Blackstone Inc. (BX)
NYSEFinancialsAsset ManagementSnapshot 2026-09-04
$136.15-1.11%
Close 2026-09-04 · 1-day change
NYSEFinancialsAsset ManagementSnapshot 2026-09-04
QuarterlyIQ Insights · BX
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks BX against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 67% of the time over the next year (vs 56% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 100% of the last 1 guided quarters · 26.7% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on growing realized performance revenues through strong investment performance and fund appreciation across strategies.
Stated as a priority in 8 of last 8 quarters. Net Accrued Performance Revenues increased from $6.3 billion in 2024-Q4 to $7.5 billion in 2026-Q2. Realized Performance Revenues grew 32% year-over-year in 2026-Q2. Management consistently emphasized investment performance and inflows driving growth, and the financials show delivering progress.
“Blackstone delivered an outstanding second quarter, highlighted by strong growth in earnings and nearly $70 billion of inflows.”
“Blackstone delivered outstanding first-quarter results despite the turbulent environment, highlighted by almost $70 billion of inflows and positive appreciation.”
“Blackstones extraordinary fourth-quarter results capped a record year for the firm with strong investment performance.”
“Blackstone reported an exceptional third quarter, highlighted by outstanding financial results and robust fund-raising momentum.”
“Blackstone delivered outstanding second-quarter results, reflective of the broader underlying expansion of the firms business and earnings power.”
“Blackstone reported another quarter of strong results despite turbulent markets with positive investment performance across all major strategies.”
“Blackstone reported one of the best quarters in our history with earnings growth accelerated sharply and highest fund appreciation in two-and-a-half years.”
Grow total and fee-earning assets under management through inflows and capital deployment across diversified strategies.
Stated as a priority in 8 of last 8 quarters. Total AUM grew from $1.11 trillion in 2024-Q3 to $1.35 trillion in 2026-Q2, and Fee-Earning AUM increased from $820 billion to $962 billion over the same period. Management consistently emphasized inflows and capital deployment, and the financials confirm delivering growth.
Sustain and increase fee related earnings per share through operational excellence and growth in fee-earning assets.
Stated as a priority in 8 of last 8 quarters. Fee Related Earnings increased from $1.2 billion in 2024-Q3 to $1.8 billion in 2026-Q2, and FRE per share rose from $0.96 to $1.43. Management consistently emphasized FRE growth, and the financials show delivering progress.
Maintain high levels of capital deployment and investment commitments across diversified asset classes to drive growth.
Stated as a priority in 8 of last 8 quarters. Capital deployment remained high with $34.2 billion deployed in 2026-Q2 and $138.5 billion over the last twelve months. Management has consistently emphasized sustaining investment activity, and the financials show delivering consistent deployment.
Continue returning capital to shareholders through quarterly dividends and share repurchase programs.
Stated as a priority in 8 of last 8 quarters. Management declared quarterly dividends increasing from $0.86 in 2024-Q3 to $1.29 in 2026-Q2 and repurchased shares each quarter. Total capital returned was $1.7 billion in 2026-Q2 and $6.9 billion over the last twelve months. The trajectory matches management's stated commitment.
Over the trailing year it converted 2.23x of net income into operating cash flow. Historically, Financials names rated robust grew net income 62% of the time over the next year (vs 56% for the rest of the cohort, n=6844).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
10 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated stable grew net income 56% of the time over the next year (vs 57% for the rest of the cohort, n=2725).
Not investment advice. As of 2026-09-04.
“Blackstone reported strong third-quarter results, highlighted by broad-based acceleration across our business.”
“Total Assets Under Management of $1,346.3 billion with inflows of $68.3 billion in the quarter.”
“Total Assets Under Management of $1,304.0 billion with inflows of $68.5 billion in the quarter.”
“Total Assets Under Management of $1,274.9 billion with inflows of $71.5 billion in the quarter.”
“Total Assets Under Management of $1,241.7 billion with inflows of $54.2 billion in the quarter.”
“Total Assets Under Management of $1,211.2 billion with inflows of $52.1 billion in the quarter.”
“Total Assets Under Management of $1,167.5 billion with inflows of $61.6 billion in the quarter.”
“Total Assets Under Management of $1,127.2 billion with inflows of $57.5 billion in the quarter.”
“Total Assets Under Management of $1,107.6 billion with inflows of $40.5 billion in the quarter.”
“Fee Related Earnings of $1.8 billion ($1.43/share) in the quarter.”
“Fee Related Earnings of $1.5 billion ($1.26/share) in the quarter.”
“Fee Related Earnings of $1.5 billion ($1.25/share) in the quarter.”
“Fee Related Earnings of $1.5 billion ($1.20/share) in the quarter.”
“Fee Related Earnings of $1.5 billion ($1.19/share) in the quarter.”
“Fee Related Earnings of $1.3 billion ($1.03/share) in the quarter.”
“Fee Related Earnings of $1.8 billion ($1.50/share) in the quarter.”
“Fee Related Earnings of $1.2 billion ($0.96/share) in the quarter.”
“Deployment of $34.2 billion in the quarter and $138.5 billion over the LTM.”
“Deployment of $35.6 billion in the quarter and $137.4 billion over the LTM.”
“Deployment of $42.2 billion in the quarter and $138.2 billion for the year.”
“Deployment of $26.6 billion in the quarter and $137.6 billion over the LTM.”
“Deployment of $33.1 billion in the quarter and $145.1 billion over the LTM.”
“Deployment of $36.4 billion in the quarter and $145.7 billion over the LTM.”
“Deployment of $41.6 billion in the quarter and $133.9 billion for the year.”
“Deployment of $34.0 billion in the quarter and $123.4 billion over the LTM.”
“Dividend of $1.29 per common share payable on August 10, 2026; repurchased 0.2 million shares in the quarter.”
“Dividend of $1.16 per common share payable on May 11, 2026; repurchased 0.2 million shares in the quarter.”
“Dividend of $1.49 per common share payable on February 17, 2026; repurchased 0.2 million shares in the quarter.”
“Dividend of $1.29 per common share payable on November 10, 2025; repurchased 0.2 million shares in the quarter.”
“Dividend of $1.03 per common share payable on August 11, 2025; repurchased 0.2 million shares in the quarter.”
“Dividend of $0.93 per common share payable on May 5, 2025; repurchased 0.2 million shares in the quarter.”
“Dividend of $1.44 per common share payable on February 18, 2025; repurchased 0.3 million shares in the quarter.”
“Dividend of $0.86 per common share payable on November 4, 2024; repurchased 1.0 million shares in the quarter.”