Blackstone (BX) Stock Overview
An alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
Last Earnings Call
Q2 2026 · 23 Jul 2026Financial Results and Key Metrics
Blackstone reported Q2 2026 distributable earnings of $2 billion ($1.52/share), a 26% year-over-year increase, with fee-related earnings rising 22% to $1.8 billion. Total assets under management reached a record $1.35 trillion, up 11% year-over-year, supported by $70 billion in quarterly inflows. The firm declared a dividend of $1.29 per share. Performance was driven by large-scale investments in AI infrastructure, including data centers, energy, and power.
Management Outlook
Management remains highly optimistic, framing Blackstone as the leading provider of private capital for the historic AI-driven industrial transformation. Executives emphasized a "coiled spring" of embedded growth heading into 2027, citing strong fundraising momentum in perpetual strategies, private credit, and infrastructure. While near-term IPO and realization activity has faced geopolitical headwinds, leadership anticipates a robust acceleration in realizations in Q4 2026 and 2027 as the IPO market strengthens.
Analyst Consensus vs. Actual Results
- Revenue: Actual fee revenue was $3 billion. The analyst consensus was $2.85 billion; therefore, Blackstone beat revenue estimates.
- EPS: Actual EPS was $1.52. The analyst consensus was $1.45; therefore, Blackstone beat EPS estimates.
Market Reaction
Blackstone shares rose by approximately 3.2% on July 23, 2026. Analysts cited the firm's strong beat on earnings and robust growth in its AI-focused infrastructure and data center platforms as the primary drivers of investor confidence and the subsequent stock price increase.
BX Community Fair Values
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Analyst Price Targets
Blackstone Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$141.66 |
| 52 Week High | US$190.09 |
| 52 Week Low | US$101.73 |
| Beta | 1.55 |
| 1 Month Change | 15.09% |
| 3 Month Change | 15.40% |
| 1 Year Change | -16.70% |
| 3 Year Change | 44.49% |
| 5 Year Change | 23.44% |
| Change since IPO | 304.05% |
Recent News & Updates
Recent updates
Narrative Update • Jul 27
BX: AI Infrastructure Deals And Fee Stability Will Shape Future Execution Risks
Blackstone's analyst fair value estimate has been nudged up from $116 to $119 as analysts factor in recent price target increases, stronger than expected Q2 transaction fees and fundraising, and updated earnings assumptions that reflect resilient fee streams and a more constructive outlook on alternative asset managers. Analyst Commentary Recent Street research on Blackstone points to a mixed picture, with several firms lifting price targets after Q2 results while others highlight risks around flows, valuation, and earnings visibility.Seeking Alpha • Jul 24
A Golden Opportunity To Buy The King Of Alternative Asset Managers: Blackstone
Summary Blackstone reported very strong Q2 results. However, it remains out of favor with Mr. Market. I take a look at the headwinds and share why I believe that the current stock price weakness presents a golden buying opportunity. Read the full article on Seeking Alpha
Narrative Update • Jul 13
BX: Private Wealth And AI Infrastructure Deals Will Sustain Earnings Power
For Blackstone, the analyst price target in the model edged lower by about $5 to $177.81, as analysts recalibrated assumptions for growth, margins, and future P/E multiples in light of recent sector-wide target cuts and the view that some high-quality alternative asset managers remain undervalued, despite mixed earnings quality. Analyst Commentary Recent research on Blackstone points to a mix of recalibrated targets and ongoing support for the business model, with several firms highlighting selective opportunities in alternative asset managers even as they adjust assumptions around earnings quality and valuation.
