Blackstone Q2 2026: revenue up 35.9%, EPS $1.54 beats $1.39 estimate
Blackstone's second quarter was a blowout: revenue of $5.04 billion, up 35.9%, and diluted EPS of $1.54, 57.1% higher and $0.15 above the $1.3904 consensus. The catch is where the money came from — $1.95 billion of performance allocations, which are marks, not fees. Read the quarter as a strong but lumpy one, with the fee engine still growing.
1 · Expected vs. Actual
Free preview belowDiluted GAAP EPS was $1.54 against $0.98 a year ago, a 57.1% increase, and $0.15 above the $1.3904 consensus estimate. Net income attributable to Blackstone Inc. was $1.23 billion, up 60.8% from $0.76 billion; total GAAP net income, including the $1.12 billion that went to non-controlling interests, was $2.36 billion. Management's distributable earnings came to $1.52 per share.
Revenue was $5.04 billion, up 35.9% from $3.71 billion a year earlier and 39.4% above the $3.62 billion reported in the prior quarter. The jump came mostly from performance allocations, which rose 70.8% to $1.95 billion, while management and advisory fees grew a steadier 11.3% to $2.27 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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