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Blackstone Group (BX)
NYSE:BX
Earnings Data
Report Date
Apr 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.38Last Year’s EPS
1.09Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized record financial results, strong fundraising, significant AUM growth, robust investment performance across credit, infrastructure, and private equity, and accelerating deal activity and realizations. Management acknowledged real estate's slow recovery, some sector-specific headwinds, retail redemption sensitivity in certain credit vehicles, and dependence on a few one-time monetizations. On balance, the firm presented multiple structural tailwinds (AI infrastructure, private markets adoption, and institutional demand), clear momentum in fee growth and inflows, and a constructive outlook for 2026–2027.Company Guidance
Record Distributable Earnings and Strong Quarterly Results
GAAP net income of $2.0 billion in Q4; distributable earnings (DE) of $2.2 billion in Q4 ($1.75 per common share). Full-year DE grew ~20% to $7.1 billion, or $5.57 per share — the best year in the firm's history.
Exceptional Fundraising and Inflows
Inflows reached $71 billion in Q4 (the highest level in 3.5 years) and roughly $239–$240 billion for the full year, lifting momentum across institutional, private wealth, and insurance channels.
Assets Under Management Growth
AUM increased 13% year-over-year to a record of approximately $1.275 trillion (nearly $1.3 trillion), reflecting broad-based fundraising and product expansion.
Fee-Related Earnings and Management Fee Expansion
Q4 fee-related earnings (FRE) of $1.5 billion ($1.25 per share); management fees of $2.1 billion in Q4, up 11% YoY. Full-year FRE grew 9% to $5.7 billion and management fees rose 12% to $8.0 billion; FRE margin expanded over 100 basis points to a record full-year level.
Strong Investment Performance Across Key Businesses
Infrastructure appreciated 24% for 2025 (8.4% in Q4); corporate private equity up 14% for 2025 (5% in Q4); BXMA composite returned ~13% for 2025 and positive for 23 consecutive quarters.
Credit Platform Momentum and Performance
Total credit AUM of $520 billion, up 15% YoY; full-year non-investment grade private credit gross return 11% and real estate credit 17%. Direct lending realized losses were minimal at ~11 basis points over the last 12 months.
Private Wealth Channel Acceleration
Private wealth fundraising rose 53% YoY to $43 billion in 2025; private wealth AUM grew 16% YoY to over $300 billion. Notable products: BCRED gross sales $3.3 billion in Q4 and record $14 billion gross sales for full year; BXP annualized net return ~17% since inception and $18 billion AUM.
Deployment and Investment Activity
Invested $138 billion across the firm in 2025 (highest level in four years) and closed/signed eight privatizations including the $18 billion WholeLogic acquisition and the $7.2 billion Medline IPO, which traded +40% on day one.
Realizations and Monetizations Accelerating
Net realizations rose 59% YoY in Q4 to $957 million and increased ~50% for the full year to $2.1 billion, driven by several realizations (Resolution Life stake, Las Vegas asset, life sciences royalties, and BXMA crystallizations).
BX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $145.10 | $141.30 | -2.62% |
Oct 23, 2025 | $158.46 | $151.85 | -4.17% |
Jul 24, 2025 | $167.47 | $173.46 | +3.58% |
Apr 17, 2025 | $125.12 | $126.10 | +0.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Blackstone Group (BX) report earnings?
Blackstone Group (BX) is schdueled to report earning on Apr 16, 2026, Before Open (Confirmed).
What is Blackstone Group (BX) earnings time?
Blackstone Group (BX) earnings time is at Apr 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BX EPS forecast?
BX EPS forecast for the fiscal quarter 2026 (Q1) is 1.38.
