Citable filing context

BX filing events and research context

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BX's research view summarizes recent SEC filing context, starting with earnings from Apr 23, 2026.

BX filing events and research context
FiledItemContext
Apr 23, 2026earningsBlackstone reported Q1 2026 results with $650M net income and declared a $1.16 per share dividend.
Mar 24, 2026guidance_updateBlackstone announced preliminary Q1 2026 revenue from realization activity in excess of $680 million.
Jan 29, 2026earningsBlackstone reported fourth quarter and full year 2025 financial results, declaring a $1.49 per share dividend.
Sep 24, 2025Guidance: realization_activity_revenue525.00 to not reported
Sep 24, 2025Guidance: realized_performance_revenues_percentage90.00 to not reported
Mar 25, 2025Guidance: realized_performance_and_principal_investment_income385.00 to not reported
May 8, 2026mda_quarterlyBlackstone's Q1 2026 total revenues rose 10% to $3.6 billion, primarily from a 13% increase in Management and Advisory Fees to $2.1 billion. This fee growth was largely driven by the Private Equity segment, benefiting from heightened deal activity in Blackstone Capital Markets and expanded Fee-Earning Assets Under Management in BXPE, BIP, and BXINFRA. Net income attributable to Blackstone Inc. increased 6% to $649.7 million. Investment Income slightly decreased 2% to $1.1 billion, due to lower unrealized appreciation in Credit & Insurance (Corebridge stock) offset by robust realized gains in Private Equity. Segment Distributable Earnings varied. Private Equity surged 75% to $985.7 million, propelled by strong Infrastructure performance (data centers, energy) and increased realizations, despite AI disruption impacting software valuations and geopolitical uncertainty slowing realization activity. Real Estate SDE grew 13% to $557.5 million, supported by BREIT and digital infrastructure, but faced life science office declines and FX headwinds. Credit & Insurance SDE fell 26% to $373.1 million, as lower Fee Related Performance Revenues and realized principal investment income countered $37 billion in inflows. This segment saw increased BCRED redemptions and decelerated subscriptions amid market concerns, anticipating rising defaults and lower floating rate returns. Total AUM increased 2% to $1.304 trillion, with Private Equity and Credit & Insurance leading growth. The firm maintains strong liquidity.
Feb 27, 2026businessBlackstone is the world's largest alternative asset manager, overseeing over $1.3 trillion in Total Assets Under Management as of December 31, 2025, for institutional and individual investors. Its global investment strategies are diversified across four segments: Real Estate ($319.3B AUM), Private Equity ($416.4B AUM), Credit & Insurance ($443.0B AUM), and Multi-Asset Investing ($96.2B AUM). The Real Estate segment includes opportunistic funds (BREP), core+ strategies with perpetual capital vehicles like BREIT and BEPIF, and real estate debt (BREDS, BXMT). Private Equity encompasses corporate private equity (BCP, BCEP, BETP), infrastructure (BIP, BXINFRA), tactical opportunities, life sciences (BXLS), growth equity (BXG), and secondaries (Strategic Partners, BXGP). Credit & Insurance offers corporate and asset-based credit, CLOs, direct lending (BCRED, BXSL), and an insurance solutions platform. Multi-Asset Investing is the largest discretionary allocator to hedge funds, managing diverse portfolios. Key strategic trends include the significant growth of Perpetual Capital strategies, which have indefinite terms and no ordinary redemption requirements, and a strategic expansion into the Private Wealth channel to access individual investors. Revenue is generated through management fees and performance allocations (carried interest), with the latter carrying a clawback obligation for underperformance. The firm employs a rigorous, committee-based investment process focused on value creation and operational efficiencies.

Source: SEC EDGAR filing text and events; period Apr 23, 2026; filed Apr 23, 2026.

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