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Blackstone (NYSE: BX) projects $500M+ in Q2 2026 realization revenue

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Blackstone Inc. provides an intra-quarter update estimating more than $500 million of revenue from realization activity between April 1 and June 23, 2026. This figure combines total Realized Performance Revenues and total Realized Principal Investment Income, and is expected to be almost entirely driven by Realized Performance Revenues.

The estimate also reflects certain non-fee related incentive fees and other investment income expected to be realized at quarter end. It excludes fee income, expenses and any realization activity after June 23, and is not intended to represent total second-quarter or full-year 2026 results, which may differ materially.

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Insights

Blackstone signals strong Q2 realization activity with a $500M+ revenue estimate.

Blackstone estimates that revenue from realization activity between April 1 and June 23, 2026 will exceed $500 million, almost entirely from Realized Performance Revenues. This reflects investment exits, incentive fees and other investment income tied to second-quarter realization events.

The update covers only a portion of the quarter and excludes fee income and expenses, so it does not represent total Segment Revenues. Results for the full quarter and year ending December 31, 2026 may differ materially, and additional gains or losses may be realized.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Realization-related revenue estimate >$500M Total Realized Performance Revenues and Realized Principal Investment Income, Apr 1–Jun 23, 2026
Assets under management >$1.3T Firmwide AUM across global alternative strategies
Realization period Apr 1–Jun 23, 2026 Period covered by realization revenue estimate
Realized Performance Revenues financial
"Blackstone preliminarily expects to record total Realized Performance Revenues and total Realized Principal Investment Income..."
Realized Principal Investment Income financial
"total Realized Performance Revenues and total Realized Principal Investment Income for such period in excess of $500 million..."
forward-looking statements regulatory
"This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
assets under management financial
"Our over $1.3 trillion in assets under management include global investment strategies focused on real estate..."
Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

FAQ

What revenue does Blackstone (BX) estimate from Q2 2026 realization activity?
Blackstone estimates more than $500 million of revenue from realization activity between April 1 and June 23, 2026. This total combines Realized Performance Revenues and Realized Principal Investment Income and is almost entirely comprised of Realized Performance Revenues.

What period does Blackstone’s (BX) $500 million+ realization estimate cover?
The estimate covers April 1, 2026 through June 23, 2026. It reflects realization-related revenues in the second quarter up to that date and includes some incentive fees and investment income expected to be realized at quarter end, but not the entire quarter.

Does Blackstone’s (BX) realization estimate represent full Q2 2026 results?
No, the estimate is not intended to represent full Q2 results. It only addresses Realized Performance Revenues and Realized Principal Investment Income for part of the quarter and excludes fee income, expenses, and any other income sources.

What drives most of Blackstone’s (BX) estimated $500M+ realization revenue?
The estimate is almost entirely comprised of Realized Performance Revenues. These revenues arise primarily from investment realizations and certain non-fee related incentive fees and other investment income expected to be recognized at the end of the second quarter.

How large is Blackstone’s (BX) assets under management in this update?
Blackstone reports over $1.3 trillion in assets under management. These assets span strategies such as real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds, supporting its role as a major global alternative asset manager.

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Understanding 8-K Material Events →
false 0001393818 0001393818 2026-06-23 2026-06-23
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 23, 2026

 

 

Blackstone Inc.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   001-33551   20-8875684

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

345 Park Avenue

New York, New York

   10154
(Address of principal executive offices)   (Zip Code)

(212) 583-5000

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Common Stock   BX   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 

Item 7.01

Regulation FD Disclosure

On June 23, 2026, Blackstone Inc. (“Blackstone”) posted on its website at www.blackstone.com/news a press release (the “Press Release”) announcing a preliminary estimate regarding revenue Blackstone expects to record related to realization activity for the period from April 1, 2026 to June 23, 2026. The Press Release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information in Item 7.01 of this Current Report on Form 8-K shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Furthermore, such information shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing or document.

 

Item 9.01

Financial Statements and Exhibits.

(d)  Exhibits.

 

Exhibit

No.

    Description
99.1    Press release of Blackstone Inc. dated June 23, 2026.
104    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 23, 2026

 

Blackstone Inc.
By:  

/s/ Victoria Portnoy

Name:   Victoria Portnoy
Title:   Managing Director - Assistant Secretary

Exhibit 99.1

Blackstone Announces Intra-Quarter Realization Update Relating to the Second Quarter

NEW YORK – June 23, 2026 – Blackstone today announced its estimate of revenue related to realization activity for the period from April 1, 2026 to June 23, 2026. This estimate does not include revenue from any realization activity that may occur subsequent to June 23, 2026. Based on information currently available, Blackstone preliminarily expects to record total Realized Performance Revenues and total Realized Principal Investment Income for such period in excess of $500 million, almost entirely comprised of Realized Performance Revenues. In addition to revenue related to investment realizations closed to date in the second quarter, this estimate includes certain non-fee related incentive fees and other investment income expected to be realized at quarter end.

The preliminary estimate regarding realization activity for the period from April 1, 2026 to June 23, 2026 disclosed above is not intended to predict or represent total Realized Performance Revenues, total Realized Principal Investment Income or total Segment Revenues for the quarter ending June 30, 2026, and results for the full quarter may differ materially. This estimate does not include the results or impact of any other sources of income, including fee income, or expenses, and Blackstone may realize further gains or losses relating to total Realized Performance Revenues and total Realized Principal Investment Income for the full quarter. It is also not indicative of the results that may be expected for any other period, including the year ending December 31, 2026.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current views with respect to, among other things, a preliminary estimate regarding revenue we expect to record related to realization activity. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads,” “forecast” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including significant market developments that occur subsequent to June 23, 2026. We believe these factors also include but are not limited to those described under the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in our subsequent filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this announcement and in our other periodic filings. The forward-looking statements speak only as of the date of this announcement, and we undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Investor Contact

Weston Tucker

Blackstone

Tel: +1 (212) 583-5231

tucker@blackstone.com

Media Contact

Matt Anderson

Blackstone

Tel: +1 (212) 390-2472

matthew.anderson@blackstone.com

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents