Blackstone’s Quarterly Profit Gets Boost From Asset Pile, AI Investment Gains
Blackstone said assets reached $1.35 trillion as monetization deals and AI-linked investments lifted distributable earnings 26% to $1.52 per share.
- On Thursday, July 23, 2026, Blackstone reported second-quarter distributable earnings rose 26% to $1.97 billion, surpassing analyst expectations of $1.66 billion; CEO Stephen Schwarzman called it an "outstanding second quarter" fueled by nearly $70 billion in inflows.
- Profits surged as Blackstone leaned into the artificial intelligence megatrend, complemented by successful asset sales; deals involving Digital Realty and Sabre Industries pushed monetization proceeds to $31.8 billion.
- Total assets under management increased 11% to nearly $1.35 trillion, driven by the quarter's inflows; infrastructure business returns outperformed at 7.2% in the second quarter.
- While BCRED private credit fundraising remained muted at $1 billion, the overall strategy delivered robust results with a 6.8% gross return over the last 12 months.
- Blackstone continues deploying capital into the AI ecosystem, including a $5 billion venture with Alphabet Inc.'s Google; the firm also plans to invest $30 billion in artificial intelligence data centers in Japan.
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Blackstone’s AI Bet Fuels Blowout Growth While Rivals Grapple With “Zombie Funds”
Blackstone knows what the characters on The Walking Dead took a couple of seasons to learn: In a zombie apocalypse, you should always have an exit plan. The investment giant announced blowout earnings on Thursday, driven in part by a healthy rate of private equity exits and realizations. That makes it the envy of the private equity industry, which is contending with a record number of unsellable “zombie funds” that have lived on far past their i…
Blackstone Profits Jump, Boosted by Exits and Winning Bets on AI
Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
By Isla Binnie July 23 (Reuters) - Blackstone, the world's largest alternative asset manager, reported rising income for the second quarter on Thursday, buoyed by growing assets under management and reaping profit from a mammoth bet on artificial intel...
Blackstone (NYSE:BX) Q2 profits increase as AI asset sales counter private-credit dip
NEW YORK, July 24, 2026, 04:09 EDT Distributable earnings increased by 26% to reach $1.98 billion. (Q4 Capital) Real-estate segment earnings rose 32% while AUM declined 3%. (Q4 Capital) BCRED raised $1.0 billion, down from $3.7 billion. (Reuters) Blackstone (NYSE:BX) surpassed analyst expectations for second-quarter distributable earnings. The firm's real-estate unit, supported by AI-associated exits,…
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