Blackstone Q2 Earnings Beat Forecasts by 8% as Revenue Surpasses $3.7B, Fee Earnings Up 31%

Blackstone Inc. (BX) delivered a standout Q2 2025 performance, significantly outpacing analyst expectations with record financial results. The firm reported earnings per share (EPS) of $1.19, surpassing the forecasted $1.10 [1], and generated total revenue of $3.71 billion, well above the anticipated $2.75 billion [1]. This robust performance was driven by strong growth across private wealth, credit and insurance, and infrastructure sectors, with fee-related earnings hitting $1.5 billion, or $1.19 per share, a 31% increase year-over-year [1].

The firm’s assets under management (AUM) surged to a record $1.2 trillion, reflecting a 13% year-over-year increase and $52.1 billion in inflows during the quarter [1]. Fee-earning AUM expanded by $29.4 billion to $860.1 billion, underscoring sustained investor confidence in Blackstone’s alternative asset strategies [2]. Distributable earnings for the quarter reached $1.6 billion, or $1.21 per share, a 25% rise compared to the prior year [1]. Analysts noted that Blackstone’s ability to generate high fund appreciation and deliver strong returns for limited partners has reinforced its financial resilience [1].

Looking ahead, Blackstone outlined a dividend of $1.03 per share, payable on August 11, 2025, as part of its ongoing capital-return strategy [1]. Over the past twelve months, the firm has distributed $5.8 billion through dividends and share repurchases. With $181.2 billion in dry powder available for future investments [1], the company remains optimistic about deploying capital across its core sectors, including real estate, private equity, and credit and insurance. Blackstone Infrastructure Partners is positioned to play a pivotal role in driving future growth, aligning with the firm’s focus on perpetual capital and fee-earning AUM [1].

Analysts highlighted that Blackstone’s Q2 results reflect its competitive positioning in the asset management industry, where diversified fee streams and high-margin incentive income are key differentiators [6]. While pre-reporting forecasts had projected a 14.78% year-over-year EPS growth [3], the firm’s actual performance exceeded this expectation, demonstrating its capacity to navigate macroeconomic uncertainties [4]. The earnings report, released on July 24, 2025, emphasized stabilized demand for Blackstone’s services amid interest rate volatility and regulatory shifts [4], with fee-earning AUM growing 3.6% quarter-over-quarter [5].

A live earnings call scheduled for July 24 at 9:00 AM ET is expected to provide further clarity on the firm’s capital-allocation strategies and long-term growth plans [7].

Source: [1] [Blackstone Reports Better-than-Expected Q2 2025 Results] [https://coinmarketcap.com/community/articles/6882148740f84e3b61d5ca52/]

[2] [Blackstone's Q2 results estimated to gain from higher AUM, ...] [https://seekingalpha.com/news/4470830-blackstones-q2-results-estimated-to-gain-from-higher-aum-fee-related-earnings]

[3] [Blackstone (BX) Anticipates Strong Q2 Performance ...] [https://www.gurufocus.com/news/2998607/blackstone-bx-anticipates-strong-q2-performance-boosted-by-increased-aum-and-earnings]

[4] [Blackstone (BX) Earnings To Reflect How Significant "dry ...] [https://www.moomoo.com/community/feed/blackstone-bx-earnings-to-reflect-how-significant-dry-powder-convert-1148****6792198]

[5] [Blackstone Set to Report Q2 Earnings: What's in the Cards?] [https://finance.yahoo.com/news/blackstone-set-report-q2-earnings-151300024.html]

[6] [Blackstone Q2 2025 Earnings Report] [https://www.marketbeat.com/earnings/reports/2025-7-24-the-blackstone-group-inc-stock/]

[7] [Blackstone Inc. (BX) Latest Stock News & Headlines] [https://finance.yahoo.com/quote/BX/news/]