BX · 10-Q · 2026Q2 · Full report

Segment Revenue Performance

Blackstone Inc. · 2026-08-07 · Importance 46 · Surprise 56 · No source text

Multi-Asset Investing Segment Distributable Earnings increased 35% to $97.7 million in the second quarter of 2026 from $72.3 million in the second quarter of 2025, driven by a $20.0 million increase in Fee Related Earnings and a $5.4 million increase in Net Realizations. For the six months ended June 30, 2026, Segment Distributable Earnings rose 39% to $177.9 million from $128.0 million, while Fee Related Earnings increased 30% to $155.6 million. Six-month Management and Advisory Fees, Net increased 18% to $300.8 million, including a 20% increase in Base Management Fees to $302.3 million, primarily from higher Fee-Earning Assets Under Management in Absolute Return. Six-month Realized Performance Revenues increased 220% to $40.0 million, lifting Net Realizations 172% to $22.3 million despite a $13.5 million increase in Realized Performance Compensation.

Key facts

• Multi-Asset Investing Segment Distributable Earnings for the three months ended June 30, 2026: $97,691 (thousands), an increase of $25,344 (35%) compared to $72,347 for the three months ended June 30, 2025. source
• Total Segment Distributable Earnings for the three months ended June 30, 2026: $2,197,688 (thousands). source

Impact estimates