Blackstone Inc. (BX) SEC Filings & Earnings Calls
EquiReason read 15 Blackstone Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-22 — Blackstone reported strong Q3 2026 results with GAAP Net Income of $1.3B, FRE of $1.6B, DE of $1.7B, and record inflows of $63B. Dividend declared at $1.12/share..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 88.6B
- P/E TTM
- 26.4
- Dividend yield
- 4.2%
- 52-week
- —
- Next earnings
- 27 Jan, in 95 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
22 Oct 20268-K · 2.02Blackstone reported strong Q3 2026 results with GAAP Net Income of $1.3B, FRE of $1.6B, DE of $1.7B, and record inflows of $63B. Dividend declared at $1.12/share.earningsopen
Figures in the filing · each found in the filing text
| GAAP Net Income · Q3-2026 | $1.30B | |
| Fee Related Earnings · Q3-2026 | $1.60B | |
| Distributable Earnings · Q3-2026 | $1.70B | |
| Inflows · Q3-2026 | $63.00B | |
| Dividend per share · Q3-2026 | $1.12 | |
| GAAP Net Income Attributable to Blackstone Inc. · Q3-2026 | $662M | |
| Management and Advisory Fees, Net · Q3-2026 | $2.18B |
Risks flagged
Volatile external environment may impact future performance
“amid a volatile external environment” · word for word
15 Oct 20268-K · 5.02Blackstone Inc. reports director Joseph Baratta's planned retirement effective Dec 31, 2026; board size reduced from 8 to 7 members.open
Risks flagged
Loss of experienced director, but planned retirement suggests orderly transition
“Planned retirement with effective date Dec 31, 2026”
22 Sep 20268-K · 7.01Blackstone announces preliminary intra-quarter realization update: expects total Realized Performance Revenues and Realized Principal Investment Income >$350M for July 1–Sept 22, 2026, ~90% from performance revenues.earningsopen
Figures in the filing · each found in the filing text
| Realized Performance Revenues and Realized Principal Investment Income · Q3-2026 | $350M |
Risks flagged
Preliminary estimate may not reflect full quarter results; excludes fee income and expenses.
“This estimate does not include the results or impact of any other sources of income, including fee income, or expenses, and Blackstone may realize further gains or losses relating to total Realized Performance Revenues and total Realized Principal Investment Income for the full quarter.” · word for word
7 Aug 202610-QTotal Revenues $5.04B (+36% y/y); Net Income Attributable to Blackstone Inc. $1.23B (+61% y/y); Management and Advisory Fees, Net $2.27B (+11% y/y)open
Figures in the filing · each found in the filing text
| Total Revenues · Q2-2026 | $5.04B | +36% y/y |
| Net Income Attributable to Blackstone Inc. · Q2-2026 | $1.23B | +61% y/y |
| Management and Advisory Fees, Net · Q2-2026 | $2.27B | +11% y/y |
| Incentive Fees · Q2-2026 | $159M | -19% y/y |
| Total Investment Income · Q2-2026 | $2.47B | +54% y/y |
| Cash and Cash Equivalents · 2026-06-30 | $2.51B |
Risks flagged
Market Volatility Risk
“Investment income includes unrealized gains which are subject to market fluctuations; unrealized gains were $587M in Q2 2026 vs $313M in Q2 2025.”
Compensation Cost Pressure
“Total Compensation and Benefits increased 27.6% YoY to $1.81B in Q2 2026, driven by higher performance allocation compensation.”
