Blackstone Inc. (BX) Earnings Call Transcripts
Blackstone Inc.'s Latest Earnings Call - September 15, 2026
In the earnings call for Q3 2026, Blackstone Inc. (BX:US) reported significant growth in both revenue and earnings, driven by robust demand across its investment strategies. The firm achieved over $260 billion in inflows, marking a 24% increase year-over-year, and expects double-digit growth in base management fees for 2027. Management highlighted a strong corporate earnings environment and an optimistic outlook for AI investments, signaling potential for continued performance improvement and market share gains.
Reported metrics
| Metric | Value |
|---|---|
| Total Inflows | $260B (beat) |
| AUM in Infrastructure | $90B (beat) |
| Private Wealth AUM | $324B (beat) |
| EBITDA Growth of Borrowers | 10% (beat) |
| Direct Lending Portfolio Default Rate | low (neutral) |
| Base Management Fee Growth Guidance | double-digit (positive) |
Guidance from management
Management maintained a positive outlook for 2027, expecting double-digit growth in base management fees and strong performance driven by AI investments and robust fundraising across various channels.
What analysts pressed on
Analysts expressed concerns regarding the sustainability of the recent fundraising momentum and potential risks associated with the broader credit market dynamics. There were questions about how Blackstone plans to navigate potential headwinds in private wealth flows and realizations in the upcoming quarters.
Main topics on the call
- Strong Fundraising Performance — Blackstone reported over $260 billion in inflows over the last 12 months, representing a 24% growth year-over-year, which is the best 12-month period for the firm in nearly four years. CFO Michael Chae noted, "Our second...
- AI Investment Strategy — Management emphasized their strategic positioning in AI infrastructure, citing significant investments in data centers and partnerships with major tech firms. Chae stated, "We think we've positioned ourselves as the best...
- Direct Lending Portfolio Health — The direct lending portfolio remains resilient with EBITDA growth of 10% across the borrower base and low default rates. Chae mentioned, "Credit quality remains resilient overall," indicating a stable outlook for this se...
- Outlook for 2027 — Management expects a return to double-digit growth in base management fees in 2027, driven by new drawdown funds and the expansion of their infrastructure platform. Chae stated, "We see a strong picture of financial perf...
Read the full Blackstone Inc. transcript (September 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Blackstone Inc.
Blackstone Inc. (BX) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 54 calls on record spanning January 30, 2020 to September 15, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 54 Blackstone Inc. earnings call transcripts on record, spanning January 30, 2020 to September 15, 2026. Based on this history, Blackstone Inc. reports quarterly. The most recent call on file is dated September 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BX
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 54
- First call
- January 30, 2020
- Most recent
- September 15, 2026
- Reporting cadence
- quarterly