Narrative Update • Jun 29
BX: AI Data Center Buildout Will Drive Future Earnings Resilience
The updated analyst price target for Blackstone has shifted from about $162 to $143, reflecting a recalibration that balances softer earnings quality and trimmed estimates across several firms with ongoing support from BREIT fee-related revenue and recent target increases by some banks. Analyst Commentary Recent research on Blackstone points to a mixed but constructive tone, with analysts weighing the quality of current earnings against fee-related growth drivers such as BREIT.Analysis Article • Jun 20
Blackstone (BX) Stock Could Be 23.7% Undervalued After Credit Launch And Real Estate Hire
Why Blackstone’s latest hiring move and credit launch matter for investors Blackstone (BX) is drawing attention after expanding its private credit platform with SablePointe Credit Strategies and hiring Carey S. Roberts as Senior Managing Director and General Counsel for its real estate business. Together, these developments highlight how the company is placing more emphasis on private lending and real estate, two areas that already account for large portions of its US$14.4b in revenue across...Narrative Update • Jun 15
BX: AI Infrastructure Deals And Private Credit Flows Will Shape Future Execution Risks
Analysts have trimmed their average price targets on Blackstone by double digit dollar amounts, with recent cuts such as TD Cowen's move to $133 from $140 reflecting updated models that acknowledge solid long term earnings power while pointing to weaker current earnings quality across alternative asset managers. Analyst Commentary Across Wall Street, Blackstone is drawing mixed reactions, with some firms trimming targets while others make more moderate upward adjustments.Narrative Update • Jun 01
BX: Retail Credit Flows And AI Financing Deals Will Shape Future Execution Risks
Analysts have trimmed the Blackstone fair value estimate by $2 to $116, reflecting slightly softer revenue growth assumptions, a modestly lower discount rate, and a reduced future P/E multiple. These factors are partly offset by a small improvement in projected profit margins and a wave of recent Street price target cuts alongside a few upward revisions.Narrative Update • May 08
BX: Private Wealth And AI Partnerships Will Offset Redemption Concerns
Blackstone's updated analyst price target has shifted to $183.06 from $202.91, reflecting analysts' recent recalibration of growth, margins and P/E assumptions following a mix of price target cuts and selective raises across the Street. Analyst Commentary Recent research has been mixed, but there is a clear pocket of optimism emerging around Blackstone, especially from bullish analysts who see current pricing and recent volatility as an entry point rather than a warning sign.Narrative Update • Apr 21
BX: Future Fee Pressures And AI Deal Pipeline Will Shape Execution Risks
Analysts have reduced the Blackstone fair value estimate from $156 to $118, citing lower assumed revenue growth, slimmer profit margins, and a more conservative future P/E multiple in light of recent price target cuts across several firms, alongside one upgrade highlighting share price dislocation. Analyst Commentary Recent Street research on Blackstone reflects a mix of cautious and constructive views, with several bearish analysts trimming price targets while a few larger banks and an upgrade highlight more balanced or supportive stances.Narrative Update • Apr 07
BX: Private Wealth And AI Exposure Will Offset Redemption Headwinds
Blackstone's updated fair value moved from about $204.21 to $202.91 per share as analysts trimmed price targets across the group, citing higher redemption activity in BCRED, softer expected management fee flows, and revised earnings assumptions for business development company exposures. Analyst Commentary Recent research updates around Blackstone point to a mix of caution on near term flows and fees, paired with ongoing interest in the firm's scale positions across alternatives and private wealth.Narrative Update • Mar 24
BX: Private Wealth Platform Will Offset Redemption Pressure Over Time
Blackstone's updated fair value estimate has shifted higher to $204.21, with analysts pointing to mixed signals from BCRED redemption and fee headwinds on one side, and ongoing support for the broader alternatives and private wealth platform on the other, as key drivers of the revised price target framework. Analyst Commentary Recent research on Blackstone has centered on BCRED redemption activity, fee sensitivity and how these factors feed into valuation for a large alternatives platform.Narrative Update • Mar 09
BX: AI Exposure And Active Deal Pipeline Will Support Future Resilience
Analysts trimmed our Blackstone fair value estimate to $162.26 per share from $166.72, reflecting a slightly higher discount rate, a modestly lower future P/E assumption of 15.62, and recent Street concerns around weaker flows and management fee headwinds linked to BCRED redemptions. Analyst Commentary Recent research paints a mixed picture for Blackstone, with price targets and commentary clustering around two themes: how well the firm can manage current redemption pressures in its wealth products, and how effectively it can still grow and monetize its broader alternatives platform over time.Narrative Update • Feb 23
BX: Large AI And Deal Pipeline Will Support Long-Term Resilience
The analyst price target for Blackstone has been trimmed by about $4 to reflect a slightly lower fair value estimate of roughly $166.72, as analysts reset their targets across alternative asset managers following recent broad based reductions from several firms. Analyst Commentary Recent Street research on Blackstone has centered on recalibrating price targets, with several firms tightening their views around execution, growth prospects, and the valuation investors are willing to pay for the business.Narrative Update • Feb 09
BX: New Large Deals And Realizations Will Support Long-Term Resilience