23 Jul 20268-K · 2.02Blackstone reported strong Q2 2026 earnings with GAAP Net Income of $2.4B, FRE of $1.8B, and nearly $70B in inflows, driven by AI megatrend investments.earningsopen
Figures in the filing · each found in the filing text
| GAAP Net Income · Q2-2026 | $2.40B | |
| GAAP Net Income Attributable to Blackstone Inc. · Q2-2026 | $1.20B | |
| Fee Related Earnings · Q2-2026 | $1.80B | |
| Distributable Earnings · Q2-2026 | $2.00B | |
| Dividend per Share · Q2-2026 | $1.29 | |
| Total Revenues · Q2-2026 | $5.04B | +36% y/y |
| Net Income per Share (Diluted) · Q2-2026 | $1.54 | +57% y/y |
Risks flagged
Dependence on AI megatrend for growth; potential slowdown in AI investment could impact inflows
“Our decision to lean into the artificial intelligence megatrend is leading to standout investment performance” · word for word
23 Jun 20268-K · 7.01Realized Performance Revenues and Realized Principal Investment Income (preliminary) $500Mopen
Figures in the filing · each found in the filing text
| Realized Performance Revenues and Realized Principal Investment Income (preliminary) · Consolidated · Q2-2026 (partial | $500M |
Risks flagged
Preliminary estimate may not reflect full quarter results; subject to change.
“This estimate does not include revenue from any realization activity that may occur subsequent to June 23, 2026.” · word for word
8 May 202610-QManagement and Advisory Fees, Net $2.15B (+13% y/y); Total Revenues $3.62B (+10% y/y); Net Income $1.26B (+4% y/y)open
Figures in the filing · each found in the filing text
| Management and Advisory Fees, Net · Q1-2026 | $2.15B | +13% y/y |
| Total Revenues · Q1-2026 | $3.62B | +10% y/y |
| Net Income · Q1-2026 | $1.26B | +4% y/y |
| Net Income Attributable to Blackstone Inc. · Q1-2026 | $650M | +6% y/y |
| Cash and Cash Equivalents · 2026-03-31 | $2.45B |
Risks flagged
Compensation cost pressure
“Total Compensation and Benefits $1,744,415 for Q1 2026 vs $1,431,840 for Q1 2025 (+21.8% YoY)”
Investment income volatility
“Principal Investments Unrealized ($385,002) loss in Q1 2026 vs $158,713 gain in Q1 2025”
23 Apr 20268-K · 2.02GAAP Net Income $1.30B (+4% y/y); GAAP Net Income Attributable to Blackstone Inc. $650M (+6% y/y); Diluted EPS $0.83 (+4% y/y)earningsopen
Figures in the filing · each found in the filing text
| GAAP Net Income · Q1-2026 | $1.30B | +4% y/y |
| GAAP Net Income Attributable to Blackstone Inc. · Q1-2026 | $650M | +6% y/y |
| Diluted EPS · Q1-2026 | $0.83 | +4% y/y |
| Fee Related Earnings (FRE) · Q1-2026 | $1.50B | |
| Distributable Earnings (DE) · Q1-2026 | $1.80B | |
| Total Revenues · Q1-2026 | $3.62B | +10% y/y |
| Management and Advisory Fees, Net · Q1-2026 | $2.15B | +13% y/y |
| Incentive Fees · Q1-2026 | $165M | -14% y/y |
| Performance Allocations · Q1-2026 | $1.39B | +68% y/y |
| Total Expenses · Q1-2026 | $2.26B | +19% y/y |
Risks flagged
Principal investments generated a loss of $(242)M in Q1 2026 vs gain of $344M in Q1 2025, indicating mark-to-market volatility.
“Principal Investments $(241,982) vs $344,255 in prior year.”
24 Mar 20268-K · 7.01Realized Performance Revenues and Realized Principal Investment Income (preliminary) $680Mopen
Figures in the filing · each found in the filing text
| Realized Performance Revenues and Realized Principal Investment Income (preliminary) · Q1-2026 | $680M |
Risks flagged
Preliminary estimate; full quarter results may differ materially. Does not include fee income or expenses.
