Blackstone (BX) Q2 2026 Earnings
How Did BX Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +3.43%.
Did BX Beat Earnings? Q2 2026 Results
Yes. Blackstone reported Q2 2026 earnings of $1.52 a share on Jul 23, 2026, beating the $1.33 consensus estimate by 14.3%. Revenue was $5.0B against a $3.3B estimate.
Blackstone Inc. delivered a blowout second quarter for 2026, with revenue of $5.04 billion soaring 35.9% year over year and clearing the $3.35 billion consensus estimate by 50.77%, while distributable earnings per share of $1.52 topped the $1.33 analyst consensus by 14.28%. The driving force behind the outperformance was a sharp surge in performance allocations alongside robust fee-related earnings growth of 22% to $1.78 billion, with management and advisory fees rising 11% to $2.25 billion and fee-related performance revenues jumping 68% to $793.39 million. Total assets under management climbed 11% year over year to $1.35 trillion, powered by nearly $68.30 billion of inflows in the quarter, as CEO Stephen Schwarzman pointed to the firm's positioning around the artificial intelligence megatrend as a key strategic tailwind. Private Equity was the standout segment, with AUM up 17% to $454.15 billion. Blackstone also declared a Q2 dividend of $1.29 per share, a 25% increase year over year, and its portfolio activity included advancing a potential $8 billion IPO for Jersey Mike's.
- Artificial intelligence megatrend driving standout investment performance across strategies
- Fee Related Earnings grew 22% YoY to $1.8 billion driven by management fee growth and 68% increase in fee-related performance revenues
- Infrastructure strategy appreciated 7.2% in the quarter and 28.6% over the LTM
- Corporate Private Equity appreciated 3.7% in the quarter and 14.4% over the LTM
- Absolute Return Composite returned 5.8% gross in the quarter, outperforming the HFRX Global Hedge Fund Index
- Nearly $70 billion of inflows in the quarter bringing LTM inflows to $262.5 billion
- Perpetual Capital AUM reached $555.6 billion, up 15% year-over-year
“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.”
Blackstone CEO, on the earnings call
BX YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.0B | $3.7B | +35.9% |
| Operating Income | $2.8B | $1.9B | +46.6% |
| Net Income | $2.4B | $764.2M | +208.3% |
BX Revenue by Segment
When Does Blackstone Report Next?
Figures from SEC filings and company reports. Not investment advice.