Due to Affiliates Increase Related to the Impact of Conversions on Tax Receivable Agreements $ 56,796 $ 199,908