| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 5.0K | 39.4% | 35.9% |
| Total Income | 5.0K | 39.4% | 35.9% |
| Expenditure | 2.4K | 5.0% | 22.9% |
| PBT | 2.8K | 93.0% | 46.6% |
| Net Profit | 1.2K | 89.2% | 60.8% |
| OPM | — | ||
| NPM | 24.37% | 6.41pp | 3.78pp |
| EPS | 1.54 | 85.5% | 57.1% |
Blackstone Reports Second Quarter 2026 Results
23 Jul 2026 · 23 Jul, 4:26 pm
Summary
Blackstone reported strong second quarter 2026 results, with GAAP Net Income of $2.4 billion and GAAP Net Income Attributable to Blackstone Inc. of $1.2 billion, resulting in diluted EPS of $1.54. Total Revenues grew significantly to $5.04 billion from $3.71 billion in the prior year period. Fee Related Earnings (FRE) and Distributable Earnings (DE) also showed robust performance, with FRE at $1.8 billion and DE at $2.0 billion for the quarter. Total Assets Under Management (AUM) reached $1,346.3 billion, marking an 11% year-over-year increase, driven by $68.3 billion in quarterly inflows.
Key Highlights
- 1
Blackstone reported GAAP Net Income of $2.4 billion for the second quarter of 2026.
- 2
GAAP Net Income Attributable to Blackstone Inc. was $1.2 billion for the quarter, with diluted EPS of $1.54.
- 3
Total Revenues for the second quarter of 2026 reached $5.04 billion, an increase from $3.71 billion in the prior year period.
- 4
Fee Related Earnings (FRE) were $1.8 billion ($1.43/share) in the quarter, and $6.3 billion ($5.14/share) over the last twelve months (LTM).
- 5
Distributable Earnings (DE) were $2.0 billion ($1.52/share) in the quarter, and $7.9 billion ($6.15/share) over the LTM.
- 6
Total Assets Under Management (AUM) increased to $1,346.3 billion, up 11% year-over-year.
- 7
Inflows were $68.3 billion in the quarter, bringing LTM inflows to $262.5 billion.
Management Comments
Stephen A. Schwarzman
Blackstone delivered an outstanding second quarter, highlighted by strong growth in earnings and nearly $70 billion of inflows. Our decision to lean into the artificial intelligence megatrend is leading to standout investment performance across numerous strategies and creating extraordinary opportunities for growth. We’ve become a trusted partner at scale to many of the key innovators in this ecosystem, which positions our firm extremely well for the future.
Informational and educational content only. Not investment advice.