Blackstone's Q2 revenue up 35% to $5.04 billion

 Blackstone Inc. announced on Thursday that its total revenue for the second quarter of fiscal 2026 jumped by 35.8% year-over-year, rising to $5.04 billion.

GAAP net income attributable to Blackstone reached $1.2 billion, while diluted earnings per share (EPS) stood at $1.54, up from $0.98 in the same period last year. Assets under management (AUM) climbed to $1.35 trillion, with $68.3 billion of inflows recorded in the quarter. Distributable earnings rose 26% year-over-year to $1.98 billion, or $1.52 per share. The company also declared a quarterly dividend of $1.29 per share.

"Blackstone delivered an outstanding second quarter, highlighted by strong growth in earnings and nearly $70 billion of inflows. Our decision to lean into the artificial intelligence megatrend is leading to standout investment performance across numerous strategies and creating extraordinary opportunities for growth. We've become a trusted partner at scale to many of the key innovators in this ecosystem, which positions our firm extremely well for the future," CEO Stephen Schwarzman said. Blackstone's shares decreased by 2.05% in premarket to $120.36 apiece following the release of the report.

https://breakingthenews.net/Article/Blackstone's-Q2-revenue-up-35-to-dollar5.04-billion/66759601