Blackstone reports $2 billion distributable earnings in Q2 2026; assets under management hit record $1.35 trillion

Blackstone, the world's largest alternative asset manager, released its second-quarter 2026 results on Thursday, 23 July. The firm's distributable earnings reached $2 billion ($1.52 per share), up 26% from a year earlier, while fee-related earnings rose 22%.

Assets under management climbed to a record $1.35 trillion on $68.3 billion of new capital inflows in the quarter, growth the firm attributed largely to investment in AI-related areas such as data centres and energy. Net income attributable to Blackstone was $1.23 billion, against $764 million a year earlier. The board declared a cash dividend of $1.29 per share for shareholders of record as of 3 August.