Blackstone (NYSE: BX) reported $63.3 bn in inflows for the third quarter of 2026, bringing total assets under management (AUM) to $1.368 tn as the alternative investment manager continued attracting capital across its major investment strategies.
Distributable earnings totaled $1.7 bn, equivalent to $1.32 per share, while fee-related earnings reached $1.6 bn, or $1.26 per share.
- Blackstone’s assets under management increased to $1.368 tn in Q3 2026, supported by $63.3 bn in quarterly inflows.
- Distributable earnings reached $1.7 bn, or $1.32 per share, while fee-related earnings totaled $1.6 bn.
- Blackstone declared a quarterly dividend of $1.12 per share, payable November 9, 2026.
The company reported strong investment performance across its flagship strategies despite volatility in global financial markets.
Chairman and CEO Stephen Schwarzman said the firm’s investment platforms were positioned to benefit from major economic trends, including artificial intelligence and energy infrastructure.
Blackstone’s assets under management reach $1.37 tn
Blackstone ended September 2026 with $1.368 tn in total AUM, representing approximately 10% growth year over year. Fee-earning AUM reached $989.7 bn, while perpetual capital AUM totaled $562.3 bn.
The company attracted $63.3 bn in new capital during the quarter, taking inflows over the previous 12 months to $271.6 bn. Blackstone deployed $30.1 bn during the quarter and realized $33.1 bn from investments.
Over the preceding 12 months, investment deployment reached $142 bn, while realizations totaled $147 bn.
Blackstone Q3 2026 financial results
| Financial metric | Q3 2026 |
|---|---|
| Total assets under management | $1.368 tn |
| Fee-earning AUM | $989.7 bn |
| Perpetual capital AUM | $562.3 bn |
| Quarterly inflows | $63.3 bn |
| Investment deployment | $30.1 bn |
| Investment realizations | $33.1 bn |
| Distributable earnings | $1.7 bn |
| Distributable earnings per share | $1.32 |
| Fee-related earnings | $1.6 bn |
| Quarterly dividend per share | $1.12 |
Blackstone reports $1.7 bn in distributable earnings
Blackstone generated $1.7 bn in distributable earnings during the third quarter, compared with $7.7 bn over the preceding 12 months.
Fee-related earnings reached $1.6 bn for the quarter and $6.4 bn over the previous year. The company also reported $7.3 bn in net accrued performance revenues, representing $5.84 per share.
Schwarzman said Blackstone’s flagship investment strategies outperformed comparable public market indices during the quarter. Fundraising momentum remained positive across the firm’s principal distribution channels, including institutional and private wealth investors.
Blackstone continues to expand investment platforms focused on infrastructure, private equity, real estate, credit and other alternative assets.
Blackstone targets AI and energy infrastructure investment opportunities
Blackstone identified artificial intelligence and energy infrastructure among the major investment themes driving capital demand and investment opportunities.
The company has developed investment platforms designed to provide institutional and individual investors with exposure to these sectors.
Schwarzman emphasized that Blackstone’s scale and specialized capabilities allow the firm to pursue opportunities associated with structural changes in the global economy.
The focus comes as demand for AI computing capacity, data centers and supporting energy infrastructure increases capital requirements across technology and industrial markets.
Blackstone announces $1.12 quarterly dividend
Blackstone declared a quarterly dividend of $1.12 per common share for the third quarter of 2026. The dividend is payable on November 9 to shareholders of record as of November 2. Over the preceding 12 months, Blackstone declared dividends totaling $5.06 per share.
The company also repurchased approximately 200,000 common shares during the third quarter and 800,000 shares over the previous 12 months.
Combined dividends and share repurchases represented approximately $1.5 bn in capital returns associated with the quarter and $6.7 bn over the trailing 12 months.
Blackstone’s third-quarter results reflect continued fundraising activity and growth in managed assets, with the firm maintaining its focus on investment strategies linked to private markets, AI infrastructure and long-term capital demand.
