Summary
Blackstone Inc. reported a net income attributable to Blackstone Inc. of $614.9 million for the first quarter of 2025, a decrease from $847.4 million in the same period of the prior year. This decline was primarily driven by a significant reduction in Investment Income, particularly unrealized gains, which fell by 41% year-over-year. Despite the decrease in investment income, total revenues remained robust at $3.3 billion, bolstered by strong growth in Management and Advisory Fees, which increased by 10% to $1.9 billion, reflecting continued growth in Assets Under Management (AUM). Total AUM grew to $1.17 trillion as of March 31, 2025, up from $1.13 trillion at the end of 2024, signaling resilience in capital raising despite market volatility. The company also saw an increase in total expenses, largely due to higher compensation and benefits, while managing its capital effectively through share repurchases and dividend payments.
Financial Highlights
39 data points| Revenue | $3.29B |
| Operating Expenses | $1.89B |
| Interest Expense | $118.11M |
| Net Income | $614.85M |
| EPS (Basic) | $0.80 |
| EPS (Diluted) | $0.80 |
| Shares Outstanding (Basic) | 771.80M |
| Shares Outstanding (Diluted) | 772.43M |
Key Highlights
- 1Blackstone reported a net income attributable to Blackstone Inc. of $614.9 million for Q1 2025, down 27% year-over-year.
- 2Total revenues were $3.3 billion, an 11% decrease year-over-year, primarily due to a 29% decline in Investment Income driven by lower unrealized gains.
- 3Management and Advisory Fees, Net, increased by 10% to $1.9 billion, signaling continued asset growth and fee-generating AUM.
- 4Total Assets Under Management (AUM) grew by 4% to $1.17 trillion as of March 31, 2025.
- 5Total expenses increased by 6% to $1.9 billion, primarily driven by a 9% rise in Compensation and Benefits.
- 6The company repurchased approximately $31 million of common stock during the quarter.
- 7Dividends declared per share increased to $1.44 from $0.94 in the prior year's comparable quarter.