Blackstone Q2 Net Income Hits $1.229B, EPS Jumps 57% to $1.54
Blackstone reported Q2 2026 revenue of $5.044 billion and net income of $1.229 billion. EPS came in at $1.54, up 57% year-over-year, alongside a per-share dividend of $1.29.
- Blackstone's Q2 2026 net income hit $1.229B, with EPS up 57% to $1.54
- AI-driven gains and capital inflows pushed results past Wall Street estimates
Blackstone reported Q2 2026 net income of $1.229 billion and EPS of $1.54. According to an SEC Form 8-K filing, the results beat market expectations, driven by strong returns on AI-related investments.
📊 Price at time of writing (July 23, 2026, 23:04 KST)
$123.62 ▲ +0.65%
Q2 Results at a Glance
Blackstone's Q2 revenue reached $5.044 billion, up 36% year-over-year. Chairman and CEO Stephen Schwarzman said in the earnings release, 'Our results this quarter were outstanding. Earnings rose sharply, and we brought in nearly $70 billion in new capital.' He added, 'Our early conviction in the massive AI wave is translating into strong performance across multiple investment strategies.' Realized performance revenues — fees earned from selling assets — surged 71% year-over-year, driving the earnings growth.
- Revenue: $5.044 billion, up 36% year-over-year
- Earnings per share (EPS): $1.54, up 57% from $0.98 a year earlier, beating market expectations
- Net income attributable to Blackstone: $1.229 billion, up 61% year-over-year
- Fee-related earnings (FRE, a stable earnings measure excluding interest, taxes, and depreciation): $1.8 billion, or $1.43 per share
- Dividend per share: $1.29, payable August 10 to shareholders of record as of August 3
Market Reaction
Following the earnings release, Blackstone shares rose 0.65% from the prior session to $123.62 as of 11:04 p.m. KST on July 23. Reuters reported that the results beat Wall Street expectations, driven by gains from AI-related investments. Bloomberg reported that asset sales and AI bets fueled the earnings growth. Reuters also noted that Blackstone's assets under management (AUM) surpassed $1.35 trillion for the first time. The Financial Times, however, reported that withdrawals from Blackstone's flagship private credit fund have slowed but are still ongoing.
This article was automatically generated based on the original SEC Form 8-K filing and wire service reports, with the goal of delivering key data quickly after the announcement. Readers are advised to review the company's official filing before making trading decisions. The stock price reflects the time of writing and may differ from the current price.
BXFrequently Asked Questions
What kind of company is Blackstone?
Blackstone is the world's largest alternative asset manager, investing in real estate, private equity, credit, and infrastructure. Its assets under management exceed $1.35 trillion.
What does it mean that the results 'beat expectations'?
It means Blackstone's actual reported earnings exceeded what Wall Street analysts had forecast. Reuters and other outlets reported that the results topped expectations.
What is FRE (fee-related earnings)?
FRE refers to core earnings generated from asset management fees. Unlike investment gains, it's considered a stable revenue source that isn't heavily swayed by market conditions.
When and how much is the dividend?
Blackstone will pay a dividend of $1.29 per share on August 10 to shareholders of record as of August 3, 2026.
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