BX · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

Blackstone Inc. · 2026-08-07 · Importance 43 · Surprise 6 · In source text

As of June 30, 2026, Blackstone held $2.5 billion in cash and cash equivalents, $401.5 million in corporate treasury investments and $8.5 billion in other investments, including $7.8 billion of liquid investments, against $13.2 billion of borrowings. It also had access to a $4.325 billion unsecured revolving credit facility, of which $800.0 million was outstanding. Management expects liquidity needs to include funding general partner and co-investment commitments, business expansion, operating expenses, debt service, taxes, dividends and share repurchases. Management stated that available liquidity is expected to be more than sufficient for working capital requirements, while warning that prolonged periods of limited fund realizations combined with substantial capital calls could adversely affect available capital.

Key facts

• As of June 30, 2026, Blackstone had $2.5 billion in Cash and Cash Equivalents, $401.5 million in Corporate Treasury Investments and $8.5 billion in Other Investments (which included $7.8 billion of liquid investments), against $13.2 billion in borrowings which included $800.0 million outstanding under the Revolving Credit Facility. source
• Total Assets as of June 30, 2026: $49.9 billion, an increase of $2.2 billion from December 31, 2025. source
• Increase in Loans Payable was primarily attributable to a draw of the Revolving Credit Facility during the quarter ended March 31, 2026. source
• Repurchase Agreements balance as of June 30, 2026: $338.5 million and balance as of December 31, 2025: $289.2 million. source
• Six months ended June 30, 2026 average daily balance of Repurchase Agreements: $394.8 million and maximum daily balance: $605.9 million. source
• Assets of our consolidated VIEs can only be used to settle obligations of the consolidated VIE and are not available for general use by Blackstone. source

Impact estimates