Summary
Blackstone Inc. reported a solid first quarter for 2026, with total revenues increasing by 10% year-over-year to $3.6 billion. This growth was primarily driven by a 13% increase in Management and Advisory Fees, Net, which reached $2.1 billion, signaling continued strength in fee-generating assets under management. While Investment Income (Loss) saw a slight decrease of 2%, this was largely due to a significant ($523.5 million) decrease in unrealized gains, a common occurrence in market volatility, which was partially offset by a substantial $498.6 million increase in realized investment gains, particularly within the Private Equity segment. Total expenses rose by 19%, largely driven by a 22% increase in Compensation and Benefits, reflecting increased performance-based compensation tied to the segment's strong realized gains. Net income attributable to Blackstone Inc. grew by 6% to $649.7 million, translating to diluted EPS of $0.83, up from $0.80 in the prior year. The company also maintained a healthy liquidity position with $2.4 billion in cash and cash equivalents and demonstrated continued capital management with $1.7 billion remaining under its share repurchase program.
Financial Highlights
39 data points| Revenue | $3.62B |
| Operating Expenses | $2.26B |
| Interest Expense | $137.05M |
| Net Income | $649.73M |
| EPS (Basic) | $0.83 |
| EPS (Diluted) | $0.83 |
| Shares Outstanding (Basic) | 785.33M |
| Shares Outstanding (Diluted) | 786.30M |
Key Highlights
- 1Total Revenues increased 10% to $3.6 billion for the three months ended March 31, 2026, compared to $3.3 billion for the same period in 2025.
- 2Management and Advisory Fees, Net grew 13% to $2.1 billion, indicating strong growth in recurring fee-based revenue.
- 3Net Income Attributable to Blackstone Inc. increased 6% to $649.7 million, or $0.83 per diluted share, up from $614.9 million, or $0.80 per diluted share, in the prior year.
- 4Total Assets Under Management (AUM) increased to $1,304.0 billion at March 31, 2026, up from $1,274.9 billion at December 31, 2025, showing continued expansion of the firm's managed capital.
- 5Fee-Earning Assets Under Management (FEAUM) increased to $937.6 billion at March 31, 2026, up from $921.7 billion at December 31, 2025.
- 6The company's liquidity remains strong, with $2.4 billion in Cash and Cash Equivalents as of March 31, 2026.
- 7Blackstone continues its capital return initiatives with $1.7 billion remaining under its share repurchase authorization as of March 31, 2026.