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Blackstone (BX) Cash Flow Waterfall

Trace Blackstone's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$3.47B

Capex

−$119.83M

Free Cash Flow

$3.35B

FCF Margin

+96.6%

Cash flow waterfall for Blackstone (BX) — TTM through Q1 2026

Free cash flow: $3.35B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Blackstone (BX) — TTM through Q1 2026

  • Operating Cash Flow$3.47B
  • Capital Expenditure−$119.83M
  • Free Cash Flow$3.35B
  • Other Investing$1.26B
  • Share Buybacks−$278.70M
  • Dividends Paid−$6.07B
  • Net Debt Change$889.33M
  • Other Financing & FX$160.00M
  • Net Cash Decrease−$689.50M
Want to see what drove the FCF change?Free Cash Flow Bridge

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