Blackstone (NYSE:BX) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Blackstone (NYSE:BX) posted its earnings results on Thursday. The asset manager reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.18, FiscalAI reports. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s revenue was up 35.9% on a year-over-year basis.

Here are the key takeaways from Blackstone’s conference call:

• Blackstone reported distributed earnings of $2.0 billion in Q2, up 26% year over year, with fee-related earnings up 22% and total inflows near $70 billion. AUM hit a record $1.35 trillion, underscoring broad fundraising momentum.
• The firm said AI infrastructure is now a major growth driver, especially in data centers, power, and frontier AI companies. Management highlighted new initiatives including the BXDC data center REIT, a Google TPU cloud venture, and large-scale AI-related capital solutions.
• Blackstone described strong performance across private wealth and insurance, with wealth AUM up 16% to $324 billion and insurance AUM up 15% to $290 billion. It also pointed to new partnerships such as Nippon Life and the launch of new products with Wellington and Vanguard.
• Management reiterated that base management fees should grow at a double-digit rate in 2027, supported by deployment in drawdown funds, the scaling of perpetual vehicles, and strong credit dry powder. They also said transaction fees and fee-related performance revenues are becoming a more important part of earnings.
• Realizations improved, with net realizations up 27% year over year and the firm’s accrued performance revenue reaching a four-year high of $7.5 billion. Blackstone expects realizations to be stronger in 4Q and into 2027, helped by a stronger IPO market and improving exit conditions.

Blackstone Trading Up 1.5%

BX opened at $124.67 on Friday. The firm has a market cap of $92.61 billion, a P/E ratio of 31.88, a P/E/G ratio of 1.33 and a beta of 1.58. Blackstone has a 12 month low of $101.73 and a 12 month high of $190.09. The stock has a 50-day moving average of $120.10 and a 200 day moving average of $124.81. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a $1.29 dividend. This is a boost from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date is Monday, August 3rd. This represents a $5.16 dividend on an annualized basis and a dividend yield of 4.1%. Blackstone’s payout ratio is presently 118.67%.

Insider Activity at Blackstone

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the transaction, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. This represents a 99.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vikrant Sawhney sold 30,014 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the completion of the transaction, the insider owned 899,669 shares in the company, valued at approximately $113,169,363.51. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought 10,252,345 shares of company stock valued at $209,789,893 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Blackstone

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley increased its position in Blackstone by 2.0% during the 4th quarter. Morgan Stanley now owns 32,862,165 shares of the asset manager’s stock valued at $5,065,374,000 after buying an additional 636,613 shares in the last quarter. State Street Corp increased its holdings in shares of Blackstone by 1.3% during the third quarter. State Street Corp now owns 31,362,796 shares of the asset manager’s stock valued at $5,358,334,000 after acquiring an additional 412,281 shares in the last quarter. Northern Trust Corp boosted its stake in Blackstone by 4.7% in the 3rd quarter. Northern Trust Corp now owns 7,324,989 shares of the asset manager’s stock worth $1,251,474,000 after purchasing an additional 329,379 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Blackstone by 8.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,381,300 shares of the asset manager’s stock worth $675,334,000 after purchasing an additional 323,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Blackstone by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,351,951 shares of the asset manager’s stock worth $670,810,000 after buying an additional 84,334 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported Q2 earnings of $1.52 per share, topping estimates, while revenue of $5.04 billion also beat forecasts. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, and strong inflows helped offset weakness in private credit fundraising. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted gains from AI-related investments and said its early push into AI infrastructure is helping drive growth and profits. Blackstone Inc (BX) Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company raised its quarterly dividend to $1.29 per share, an 11.2% increase from $1.16, signaling confidence in cash generation and shareholder returns.
• Neutral Sentiment: Blackstone and its partners Wellington and Vanguard launched new investment solutions aimed at giving wealthy investors easier access to public and private markets, which could support future fundraising. Wellington, Vanguard, and Blackstone Announce the Launch of Two Investment Solutions
• Neutral Sentiment: Blackstone also announced a new AI data center loan and continued expanding in India, reinforcing its long-term growth strategy, though these moves are not immediate earnings drivers. Blackstone Finalizes A$4.3 Billion AI Data Center Loan Amid Record Debt Boom
• Negative Sentiment: Some reports noted softer private credit fundraising and broader market concerns about geopolitics and higher oil prices, which could temper enthusiasm for the stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BX shares. Oppenheimer reduced their target price on shares of Blackstone from $156.00 to $139.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Piper Sandler raised their price target on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Rothschild & Co Redburn dropped their price objective on Blackstone from $134.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Royal Bank Of Canada decreased their target price on Blackstone from $173.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, TD Cowen restated a “buy” rating on shares of Blackstone in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Blackstone has a consensus rating of “Moderate Buy” and a consensus price target of $146.76.

Blackstone Company Profile

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.