Blackstone Group 8-K

Summary

Q2 2026 results. Blackstone reported higher GAAP revenue and earnings, with performance allocations rising sharply and quarterly inflows reaching $68.3B. Total AUM grew 11% Y/Y to $1.35T.

Key Figures

• Performance allocations were $1.95B, up 71% Y/Y, a major contributor to revenue growth. Results are preliminary and unaudited.
• Total AUM was $1.35T (+11% Y/Y), including fee-earning AUM of $961.6B (+8%); quarterly inflows were $68.3B.
• Cash, cash equivalents, corporate treasury and other investments totaled $12.2B; cash and net investments were $22.7B. Outstanding debt was $13.2B at par. Blackstone repurchased 0.2M shares; 752.6M common shares were outstanding vs 739.1M a year earlier, and $1.6B remained under the repurchase authorization. The declared $1.29/share dividend is payable 8/10/2026 to holders of record 8/3/2026.

Guidance

• FY2026: Fee Related Compensation is expected to be reduced by the total additional Performance Compensation awarded for the year; the company says the program does not affect full-year income before taxes or Distributable Earnings.

Investor Takeaways

• Watch Q3 inflows, deployment and realizations to assess whether fundraising and investment activity continue at the Q2 pace.
• The next quarter’s performance allocations and investment performance will show whether Q2’s earnings growth persists.