Blackstone Group 8-K

Earnings

Lower realized performance revenues and incentive fees weighed on Distributable Earnings despite $63.3B in quarterly inflows.

Filed 2026-10-22 06:55 ET

Summary

Q3 2026 results. Blackstone reported $63.3B of quarterly inflows, with flagship strategies outperforming comparable public market indices amid a volatile environment. It declared a $1.12 per-share dividend for holders of record on 11/02/2026, payable 11/09/2026.

Key Figures

Metric Q3 2026 3Q 2026 YTD
Revenue $3.06B, -0.8% Y/Y $11.7B, +16% Y/Y
Net income (GAAP) $1.27B, +3% Y/Y $4.89B, +20% Y/Y
Net income attributable to Blackstone Inc. (GAAP) $662M, +6% Y/Y $2.54B, +27% Y/Y
Diluted EPS (GAAP) $0.83, +4% Y/Y $3.19, +24% Y/Y
Fee Related Earnings (non-GAAP) $1.57B, +6% Y/Y $4.90B, +17% Y/Y
Distributable Earnings (non-GAAP) $1.72B, -9% Y/Y $5.46B, +12% Y/Y
Total assets under management $1.37T, +10% Y/Y —
  • Lower realized performance revenues ($464M vs $745M) and incentive fees weighed on quarterly revenue and Distributable Earnings; Fee Related Earnings grew 6%.
  • Quarterly inflows were $63.3B; deployment was $30.1B and realizations were $33.1B. Total assets under management rose 10% Y/Y, while fee-earning assets under management reached $989.7B, up 9%.
  • At 9/30/2026, cash, cash equivalents, corporate treasury and other investments totaled $13.2B; cash and net investments were $23.5B. Outstanding debt was $13.1B at par. Blackstone repurchased 0.2M common shares in the quarter; Distributable Earnings shares outstanding declined 0.4M Q/Q to 1,243.4M, with $1.6B of repurchase authorization remaining.

Guidance

No guidance in this filing.

Investor Takeaways

  • Next-quarter Fee Related Earnings, Distributable Earnings and fundraising will indicate whether Q3’s fee-earnings growth and inflow momentum persist.

Was this summary useful?

The summary is written by an AI model reading the filing.

Model 005 · prompt v95 · 2026-10-22 14:33:24Z

Feedback