Blackstone's second quarter 2026 earnings beat estimates as strong inflows pushed AUM to a record $1.35 trillion.

Blackstone reported second quarter Distributable Earnings (DE) of $2.0 billion, or $1.52 per share, on Total Segment Revenues of $3.8 billion. The firm's Total Assets Under Management (AUM) grew 11% year-over-year to $1.35 trillion, supported by significant capital inflows during the period.

Key Highlights

• Distributable Earnings of $1.52 per share beat consensus estimates of $1.31, increasing 26% year-over-year on strong performance.
• Total Assets Under Management reached a record $1.35 trillion, up 11% YoY, driven by strong quarterly inflows of $68.3 billion.
• Fee Related Earnings (FRE), a key metric of stable revenue, grew 22% year-over-year to $1.8 billion for the quarter.
• The firm announced a quarterly dividend of $1.29 per share.