BX · Full Picture

Blackstone Inc. — the full picture

Earnings window · 2026-07-17 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Accrued Performance Revenues · UnclassifiedPriority 89
    +55.5% revenue (realized); 3 sources (news, press_release, sec_filing); 4 forward row(s); structured_verified
    Private Equity Fee Related Performance Revenues were $391,387 thousand for the three months ended June 30, 2026, an increase of $199,056 thousand (103%) versus prior year quarter, primarily attributable to higher performance revenues in BXPE and crystallization of performance revenues in BXINFRA.
  2. Revenue Performance and Mix · Revenue growth & mixPriority 89
    +79.7% revenue (realized); 3 sources (news, press_release, sec_filing); 3 forward row(s); structured_verified
    Blackstone reported quarterly earnings of $1.52 per share and revenue of $5.04 billion, a 35.9% increase year-over-year, and raised its quarterly dividend to $1.29 per share.
  3. Private Equity Segment Growth · UnclassifiedPriority 87
    +121.0% revenue; 3 sources (news, press_release, sec_filing); 4 forward row(s); structured_verified
    The third Corporate Private Equity Asia fund held final close with $1.8 billion of capital raised in the quarter, bringing total commitments to $13.1 billion.
  4. Assets Under Management Growth · UnclassifiedPriority 84
    +102.0% revenue; 3 sources (news, press_release, sec_filing); 3 forward row(s); quote_verified
    Total Dry Powder available for future investments was $228.1 billion.
  5. Real Estate Segment Performance · UnclassifiedPriority 84
    -11.2% revenue; 3 sources (news, press_release, sec_filing); 4 forward row(s); structured_verified
    For the six months ended June 30, 2026, Real Estate unrealized appreciation increased by $529.1 million compared to unrealized depreciation in the six months ended June 30, 2025.
  6. Capital Return Program · Buybacks & dividendsPriority 75
    -5.6% cash; 2 sources (press_release, sec_filing); 4 forward row(s); structured_verified
    $1.7 billion is to be distributed to shareholders with respect to the second quarter and $6.9 billion over the LTM through dividends and share repurchases.
  7. Capital Commitments and Obligations · Commitments & obligationsPriority 72
    -10.1% liability; 1 forward row(s); quote_verified
    Blackstone and General Partner original total capital commitments: $13,592,897 (thousands) with remaining commitments of $5,904,553 (thousands) as of June 30, 2026.
  8. Credit Insurance Earnings Decline · UnclassifiedPriority 72
    -133.8% revenue; 2 sources (press_release, sec_filing); 1 forward row(s); structured_verified
    For the six months ended June 30, 2026, the $200.2 million decrease in Unrealized Investment Income was primarily attributable to a decrease of $507.8 million in the Credit & Insurance segment primarily attributable to lower unrealized appreciation of Corebridge common stock.
  9. Marina Portfolio Expansion · Capacity & footprint expansionPriority 72
    +11.2% assets (realized); quote_verified
    Blackstone made a $5.6 billion acquisition of Safe Harbor in early 2025.
  10. Investment Income Drivers · Investments & securitiesPriority 71
    +32.8% operating_income (realized); 2 sources (press_release, sec_filing); structured_verified
    Total Investment Income was $2,472,721 thousand for the three months ended June 30, 2026, an increase of $867,056 thousand or 54% compared to $1,605,665 thousand for the three months ended June 30, 2025.
  11. AI Data Center Buildout · Capacity & footprint expansionPriority 69
    +5.6% assets; 3 forward row(s); quote_verified
    BREIT has committed $3.3 billion to data centers through its QTS Data Centers platform.
  12. Australian Mortgage Portfolio Acquisition · M&A and divestituresPriority 69
    -35.9% liability; 5 forward row(s); quote_verified
    Blackstone is acquiring HSBC's A$36 billion Australian home and personal loan portfolio (approximately $25.30 billion).

Threads by pillar

Revenue & Demand Priority 92 · 5 threads

Costs & Margins Priority 69 · 2 threads

Capital & Balance Sheet Priority 93 · 9 threads

Strategy & Portfolio Priority 90 · 17 threads

Legal, Regulatory & Policy Priority 70 · 3 threads

Guidance & Outlook Priority 62 · 1 thread

Macro & Market Conditions Priority 60 · 5 threads

Management & Governance Priority 32 · 2 threads

Shareholders & Street Priority 63 · 4 threads

Unclassified Priority 100 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+78.0%+530.4%+148.2%
assets+54.9%+69.2%+28.5%
liability-52.7%+52.7%-5.6%
cash-16.6%+29.6%-17.1%
net_income——+34.3%
operating_income——+78.7%