• Blackstone average pre-tax profit margin for 2023 was 31.73%, a 37.87% increase from 2022.
• Blackstone average pre-tax profit margin for 2022 was 51.07%, a 15.17% decline from 2021.
• Blackstone average pre-tax profit margin for 2021 was 60.2%, a 148.15% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.