Blackstone's first quarter 2026 Distributable EPS of $1.36 beat estimates, driven by strong inflows and 23% growth in Fee-Related Earnings.

Blackstone reported first quarter 2026 Distributable Earnings (DE) of $1.8 billion, or $1.36 per share, on GAAP revenues of $3.62 billion. Total Assets Under Management (AUM) grew 12% year-over-year to $1.3 trillion, supported by significant capital inflows during the period.

Key Highlights

• The firm attracted substantial capital with inflows of $68.5 billion in the quarter, bringing the last-twelve-month total to $246.3 billion.
• Fee-Related Earnings (FRE), a key measure of recurring revenue, increased 23% year-over-year to $1.5 billion.
• Perpetual Capital AUM, a source of long-duration capital, grew 16% from the prior year to $539.7 billion.