Blackstone Inc

Latest Results (05.06.2026):

Blackstone Inc. — First Quarter 2026: Blackstone Inc. reported strong first‑quarter 2026 results, driven by broad appreciation across flagship strategies and sizable net inflows. Key outcomes included GAAP net income of $1.3 billion for the quarter (GAAP net income attributable to Blackstone Inc. $650 million), Fee Related Earnings (FRE) of $1.5 billion, Distributable Earnings (DE) of $1.8 billion, net accrued performance revenues of $7.0 billion, $68.5 billion of inflows, and total assets under management of $1.304 trillion. The board declared a quarterly dividend of $1.16 per share payable May 11, 2026.

Earnings and revenue

GAAP net income was $1.3 billion for 1Q’26 and $6.1 billion over the last twelve months (LTM); GAAP net income attributable to Blackstone Inc. was $650 million for the quarter and $3.1 billion LTM. Total reported revenues for the quarter were about $3.62 billion (figures in presentation are unaudited and preliminary).

Fee‑related and distributable earnings

Fee Related Earnings were $1.5 billion in 1Q’26 (about $1.26/share) and $6.0 billion LTM ($4.90/share). Distributable Earnings were $1.8 billion in the quarter (about $1.36/share) and reported at $7.5 billion over the LTM in the presentation.

Performance revenues and investment performance

Net Accrued Performance Revenues rose to $7.0 billion in the quarter (about $5.69/share), supported by appreciation across nearly all strategies — private equity, infrastructure, and parts of real estate and multi‑asset investing showed notable gains per the presentation.

Assets under management and capital flows

Total AUM reached $1,304.0 billion (up 12% year‑over‑year). Fee‑Earning AUM was $937.6 billion and Perpetual Capital AUM $539.7 billion. Inflows were $68.5 billion in 1Q’26 and $246.3 billion LTM; fee‑earning inflows were concentrated across credit, private equity, and other strategies.

Deployment and realizations

Blackstone deployed $35.6 billion in the quarter ($137.4 billion LTM) and realized $35.9 billion in the quarter ($136.0 billion LTM). The firm also committed additional capital that was not yet deployed (presentation cites $15.8 billion committed but not deployed in the quarter).

Capital returned and shareholder actions

The board declared a quarterly dividend of $1.16 per common share (record May 4, 2026; payable May 11, 2026). Blackstone repurchased about 0.2 million common shares in the quarter (0.8 million LTM) and noted $1.5 billion to be distributed to shareholders with respect to the quarter and $6.5 billion LTM through dividends and buybacks.

Liquidity and dry powder

Invested Performance Eligible AUM was $634.5 billion and total dry powder available for future investments stood at $213.3 billion at quarter end, providing substantial deployable capital across strategies.

Segment snapshots

Selected segment notes: Private Equity AUM rose to $429.9 billion (up 16% YoY) with $20.4 billion of inflows in the quarter; Credit & Insurance AUM was $457.5 billion (up 18%) with $37.0 billion of inflows; Real Estate AUM totaled $315.3 billion; Multi‑Asset Investing AUM was $101.4 billion, with the Absolute Return Composite delivering outperformance for the quarter and LTM.