BX · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

Blackstone Inc. · 2026-08-07 · Importance 45 · Surprise 64 · In source text

Foreign-exchange fluctuations reduced Total Assets Under Management by $1.3 billion in the three months ended June 30, 2026, compared with a $11.0 billion increase in the comparable 2025 period. For the six months ended June 30, 2026, foreign-exchange fluctuations reduced Total Assets Under Management by $3.1 billion, versus a $15.6 billion increase in the six months ended June 30, 2025. The six-month 2026 impact included $1.9 billion of depreciation in Real Estate, $868.7 million in Private Equity, $273.1 million in Credit & Insurance and $58.4 million in Multi-Asset Investing.

Key facts

• Other Revenue was $11,947 thousand for the three months ended June 30, 2026, an increase of $237,010 thousand compared to $(225,063) thousand for the three months ended June 30, 2025, primarily attributable to foreign exchange gains arising on transactions denominated in currencies other than U.S. dollars. source
• For the six months ended June 30, 2026, the impact to Total Assets Under Management due to foreign exchange rate fluctuations was $(3.1) billion for Total segments. source
• For the three months ended June 30, 2026, the impact to Total Assets Under Management due to foreign exchange rate fluctuations was $(1.3) billion for Total segments. source
• For the three months ended June 30, 2026, the impact to Fee-Earning Assets Under Management due to foreign exchange rate fluctuations was $(949.5) million for Total segments. source

Impact estimates