“This estimate does not include the results or impact of any other sources of income, including fee income, or expenses, and Blackstone may realize further gains or losses relating to total Realized Performance Revenues and total Realized Principal Investment Income for the full quarter.” · word for word
27 Feb 202610-KRisks named: Digital infrastructure demand concentration, Leverage and interest rate risk, Clawback obligation riskopen
Risks flagged
Digital infrastructure demand concentration
“Digital infrastructure demand is highly concentrated in a small number of large counterparties. Such concentration makes the value of digital infrastructure assets particularly susceptible to the risk of financial distress, consolidation or change in capital and expenditure trends of a single or small number of tenants.” · word for word
Leverage and interest rate risk
“Many of our funds’ investments rely heavily on the use of leverage, and our ability to achieve attractive rates of return on investments will depend on our ability to access sufficient sources of indebtedness at attractive rates.” · word for word
Clawback obligation risk
“To the extent one or more clawback obligations were to occur for any one or more carry funds, we might not have available cash at the time such clawback obligation is triggered to repay the Performance Allocations and satisfy such obligation.” · word for word
29 Jan 20268-K · 2.02Total AUM $1,274.90B; Fee-Earning AUM $921.70B; Inflows $71.50Bearningsopen
Figures in the filing · each found in the filing text
| Total AUM · Q4-2025 | $1274.90B | |
| Fee-Earning AUM · Q4-2025 | $921.70B | |
| Inflows · Q4-2025 | $71.50B | |
| Fee Related Earnings · Q4-2025 | $1.50B | |
| Distributable Earnings · Q4-2025 | $2.20B | |
| Dividend per share · Q4-2025 | $1.49 |
Risks flagged
Market-dependent performance allocations and incentive fees may be volatile.
“Performance allocations of $1.56B in Q4 vs $507M in Q4'24, subject to market conditions.”
7 Nov 202510-QBlackstone reported Q3 2025 total revenues of $3.09B (down 16% YoY) and net income of $1.24B (down 21% YoY), with management fees up 15% YoY.earningsopen
Figures in the filing · each found in the filing text
| Total Revenues · Q3-2025 | $3.09B | -16% y/y |
| Net Income · Q3-2025 | $1.24B | -21% y/y |
| Management and Advisory Fees, Net · Q3-2025 | $2.06B | +15% y/y |
| Cash and Cash Equivalents · 2025-09-30 | $2.43B | |
| Total Assets · 2025-09-30 | $46.55B | |
| Distributable Earnings (Net Income Attributable to Blackstone Inc.) · Q3-2025 | $625M | -20% y/y |
Risks flagged
Investment income volatility
“Investment Income (Loss) ... Unrealized (215,818) ... 1,154,918”
Compensation cost pressure
“Compensation and Benefits 1,230,759 ... 1,440,344” · word for word
3 Nov 20258-K · 1.01, 2.03, 8.01Senior Notes Principal Amount $1.20Bopen
Figures in the filing · each found in the filing text
| Senior Notes Principal Amount · 2025-11-03 | $1.20B |
Risks flagged
Increased leverage from debt offering; interest rate risk.
“Issued $1.2B in senior notes with 4.300% and 4.950% coupons.”
28 Oct 20258-K · 8.01Aggregate principal amount of 4.300% Senior Notes due 2030 $600M; aggregate principal amount of 4.950% Senior Notes due 2036 $600Mopen
Figures in the filing · each found in the filing text
| aggregate principal amount of 4.300% Senior Notes due 2030 | $600M | |
| aggregate principal amount of 4.950% Senior Notes due 2036 | $600M |
Risks flagged
Increased leverage from debt issuance; interest expense will increase.
“priced an underwritten public offering of $600,000,000 aggregate principal amount of 4.300% Senior Notes due 2030 and $600,000,000 aggregate principal amount of 4.950% Senior Notes due 2036” · word for word
28 Oct 20258-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
No material risk identified; preliminary offering announcement.
Blackstone Inc. — questions
- What did Blackstone Inc. file recently?
- 15 SEC filings in the last 12 months. Latest: 8-K on 2026-10-22 — Blackstone reported strong Q3 2026 results with GAAP Net Income of $1.3B, FRE of $1.6B, DE of $1.7B, and record inflows of $63B. Dividend declared at $1.12/share.
Every figure on this page comes from Blackstone Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.