Blackstone Inc. (BX)
NYSEFinancialsAsset ManagementSnapshot 2026-07-08
$118.61-1.89%
Close 2026-07-08 · 1-day change
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Track BX free→Blackstone grows assets under management by 12% to $1.3 trillion. Fee earnings rose 23% to $1.5 billion. Performance revenues grew 70% year over year. The company returns $1.5 billion to shareholders each quarter.
Redemption requests and withdrawal limits may reduce fee earnings. Earnings missed estimates in Q1 2026. Capital deployment progress is mixed. These could slow growth and returns.
The price is about 21% above our fair value near $100. Analysts expect 18% revenue growth. Our fair value is 36% below the Street median price.
Breaks if: AUM falls below $1.127 trillion
Grow total and fee-earning assets under management through inflows and capital deployment across diversified strategies.
Stated as a priority in 6 of last 6 quarters. Total AUM increased from $1.127 trillion in 2024-Q4 to $1.304 trillion in 2026-Q1 (+12%), and Fee-Earning AUM grew from $830.7 billion to $937.6 billion (+9%) over the same period. The trajectory is delivering consistent growth aligned with management's stated focus on expanding AUM.
Breaks if: Capital return falls below $1.5 billion per quarter
Maintain disciplined capital return through dividends and share repurchases to shareholders.
Stated as a priority in 6 of last 6 quarters. Capital returned to shareholders included $1.5 billion in 2026-Q1 and $6.5 billion over the last twelve months via dividends and share repurchases. The company has consistently declared dividends and repurchased shares, delivering on its capital return commitments.
Breaks if: Fee Related Earnings fall below $1.3 billion
Sustain and increase fee related earnings through operational efficiency and growth in fee-earning assets.
Stated as a priority in 6 of last 6 quarters. Fee Related Earnings grew from $1.3 billion in 2025-Q1 to $1.5 billion in 2026-Q1 (+23%), and LTM FRE per share increased from $4.40 to $4.90 (+11%). This reflects delivering growth consistent with management's commitment to maintain and grow FRE.
Breaks if: Performance revenues grow less than 0%
Focus on growing realized performance revenues through strong investment performance and monetizations across asset classes.
Stated as a priority in 6 of last 6 quarters. Net Accrued Performance Revenues increased from $6.3 billion in 2024-Q4 to $7.0 billion in 2026-Q1, with realized performance revenues growing 70% year-over-year in 1Q26. The trajectory shows delivering growth consistent with management's stated focus on increasing realized performance revenues.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Total Assets Under Management of $1,304.0 billion, up 12% year-over-year.”
“Total Assets Under Management of $1,274.9 billion, up 13% year-over-year.”
“Total Assets Under Management of $1,241.7 billion, up 12% year-over-year.”
“Total Assets Under Management of $1,211.2 billion, up 13% year-over-year.”
“Total Assets Under Management of $1,167.5 billion, up 10% year-over-year.”
“Total Assets Under Management of $1,127.2 billion, up 8% year-over-year.”
“Dividend of $1.16 per share payable May 11, 2026; repurchased 0.2 million shares in the quarter; $1.5 billion distributed to shareholders in the quarter.”
“Dividend of $1.49 per share payable February 17, 2026; repurchased 0.2 million shares in the quarter; $2.0 billion distributed in the quarter.”
“Dividend of $1.29 per share payable November 10, 2025; repurchased 0.2 million shares in the quarter; $1.6 billion distributed in the quarter.”
“Dividend of $1.03 per share payable August 11, 2025; repurchased 0.2 million shares in the quarter; $1.4 billion distributed in the quarter.”
“Dividend of $0.93 per share payable May 5, 2025; repurchased 0.2 million shares in the quarter; $1.2 billion distributed in the quarter.”
“Dividend of $1.44 per share payable February 18, 2025; repurchased 0.3 million shares in the quarter; $1.9 billion distributed in the quarter.”
“Fee Related Earnings of $1.5 billion ($1.26/share) in the quarter, up 23% year-over-year.”
“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.”
“Appreciation across strategies led to higher Net Accrued Performance Revenues quarter-over-quarter of $7.0 billion ($5.69/share).”
“Appreciation across strategies led to higher Net Accrued Performance Revenues quarter-over-quarter of $6.7 billion ($5.49/share).”
“Net Accrued Performance Revenues of $6.5 billion ($5.30/share).”
“Appreciation across nearly all strategies led to higher Net Accrued Performance Revenues quarter-over-quarter of $6.6 billion ($5.37/share).”
“Appreciation across strategies led to higher Net Accrued Performance Revenues quarter-over-quarter of $6.4 billion ($5.24/share).”
“Net Accrued Performance Revenues declined quarter-over-quarter to $6.3 billion ($5.14/share) primarily due to realized distributions.”