BX · 10-Q · 2026Q3 · Full report

Other Income Growth

Blackstone Inc. · 2026-11-06 · Importance 30 · Surprise 40 · In source text

Other Income increased $30.7 million to $333.3 million for the nine months ended September 30, 2026, a 10.1% increase from $302.5 million in the prior-year period. The increase reflected a $30.7 million rise in Net Gains from Fund Investment Activities. Private Equity fund investment gains increased $144.2 million, partly offset by decreases of $63.1 million in Real Estate and $45.8 million in Multi-Asset Investing.

Key facts

• Unrealized Investment Income decreased $123.0 million in the nine months ended September 30, 2026 versus the same 2025 period, primarily due to lower unrealized appreciation. source
• Other Income was $333.3 million for the nine months ended September 30, 2026, up $30.7 million from $302.5 million for the same 2025 period. source
• Net Gains from Fund Investment Activities increased $144.2 million in Private Equity, partially offset by decreases of $63.1 million in Real Estate and $45.8 million in Multi-Asset Investing. source
• Third-quarter 2026 Net Gains from Fund Investment Activities decreased $15.2 million; the decrease included a $44.0 million decline in Real Estate, partly offset by increases of $33.1 million in Private Equity and $7.2 million in Credit & Insurance. source
• The $30.7 million increase in Other Income reflected a $30.7 million increase in Net Gains from Fund Investment Activities. source
• Third-quarter 2026 Other Income was $93.4 million, down $15.2 million from $108.6 million in the prior-year quarter. source
• Credit & Insurance Realized Principal Investment Income was $26.3 million in the first nine months of 2026, down $117.2 million from $143.6 million, primarily because Blackstone sold Bistro in Q1 2025. source

Impact estimates