Blackstone Inc.: Miss — EPS $0.83, Revenue $3.06B
BXBlackstone Inc.•Q3 2026•Oct 22, 2026, 7:08 AM EDT
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Earnings MissQ3 2026 · Pre-market
Did Blackstone Inc. (BX) beat earnings today?
No, Blackstone Inc. (BX) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-34.13% surprise
$0.83Actual
Expected: $1.26
vs. year ago +3.8%
Total Revenue-8.13% surprise
$3.06BActual
Expected: $3.33B
vs. year ago -0.8%
Released Oct 22 · 7:08 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Total Revenues | $3.06B | $3.09B | -0.8 |
| Revenue detail — reported lines | |||
| └─Management and Advisory Fees, Net | $2.18B | $2.06B | +5.9 |
| └─Incentive Fees | $172.73M | $200.68M | -13.9 |
| └─Performance Allocations | $204.64M | $781.48M | -73.8 |
| └─Principal Investments | $369.73M | ($86.01M) | - |
| └─Interest and Dividend Revenue | $125.94M | $107.54M | +17.1 |
| └─Other | $11.74M | $28.70M | -59.1 |
| Net Income | $1.27B | $1.24B | +2.9 |
| Net Income Per Share of Common Stock, Basic | $0.83 | $0.80 | +4.0 |
| Net Income Per Share of Common Stock, Diluted | $0.83 | $0.80 | +3.8 |
Business Highlights
- ➤Flagship strategies outperformed comparable public market indices.
- ➤Established platforms targeting AI and energy infrastructure investment themes.
- ➤BREP acquired the Hyatt Regency Embarcadero in San Francisco.
- ➤BREP invested in a large European hotel owner.
- ➤Private Equity deployed capital into Urbaser, Falcata, and Eurowind Energy.
- ➤Credit & Insurance closed three new CLOs across Europe and the U.S.
- ➤Absolute Return outperformed the HFRX Global Hedge Fund Index in the quarter.
- ➤Repurchased 0.2 million common shares during the quarter.
- ➤Declared a quarterly $1.12 per-share dividend payable November 9, 2026.
Management Commentary
Stephen A. Schwarzman, Chairman and Chief Executive Officer
“Blackstone delivered strong third-quarter results amid a volatile external environment. Our flagship strategies outperformed comparable public market indices and inflows reached $63 billion, with positive momentum across our major fund-raising channels. We’ve established leading platforms to address the key investment themes powering the global economy and markets today – including AI and energy infrastructure – which gives our investors unique access to remarkable opportunities.”