Objectives: In this manuscript, some fixed point theorems have been provided in b-multiplicative metric spaces. Methods: We proved the unique fixed point theorems using the Banach contraction principle and generalized Lipschitz contractive mappings. Findings: We established the P Property and the T-Stability of Picard’s iteration in b-multiplicative metric spaces. We also provide an example to demonstrate the result. Novelty: Using our results, we obtained the existence and uniqueness of solutions for ordinary multiplicative differential equations with initial value problems. 2020 Mathematics Subject Classification: 47H10, 54H25. Keywords: Fixed Point, Generalized Lipschitz Contractive, Picard’s iteration, b-Multiplicative Metric Space (b − MMS), T -Stability, Differential equation