Analysts have trimmed their price expectations for Blackstone, with the updated fair value estimate moving from about $179.78 to $171.00 as they factor in lower assumed revenue growth, a slightly reduced future P/E, and higher profit margins supported by recent target cuts from several major firms across the alternative asset manager group. Analyst Commentary Recent research on Blackstone has focused on resetting expectations rather than making wholesale calls on the business.Analysis Article • Feb 02
Blackstone (NYSE:BX) Is Increasing Its Dividend To $1.49
Blackstone Inc. ( NYSE:BX ) has announced that it will be increasing its dividend from last year's comparable payment...Narrative Update • Jan 25
BX: Future Deals And Fee Margins Will Balance Execution And Integration Risks
Narrative update on Blackstone Analysts have trimmed their blended price target for Blackstone by about $10 to reflect modestly lower assumed fair value and P/E multiples, while still pointing to ongoing revenue growth expectations and updated views following recent target resets at several firms. Analyst Commentary Recent Street research has tilted more cautious on Blackstone, with several bearish analysts trimming price targets and highlighting pockets of execution and deal related risk.Narrative Update • Jan 11
BX: Future Deals And Fee Margins Will Shape Balanced Return Outlook
Narrative Update Our Blackstone analyst price target is adjusted slightly lower from $167 to $166. This reflects analysts' mixed but generally constructive research updates that balance modest target trims tied to margin and fee concerns with higher targets supported by expectations for improving realizations and a recovering capital markets backdrop.Narrative Update • Dec 26
BX: Future Deal Activity And Fee Margins Will Drive Returns Balance
Analysts have made a modest upward revision to their Blackstone price target, raising fair value by $3 to $167 per share, as they balance slightly stronger long term growth and margin assumptions against near term concerns around fee growth and capital markets volatility. Analyst Commentary Recent Street research highlights a divided view on Blackstone, with some bearish analysts trimming price targets and stressing execution and growth risks even as others lift their expectations on the back of resilient alternative asset flows and an improving capital markets backdrop.Narrative Update • Dec 12
BX: Mixed Fee Momentum And Deals Will Shape Future Performance Outlook
Analysts have raised their price target on Blackstone to about $164, up from roughly $125, citing expectations for faster revenue growth, stronger profit margins, and a more attractive future earnings multiple, despite mixed short term views on fee momentum and fundraising. Analyst Commentary Recent Street research presents a mixed picture, with some firms lifting long term valuation targets on expectations for a healthier capital markets backdrop, while others trim their outlooks in response to nearer term margin and fee growth pressures.Narrative Update • Nov 08
BX: Portfolio Repositioning And New Deals Will Drive Long-Term Resilience
Analysts have slightly increased their price target for Blackstone, raising it by approximately $1 to $179.78. They cite steady forecast margins and a stable growth outlook amid mixed near-term industry views.Analysis Article • Oct 28
Blackstone's (NYSE:BX) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Blackstone Inc. ( NYSE:BX ) has announced that it will be paying its dividend of $1.29 on the 10th of...Narrative Update • Oct 25
Recent Partnerships And Capital Flows Will Shape New Opportunities Ahead
Blackstone's average analyst price target has been adjusted modestly lower, decreasing by approximately $3 to $178.79. Analysts cite factors such as margin pressure, shifting management fee expectations, and a mixed outlook for future results despite ongoing portfolio growth.Shareholder Returns
| BX | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 5.2% | 0.9% | 2.2% |
| 1Y | -16.7% | 1.6% | 20.9% |
Return vs Industry: BX underperformed the US Capital Markets industry which returned 1.6% over the past year.
Return vs Market: BX underperformed the US Market which returned 20.9% over the past year.
Price Volatility
| BX volatility | |
|---|---|
| BX Average Weekly Movement | 5.5% |
| Capital Markets Industry Average Movement | 3.5% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: BX has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: BX's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | 5,285 | Steve Schwarzman | www.blackstone.com |
Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth, turnaround, and later stage companies. It also provide capital markets services.
Blackstone Inc. Fundamentals Summary
| BX fundamental statistics | |
|---|---|
| Market cap | US$170.56b |
| Earnings (TTM) | US$3.52b |
| Revenue (TTM) | US$15.48b |
32.2x
P/E Ratio7.3x
P/S RatioIs BX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BX income statement (TTM) | |
|---|---|
| Revenue | US$15.48b |
| Cost of Revenue | US$0 |
| Gross Profit | US$15.48b |
| Other Expenses | US$11.96b |
| Earnings | US$3.52b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.40 |
| Gross Margin | 100.00% |
| Net Profit Margin | 22.73% |
| Debt/Equity Ratio | 64.5% |
How did BX perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield117%
Payout RatioDoes BX pay a reliable dividends?
See BX dividend history and benchmarks| Blackstone dividend dates | |
|---|---|
| Ex Dividend Date | Aug 03 2026 |
| Dividend Pay Date | Aug 10 2026 |
| Days until Ex dividend | 8 days |
| Days until Dividend pay date | 1 day |
Does BX pay a reliable dividends?
See BX dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/10 03:59 |
| End of Day Share Price | 2026/08/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Blackstone Inc. is covered by 39 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Roger Freeman | Barclays |
| Benjamin Budish | Barclays |