BX · 8-K · 20261022PR428297

Revenue Performance and Mix

Blackstone Inc. · 2026-10-22 · Importance 62 · Surprise 46 · In source text

Third-quarter 2026 total GAAP revenue was $3.063 billion, down 1% year over year from $3.089 billion, while year-to-date revenue increased 16% to $11.724 billion from $10.090 billion. Management and advisory fees rose 6% year over year to $2.178 billion, while incentive fees fell 14% to $173 million and performance allocations declined 74% to $205 million. Principal investments increased from a loss of $86 million to income of $370 million, and interest and dividend revenue rose 17% to $126 million. Total segment revenue decreased 3% to $3.217 billion in the quarter but increased 14% year to date to $10.452 billion.

Key facts

• Blackstone Inc. Total Revenues for 3Q'26 were $3,062,888 (in thousands). source
• Blackstone Inc. Management and Advisory Fees, Net for 3Q'26 were $2,178,108 (in thousands). source
• GAAP Total Revenues for 3Q’26 were $3,062,888 (in thousands). source
• Management and Advisory Fees, Net for 3Q’26 were $2,178,108 (in thousands). source
• Adjusted EBITDA for 3Q’26 was $2,055,479 (in thousands). source
• Blackstone Inc. Principal Investments for 3Q'26 were $369,729 (in thousands). source
• Blackstone Inc. Incentive Fees for 3Q'26 were $172,729 (in thousands). source
• Blackstone Inc. Performance Allocations for 3Q'26 were $204,637 (in thousands). source

Impact estimates