Blackstone Beats Q1 Estimates, AUM Climbs to $1.17 Trillion, Inflows Hit 3-Year High

Blackstone Inc. BX shares are trading higher after it reported first-quarter fiscal year segment revenues of $2.763 billion, up 8% year over year (Y/Y), beating the consensus of $2.689 billion.

Distributable earnings (DE) rose 11% Y/Y to $1.41 billion. Fee-related earnings increased 9% Y/Y to $1.26 billion.

Fee-related earnings fell 17% Y/Y in real estate while rising 26% Y/Y in the Credit & Insurance business and 51% Y/Y in the Private Equity segments.

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Net accrued performance revenue rose to $6.40 billion in the quarter from $6.08 billion in the prior year quarter.

Distributable earnings per share of $1.09 (+11% Y/Y), beating the consensus of $1.06.

Asset under management rose 10% Y/Y to $1.17 trillion, with inflows of $61.6 billion in the quarter.

Dividend: Blackstone declared a quarterly dividend per share of $0.93, payable on May 5, to shareholders of record as of April 28, 2025.

Buyback: The company repurchased 0.2 million shares in the first quarter, with $1.8 billion in available authorization remaining as of March 31, 2025.

As of March 31, 2024, Blackstone had $9.8 billion in total cash, cash equivalents, corporate treasury and other investments.

"Blackstone reported another quarter of strong results despite turbulent markets. Inflows reached $62 billion — the highest level in nearly three years — reflecting the deep trust we've built with our investors over decades. We also delivered positive investment performance across all of our major strategies,” said Stephen A. Schwarzman, chairman and CEO.

”We are well positioned to navigate the current environment with $177 billion of dry powder to deploy and a resilient, capital-light business model."

Investors can gain exposure to the stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO and Invesco Global Listed Private Equity ETF PSP.

Price Action: BX shares are up 2.03% at $132.00 premarket at the last check Thursday.

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