Blackstone (NYSE:BX) Releases Earnings Results, Misses Estimates By $0.43 EPS
Weaker investment exits cut distributable earnings 13%, while more than $63 billion of inflows lifted fee income and assets under management.
- On Thursday, Blackstone reported lower third-quarter distributable earnings as weaker investment exits offset fee income growth, though quarterly inflows of $63.3 billion lifted assets under management to $1.37 trillion.
- A 41% sequential decline in global M&A activity complicated dealmaking as turbulent market conditions weighed on Blackstone's ability to cash in on investments. Net realizations fell 34% to about $332 million.
- Credit and insurance businesses attracted $35.8 billion in new inflows, while private equity brought in $12.6 billion, boosting fee-related earnings by 6%. These inflows cushioned the impact of slower realization activity.
- Shares jumped 4% in early trading as investors responded positively to the results. Blackstone declared a $1.12-per-share dividend, payable November 9 to shareholders of record November 2.
- The stock trades at 10 times forward earnings versus 22 times trailing, suggesting analysts expect earnings to rise sharply. Alternative asset managers face investor caution regarding potential AI disruption on portfolio companies.
12 Articles
12 Articles
Blackstone's Profits Fell, but Its Stock Rose 4%. Here's What Dividend Investors See
Blackstone just reported falling profits and its stock jumped 4%. That paradox reveals something about how asset managers pay dividends that most income investors never stop to examine.
Blackstone Q3 distributable earnings fall
NEW YORK, October 22, 2026 — Blackstone (NYSE: BX) reported lower third-quarter distributable earnings as weaker investment exits offset growth in fee income, while quarterly inflows of $63.3 billion helped lift assets under management to $1.37 trillion.Distributable earnings per share fell 13% to $1.32, beating the $1.26 average analyst estimate compiled by LSEG, Reuters reported. The news agency said Blackstone shares fell 2.2% in premarket tr…
Blackstone (NYSE:BX) Releases Earnings Results, Misses Estimates By $0.43 EPS
Blackstone (NYSE:BX - Get Free Report) issued its quarterly earnings results on Thursday. The asset manager reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.43). Blackstone had a return on equity of 23.77% and a net margin of 21.84%. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.27 billion. During the same quarter in the prior year,…
Blackstone’s profit falls as choppy market tempers investment exits
Oct 22 (Reuters) - Blackstone, the world's largest alternative asset manager, posted a drop in third-quarter earnings on Thursday, as a turbulent market environment weighed on its ability to cash in on investments. Global markets have been roiled by s...
Coverage Details
Bias Distribution
- 80% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
