Blackstone attracted $63.3 billion of inflows in the third quarter of 2026, but its distributable earnings fell 9% from a year earlier. The 22 October results show a broader pool of managed assets alongside a weaker quarter for this alternative earnings measure. Reported diluted earnings per share moved in the other direction, rising to $0.83 from $0.80.
The figures relate to the quarter ended September 2026 and are preliminary and unaudited. Monetary amounts below are US dollars. Inflows into investment strategies are not the same as corporate revenue, and assets under management are not cash owned outright by Blackstone shareholders.
The quarter in figures
| Measure | Q3 2026 | Comparison or basis | Official evidence |
|---|---|---|---|
| Assets under management | $1,368.3 billion | Up 10% year over year; quarter-end stock | Issuer financial report |
| Quarterly inflows | $63.3 billion | Capital metric, not corporate sales | Issuer financial report |
| GAAP revenue | $3.063 billion | $3.089 billion in Q3 2025 | Issuer financial report |
| GAAP net income attributable to Blackstone Inc. | $662.4 million | $624.9 million in Q3 2025 | Issuer financial report |
| Reported diluted EPS | $0.83 | $0.80 in Q3 2025 | Issuer financial report |
| Fee-related earnings, non-GAAP | $1.572 billion | Up 6% year over year | Issuer financial report |
| Distributable earnings, non-GAAP | $1.716 billion | Down 9% year over year | Issuer financial report |
Why the earnings measures differ
Fee-related earnings focus on profits from recurring fee-related revenue after associated expenses. Distributable earnings incorporate realized investment-related results and specified interest, tax and payable adjustments. Both are non-GAAP measures: they supplement the accounting results rather than replacing them.
Blackstone reported lower net realizations in the quarter. Its $1.32 distributable earnings per common share should not be described as reported EPS, which was $0.83. Similarly, the presentation’s last-twelve-month figures cover a different period from either Q3 alone or the first nine months of 2026.
Declared dividend: dates and limits
| Field | Disclosed detail | Official evidence |
|---|---|---|
| Action and basis | Declared cash dividend of $1.12 per common share | Dividend announcement |
| Eligibility / record date | Common-stock record holders at close of business on 2 November 2026 | Dividend announcement |
| Payment date | 9 November 2026 | Dividend announcement |
| Ex-dividend date | Not stated in this announcement; not inferred here | Dividend announcement |
| Status | Declared; payment was future-dated when checked | Dividend announcement |
The declaration does not guarantee later quarterly distributions or a positive total return. Eligibility and an ex-dividend timetable should be checked against the applicable official market record before acting.
For another example of separating reported earnings from alternative measures, see CapKet’s Comcast earnings report.
Official sources and verification
Issuer financial report and Companion official source were checked. The companion source is another format or issuer publication record, not independent corroboration. Source observations: 2026-10-22T19:47:20.340Z; 2026-10-22T19:52:12.328Z. AI-assisted primary-document review; no independent human editorial approval or investment advice is claimed.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.