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Mar 31
BlackStone Q1 2025 Earnings Report
Blackstone delivered strong inflows and earnings growth amid challenging markets.
Key Takeaways
Blackstone posted solid Q1 results, highlighted by record inflows of $61.6 billion, a year-over-year increase in distributable earnings, and continued strength in private equity and credit strategies.
Segment revenue reached $2.76 billion in Q1, up 8% YoY.
Distributable Earnings totaled $1.41 billion, or $1.09 per share.
Total AUM rose to $1.167 trillion, with $61.6 billion in inflows.
Net income under GAAP was $1.21 billion, down from $1.6 billion YoY.
BlackStone
BlackStone
BlackStone Revenue by Segment
Revenue by Segment
Management & Advisory Fees Revenue
CapyFin.comFee Related Performance Revenue
CapyFin.com Forward Guidance
Blackstone is positioned to continue capital deployment and growth amid macroeconomic uncertainty, supported by strong investor demand and robust fundraising.
Positive Outlook
- Record inflows of $62B show strong investor confidence.
- Perpetual capital AUM rose 14% YoY to $464.4B.
- Credit and Insurance segment posted 76% YoY growth in earnings.
- Private Equity AUM grew 16% to $371B.
- $177B in dry powder supports future opportunities.
Challenges Ahead
- GAAP net income declined YoY from $1.6B to $1.2B.
- Revenue from principal investments dropped from $540M to $344M.
- Real Estate segment earnings fell 20% YoY.
- Performance allocations were lower compared to prior year.
- Volatility in markets may affect realization timelines.