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Blackstone Inc. (BX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

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Blackstone Inc. (BX - Free Report) reported $3.43 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 24.2%. EPS of $1.36 for the same period compares to $1.09 a year ago.

The reported revenue represents a surprise of +3.26% over the Zacks Consensus Estimate of $3.32 billion. With the consensus EPS estimate being $1.35, the EPS surprise was +1.05%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Blackstone Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Fee-Earning Assets Under Management Rollforward - Private Equity: $255.84 billion compared to the $247.77 billion average estimate based on four analysts.
  • Fee-Earning Assets Under Management Rollforward - Real Estate: $277.50 billion compared to the $281.49 billion average estimate based on four analysts.
  • Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions (Multi-Asset Investing): $91.00 billion versus $87.52 billion estimated by four analysts on average.
  • Fee-Earning Assets Under Management Rollforward - Credit & Insurance: $313.26 billion versus $328.50 billion estimated by four analysts on average.
  • Segment Revenues- Realized Principal Investment Income: $31.97 million versus $26.42 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -72.9% change.
  • Segment Revenues- Credit & Insurance- Total Management Fees, Net: $508.49 million versus the four-analyst average estimate of $541.14 million. The reported number represents a year-over-year change of +13.7%.
  • Segment Revenues- Private Equity- Base Management Fees: $659.99 million compared to the $654.38 million average estimate based on four analysts. The reported number represents a change of +14.1% year over year.
  • Segment Revenues- Multi-Asset Investing- Total Management Fees, Net: $144.92 million versus the four-analyst average estimate of $144.16 million. The reported number represents a year-over-year change of +18.5%.
  • Segment Revenues- Real Estate- Total Management Fees, Net: $677.48 million versus the four-analyst average estimate of $684.38 million. The reported number represents a year-over-year change of -3.3%.
  • Segment Revenues- Private Equity- Total Management Fees, Net: $801.92 million versus $740.04 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +29% change.
  • Segment Revenues- Total Management and Advisory Fees, Net: $2.13 billion versus the four-analyst average estimate of $2.11 billion. The reported number represents a year-over-year change of +12.7%.
  • Segment Revenues- Base Management Fees: $1.95 billion versus the four-analyst average estimate of $1.97 billion. The reported number represents a year-over-year change of +8%.

View all Key Company Metrics for Blackstone Inc. here>>>

Shares of Blackstone Inc. have returned +19.7% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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