Blackstone’s BX third-quarter 2025 distributable earnings of $1.52 per share surpassed the Zacks Consensus Estimate of $1.22. The figure soared 50% from the prior-year quarter.
Results benefited from higher segment revenues and a rise in assets under management (AUM) balance. Further, a decrease in GAAP expenses was a positive.
Net income attributable to Blackstone was $624.7 million, down 20% from the year-ago quarter.
BX’s Segment Revenues Increase, GAAP Expenses Fall
Total segment revenues for the reported quarter were $3.3 billion, which jumped 36% year over year. The top line beat the Zacks Consensus Estimate of $3.11 billion. On a GAAP basis, revenues were $3.09 billion, falling 16%.
Total expenses (GAAP basis) were $1.75 billion, which declined 8% year over year.
As of Sept. 30, 2025, Blackstone had $11.1 billion in total cash, cash equivalents and corporate treasury investments, and $20.9 billion in cash and net investments. The company has a $3.8-billion undrawn credit revolver.
Blackstone’s AUM Balance Rises
Fee-earning AUM grew 10% year over year to $906.2 billion as of Sept. 30, 2025.
The total AUM amounted to $1.24 trillion, up 12%. The rise in total AUM was primarily driven by $54.2 billion in inflows in the reported quarter.
As of Sept. 30, 2025, the undrawn capital available for investment was $188.1 billion.
BX’s Share Repurchase Update
During the reported quarter, Blackstone repurchased 0.2 million shares.
As of Sept. 30, 2025, $1.7 billion worth of buyback authorization remained available.
Our Take on Blackstone
Blackstone is well-positioned for top-line growth, supported by a continuous rise in AUM. The company is expected to keep gaining from its fundraising ability. However, high expenses and a challenging operating backdrop are likely to hurt the bottom line in the near term.
Blackstone Inc. Price, Consensus and EPS Surprise
Blackstone Inc. price-consensus-eps-surprise-chart | Blackstone Inc. Quote
Currently, Blackstone carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Stong Buy) stocks here.
Performance & Earnings Release Date of Blackstone’s Peers
BlackRock’s BLK third-quarter 2025 adjusted earnings of $11.55 per share handily surpassed the Zacks Consensus Estimate of $11.25. The figure reflects a marginal rise from the year-ago quarter.
BLK’s results benefited from a rise in revenues. The AUM balance witnessed robust growth, reaching a record high of $13.46 trillion, driven by net inflows. However, higher expenses acted as a headwind.
Invesco IVZ is scheduled to announce third-quarter 2025 numbers on Oct. 28.
Over the past 30 days, the Zacks Consensus Estimate for IVZ’s quarterly earnings has been revised 2.3% higher to 45 cents. The figure implies a rise of 2.3% from the prior-year quarter.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>Blackstone Inc. (BX) : Free Stock Analysis Report
BlackRock (BLK) : Free Stock Analysis Report
Invesco Ltd. (IVZ) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
