BX · 10-Q · 2026Q3 · Full report
Accrued Performance Revenues
Blackstone Inc. · 2026-11-06 · Importance 54 · Surprise 40 · Matches filing data
Net accrued performance revenues totaled $7.3 billion at September 30, 2026, up from $6.5 billion a year earlier, an increase of approximately 12%. GAAP accrued performance allocations increased to $13.4 billion from $11.9 billion, while accrued performance compensation rose to $5.9 billion from $5.3 billion. The reconciliation also deducts $383.5 million of net realized performance revenues not yet distributed and includes $200.1 million due from affiliates.
Key facts
- For the twelve months ended September 30, 2026, net accrued performance revenues receivable increased from $4.4 billion of Net Performance Revenues, partly offset by $3.6 billion of net realized distributions. source
- As of September 30, 2026, BREP VII, BREP VI, BREP V, BREP Europe IV, BREP Europe III and BREP Asia I were above carried interest thresholds even if all remaining investments were valued at zero. source
- As of September 30, 2026, BREP VIII, BREDS IV and BREDS III were above carried interest thresholds; BREP IX, BREP Asia II, BREP Europe VI and BREP Europe V were below them. source
- Private Equity Fee Related Performance Revenues were $215.2 million in Q3 2026, up $88.5 million from $126.7 million, primarily due to Infrastructure Performance Revenue crystallization. source
- Thirteen Real Estate funds had closed investment periods as of September 30, 2026. source
- Private Equity Fee Related Performance Revenues were $777.3 million in the first nine months of 2026, up $397.4 million from $379.9 million, primarily due to higher BXPE revenues and BXINFRA crystallizations. source
- Real Estate Fee Related Performance Revenues were $556.3 million for the first nine months of 2026, up $304.2 million from $252.0 million, primarily due to higher BREIT revenues. source
- Real Estate Fee Related Performance Revenues were $160.6 million in Q3 2026, up $35.9 million from $124.6 million, primarily due to higher BREIT revenues. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +1.6% | For the twelve months ended September 30, 2026, net accrued performance revenues receivable increased from $4.4 billion of Net Performance… |