Blackstone Q1 2025 Earnings Surpass Wall Street Estimates, CEO Stephen Schwarzman Says Quarterly Inflows Hit Highest Level In 3 Years

Private equity giant Blackstone Inc.'s (BX) first-quarter earnings and revenue declined year-over-year but still surpassed Wall Street estimates.  

Revenue fell 11% year-over-year (YoY) to $3.29 billion during the quarter, but topped an analyst estimate of $2.7 billion. Distributable earnings per common share (EPS) stood at $1.09, beating a Street estimate of $1.06.

Total assets under management (AUM) rose 10% YoY to $1.17 trillion, with the quarter witnessing inflows of $61.6 billion.

CEO Stephen A. Schwarzman highlighted that quarterly inflows reached $62 billion, the highest level in nearly three years. “We also delivered positive investment performance across all of our major strategies. We are well-positioned to navigate the current environment with $177 billion of dry powder to deploy and a resilient, capital-light business model,” he added.

Real estate AUM declined 6% YoY to $320 billion with inflows of $6.2 billion in the quarter.

Blackstone said that the inflows included $1.2 billion in the seventh European opportunistic fund, $832 million of capital raised in BREIT, $551 million in the fifth real estate debt strategies fund, and $1.2 billion of capital raised in BEPIF and related co-investment.

Private equity AUM increased 16% YoY to $371 billion with inflows of $21.7 billion in the quarter. Credit and Insurance AUM increased 21% to $388.7 billion, driven by inflows of $30.3 billion.

Multi-asset Investing AUM rose 12% YoY to $87.8 billion with inflows of $3.4 billion in the quarter.

Meanwhile, Blackstone declared a quarterly dividend of $0.93 per share to its record holders of common stock as of the close of business on April 28, 2025. The dividend will be paid on May 5, 2025.

Shares of Blackstone have declined by over 24% in 2025 but have gained more than 6% in the past 12 months.

Also See: ECB Cuts Interest Rates For 7th Time In A Row As Trump Tariffs Spark Growth Fears – Warns Of ‘Tightening’ Impact From Trade Tensions

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