Blackstone's Q2 2026 results mark a clear inflection point, with total revenue surging 69.5% year-over-year to $4.8B, driven by fee income that constitutes 97.2% of revenue. The firm's efficiency ratio improved to 36.8% from 59.7% in the prior quarter, demonst...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated 69.5% year-over-year in Q2 2026 to $4.8B, with fee income representing 97.2% of total revenue and EPS surging 60.2% to $1.57.
Blackstone reported record earnings in 2025, underscoring its robust financial health. Despite market volatility, the firm maintains resilient fundamentals, positioning it to capture upside in a recovering economy.
The firm’s assets under management span credit & insurance, private equity, and real estate, creating non‑correlated growth. This diversification fuels robust fee generation and cushions the business against sector‑specific downturns.
Private wealth AUM grew 16% year‑over‑year, and Blackstone commands an estimated 50% share of private‑wealth revenue among major alternative firms. This positions the firm to capture expanding wealth‑management demand.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | $1.52+13.4% vs $1.34 | $3.8B+11.1% vs $3.4B |
Q2 2026 Apr 23, 2026 | $1.36+1.5% vs $1.34 | $3.4B+0.7% vs $3.4B |
Q1 2026 Jan 29, 2026 | $1.75+13.6% vs $1.54 | $3.9B+7.1% vs $3.7B |
Q4 2025 Oct 23, 2025 | $1.52+23.6% vs $1.23 | $2.8B-9.6% vs $3.1B |
Blackstone stock has recently pulled back sharply. I detail why the market has been beating the BX stock price down. I also discuss why I think this presents investors with a golden buying opportunity.
Blackstone Inc. offers a compelling long-term growth outlook, supported by strong Q2 results and a robust dividend yield above 4%. BX benefits from the current inflationary macro environment, driving investor inflows into real assets and higher-return strategies. Fee-related earnings grew over 20% year-over-year, with AUM inflows of $68 billion in Q2 and expectations for continued strength.
A group of 10 banks is providing a $22 billion chip loan to support Blackstone and Alphabet's new cloud venture Crux AI, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
Blackstone NYSE: BX CFO Michael Chae said the firm sees a constructive backdrop for corporate profits, investment deployment and fundraising, citing accelerating earnings growth, expanding margins and demand for capital across infrastructure, private credit and private wealth markets.
Benchmark BX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Blackstone Inc. (BX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $124.01 | $97.69B | 31.96 | 21.87% | 22.67% | 14.59% | 6.21% | |
| $98.44 | $88.39B | 42.07 | -7.47% | 18% | 3.96% | — | |
| $124.15 | $71.51B | 17.10 | 15.78% | 8.54% | 7.06% | — | |
| $40.23 | $14.48B | 18.45 | 40.31% | 10% | 5.11% | — | |
| $124.72 | $40.96B | 63.63 | 96.21% | 9.97% | 7.43% | — | |
| $45.62 | $17.49B | 37.70 | 79.63% | 4.68% | 4.88% | — |
Blackstone Inc. (BX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Blackstone Inc. (BX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 23, 2026·SEC
Jun 23, 2026·SEC
Apr 23, 2026·SEC
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Blackstone Inc. (BX) stock FAQ — growth, dividends, profitability & financials explained
Blackstone Inc. (BX) grew revenue by 21.9% over the past year. This is strong growth.
Yes, Blackstone Inc. (BX) is profitable, generating $3.52B in net income for fiscal year 2025 (22.7% net margin).
Yes, Blackstone Inc. (BX) pays a dividend with a yield of 6.21%. This makes it attractive for income-focused investors.
Blackstone Inc. (BX) has a return on equity (ROE) of 14.6%. This is reasonable for most industries.
Blackstone Inc. (BX) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.
Blackstone Inc. (BX) has an efficiency ratio of 35.4%. This is excellent, indicating strong cost control.
