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Distributable Earnings by Segment
Breaks down earnings available for distribution to shareholders by business segment, indicating profitability and financial health across different areas of the company.Blackstone’s distributable earnings are increasingly driven by a growing, reliable base of management fees while incentive fees and investment returns remain lumpy — big year‑end spikes in incentive fees and investment income explain most upside but also create volatility. Management’s call confirms record accrued performance revenue and strong AUM/fundraising that should lift recurring fee income, yet Q1 incentive fee weakness and geopolitical/realization headwinds mean outsize payouts are timing‑dependent; expect steady base yields with intermittent, unpredictable performance windfalls.
Date | Management and Advisory Fees | Incentive Fees | Investment | Interest and Dividends | Other |
|---|---|---|---|---|---|
Jun 30, 2026 | $2.27B | $159.08M | $2.47B | $134.22M | $11.95M |
Mar 31, 2026 | $2.15B | $165.42M | $1.14B | $107.94M | $50.97M |
Dec 31, 2025 | $2.08B | $390.29M | $1.78B | $110.75M | -$902.00K |
Sep 30, 2025 | $2.06B | $200.68M | $695.47M | $107.54M | $28.70M |
Jun 30, 2025 | $2.04B | $195.41M | $1.61B | $100.39M | -$225.06M |
Mar 31, 2025 | $1.90B | $191.82M | $1.17B | $97.42M | -$73.61M |
Dec 31, 2024 | $1.88B | $404.74M | $544.14M | $98.55M | $155.55M |
Sep 30, 2024 | $1.79B | $191.79M | $1.66B | $109.77M | -$96.31M |
Jun 30, 2024 | $1.79B | $188.30M | $696.14M | $105.00M | $19.63M |
Mar 31, 2024 | $1.73B | $179.34M | $1.64B | $97.84M | $44.82M |