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Sep 30
BlackStone Q3 2025 Earnings Report
Blackstone reported strong inflows, robust earnings, and growth in fee-earning assets in Q3 2025.
Key Takeaways
Blackstone delivered solid results in Q3 2025 with $54.2 billion in inflows, a 12% increase in total AUM year-over-year, and distributable earnings of $1.89 billion. The firm also declared a $1.29 dividend per share.
Total AUM rose to $1.24 trillion, up 12% year-over-year
Distributable earnings reached $1.89 billion in the quarter
Inflows totaled $54.2 billion for Q3 2025
Fee-earning AUM climbed to $906.2 billion
BlackStone
BlackStone
BlackStone Revenue by Segment
Revenue by Segment
Mgmt & Advisory Fees Revenue
CapyFin.comFee Perf. Revenue
CapyFin.com Forward Guidance
Blackstone remains confident in future growth, citing strong fundraising and deployment momentum, though market conditions may pose near-term challenges.
Positive Outlook
- Strong investment performance across private equity and credit
- Continued growth in perpetual capital AUM
- Robust dry powder of $188.1 billion for future investments
- Increased fee-related earnings to $1.48 billion
- Momentum in infrastructure and insurance platforms
Challenges Ahead
- Lower performance allocations versus prior year
- Slight decline in real estate opportunistic fund valuations
- Net income attributable to Blackstone Inc. down from Q3 2024
- Decreased principal investment returns in GAAP results
- Higher compensation and general expenses impacting margins