https://assets.capyfin.com/instruments/678fdc13234e27009c5d58d6.png avatar
BlackStone
🇺🇸 NYSE:BX
View Company
OverviewEarningsDividends
•
Jun 30, 2021

BlackStone Q2 2021 Earnings Report

Blackstone reported outstanding results driven by strong investment performance and innovation, broadening its client base and investment types, resulting in record AUM and elevated earnings.

Key Takeaways

Blackstone reported strong Q2 2021 results, achieving its best-ever quarter of fund appreciation. The firm's AUM grew by 21% year-over-year to a record $684 billion, driven by strong investment performance and a culture of innovation that has broadened its client base and investment capabilities.

GAAP Net Income was $2.9 billion.

Fee Related Earnings (FRE) reached $704 million ($0.58/share), up 30% year-over-year.

Distributable Earnings (DE) were $1.1 billion ($0.82/share), up 95% year-over-year.

Total Assets Under Management (AUM) hit $684.0 billion, a 21% increase year-over-year.

Total Revenue
$2.12B
Previous year: $2.52B
-15.8%
EPS
$0.82
Previous year: $0.43
+90.7%
Total AUM
$684B
Fee-Earning AUM
$499B
Gross Profit
$1.84B
Previous year: $1.17B
+57.1%
Cash and Equivalents
$2.47B
Previous year: $1.98B
+24.8%
Free Cash Flow
$886M
Previous year: $478M
+85.1%
Total Assets
$33.3B
Previous year: $28.8B
+15.4%

BlackStone

BlackStone

BlackStone Revenue by Segment

Forward Guidance

This report contains forward-looking statements subject to risks and uncertainties, including the impact of COVID-19, as detailed in the company's SEC filings.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View BlackStone