BX · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

Blackstone Inc. · 2026-11-06 · Importance 58 · Surprise 42

At September 30, 2026, Blackstone reported $3.0 billion of cash and cash equivalents, $8.2 billion of liquid investments within Other Investments, and $13.1 billion of borrowings, including $700.0 million drawn on its $4.325 billion revolving credit facility. Senior notes outstanding totaled $12.376 billion, and the revolving facility matures October 16, 2030. On November 2, 2026, Blackstone issued $600 million of 5.650% senior notes due 2031 and $500 million of 5.900% senior notes due 2033. Total assets were $49.6 billion and total liabilities were $28.6 billion at September 30, 2026; both increased from December 31, 2025, by $1.9 billion and $2.8 billion, respectively.

Key facts

• Blackstone’s average daily repurchase agreements balance was $313.5 million and its maximum daily balance was $605.9 million for the nine months ended September 30, 2026. source
• Blackstone’s repurchase agreements balance was $311.2 million at September 30, 2026, compared with $289.2 million at December 31, 2025. source
• Blackstone may use leverage opportunistically over time to create what it considers the most efficient capital structure for Blackstone and its stockholders. source
• Blackstone’s Total Assets were $49.6 billion as of September 30, 2026, an increase of $1.9 billion from December 31, 2025. source
• Blackstone’s Total Liabilities were $28.6 billion as of September 30, 2026, an increase of $2.8 billion from December 31, 2025. source
• As of September 30, 2026, Blackstone had $3.0 billion in cash and cash equivalents, $168.3 million in Corporate Treasury Investments, and $8.9 billion in Other Investments, including $8.2 billion of liquid investments, against $13.1 billion in borrowings, including $700.0 million outstanding under its Revolving Credit Facility. source
• Blackstone has access to a $4.325 billion committed Revolving Credit Facility. source
• Blackstone believes its described liquidity sources will be more than sufficient to fund its working capital requirements, taking into account prevailing market conditions, liquidity, and cash or liquid investment balances. source