BX · 10-Q · 2026Q3 · Full report

FX / Currency Impact

Blackstone Inc. · 2026-11-06 · Importance 20 · Surprise 24

For the nine months ended September 30, 2026, foreign-exchange movements reduced Total Assets Under Management by $3.4 billion, versus a $14.3 billion increase in the comparable 2025 period. The 2026 impact comprised decreases of $2.1 billion in Real Estate, $821.2 million in Private Equity, $128.2 million in Credit & Insurance and $348.5 million in Multi-Asset Investing. Foreign exchange also reduced Fee-Earning Assets Under Management by $2.2 billion, compared with a $9.7 billion increase in the nine months ended September 30, 2025; the largest 2026 impact was a $1.6 billion decrease in Real Estate.