One of the world's largest alternative asset managers, Blackstone invests money on behalf of pensions, insurers, and wealthy individuals across real estate, private equity, credit, and more. Founded in 1985 by Stephen Schwarzman and Peter Peterson, former Lehman Brothers colleagues, its name is a clever mashup of the two founders' names—"black" from the German for Schwarzman and "stone" from the Greek for Peterson. That naming quirk dodged the Wall Street tradition of just stacking two surnames on the door.
Blackstone reports Q2 2026 results with strong earnings growth and nearly $70 billion in inflows.
GAAP Net Income was $2.4 billion for Q2 2026, up from $1.6 billion in Q2 2025; GAAP Net Income Attributable to Blackstone Inc. was $1.2 billion.
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Fee Related Earnings (FRE) were $1.8 billion ($1.43/share) in Q2 2026, up 22% year-over-year.
Distributable Earnings (DE) were $2.0 billion ($1.52/share) in Q2 2026, up 26% year-over-year.
Total AUM reached $1,346.3 billion, up 11% year-over-year, with inflows of $68.3 billion in the quarter and $262.5 billion over the last twelve months.
Quarterly dividend of $1.29 per share declared, payable August 10, 2026, to holders of record on August 3, 2026.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Blackstone expects over $500M in realized performance revenues for Q2 2026 to date
On June 23, 2026, Blackstone issued a press release with a preliminary estimate of revenue from realization activity for April 1–June 23, 2026.
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The company expects to record total Realized Performance Revenues and Realized Principal Investment Income in excess of $500 million, almost entirely from Realized Performance Revenues.
The estimate includes certain non-fee related incentive fees and other investment income expected to be realized at quarter end.
The estimate excludes revenue from realizations after June 23, 2026, and does not predict full-quarter results, which may differ materially.
The disclosure was made under Item 7.01 (Regulation FD) and the press release is attached as Exhibit 99.1.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Blackstone expects over $680M in realized performance revenues for Q1 2026 through March 24
Blackstone announced a preliminary estimate of revenue from realization activity for January 1 to March 24, 2026.
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Total Realized Performance Revenues and Realized Principal Investment Income expected to exceed $680 million, almost entirely from Realized Performance Revenues.
Estimate includes non-fee related incentive fees and other investment income expected to be realized at quarter end.
Estimate does not include revenue from realizations after March 24, 2026, or other income sources like fee income and expenses.
Disclosed under Regulation FD via press release on Blackstone's website, with exhibit 99.1 attached.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Blackstone completes $1.2B senior notes offering in two tranches due 2030 and 2036
The notes are fully and unconditionally guaranteed by Blackstone Inc. and five of its indirect subsidiaries.
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Blackstone Reg Finance Co. L.L.C., an indirect subsidiary, issued $600 million of 4.300% Senior Notes due 2030 and $600 million of 4.950% Senior Notes due 2036.
Interest on the 2030 notes is payable semiannually on May 3 and November 3, starting May 3, 2026; interest on the 2036 notes is payable semiannually on February 15 and August 15, starting February 15, 2026.
The 2030 notes mature on November 3, 2030, and the 2036 notes mature on February 15, 2036; both are redeemable at the issuer's option, with make-whole redemption prices before specified dates.
Proceeds from the offering are intended for general corporate purposes.
The underwriting agreement was signed on October 28, 2025, with BofA Securities, Citigroup, Deutsche Bank, Morgan Stanley, and RBC Capital Markets as representatives.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
The notes will be fully and unconditionally guaranteed by Blackstone Inc. and five of its indirect subsidiaries: Blackstone Holdings I, AI, II, III, and IV L.P.s.
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On October 28, 2025, Blackstone Inc. announced its intention to offer senior notes through its indirect subsidiary Blackstone Reg Finance Co. L.L.C.
Proceeds from the offering are intended for general corporate purposes.
The offering is made under an automatically effective shelf registration statement filed with the SEC on December 2, 2024.
The notes will be offered via underwriters including BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, Morgan Stanley, and RBC Capital Markets.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Blackstone prices $1.2B senior notes offering via subsidiary, guaranteed by parent and holding entities.
On October 28, 2025, Blackstone Reg Finance Co. L.L.C., an indirect subsidiary of Blackstone Inc., priced an underwritten public offering of $600 million of 4.300% Senior Notes due 2030 and $600 million of 4.950% Senior Notes due 2036.
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The notes are fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., and Blackstone Holdings IV L.P.
Blackstone intends to use the net proceeds from the notes offering for general corporate purposes.
The offering was made pursuant to an automatically effective shelf registration statement filed with the SEC on December 2, 2024.
The press release announcing the pricing is attached as Exhibit 99.1 to the Form 8-K.
8.01 Other Events · 9.01 Financial Statements and Exhibits