NYSE$BX

BlackStone Group LP · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Blackstone reported exceptional Q1 2021 results with significant growth in assets under management and distributable earnings.

Blackstone reported a strong first quarter in 2021, with assets under management increasing to $649 billion, up 21% year-over-year. Distributable Earnings reached $1.2 billion ($0.96/share), up 114% year-over-year, and the company declared a dividend of $0.82 per share.

  • Assets under management reached a record $649 billion, a 21% increase year-over-year.
  • Distributable Earnings were $1.2 billion ($0.96 per share), up 114% year-over-year.
  • Fee Related Earnings were $741 million ($0.62 per share), up 58% year-over-year.
  • The company declared a quarterly dividend of $0.82 per share.

Headline financials

Total Revenue

$5.3B

Previous: -$3.08B+272.3%
EPS (adj)

$0.96

Previous: $0.46+108.7%
Assets Under Mgmt

$649B

No prior period
Fee-Earning AUM

$481B

No prior period
Capital Expenditures

-$20.7M

Previous: -$12.4M-66.9%
Free Cash Flow

$1.73B

Previous: -$1.08B+260.1%
Net Income

$1.75B

Previous: -$1.07B+263.9%
Operating Income

$5.14B

Previous: -$3.12B+264.8%
Gross Profit

$5.3B

Previous: -$3.08B+272.3%
Cash & Equivalents

$2.86B

Previous: $2.07B+38.4%
Total Assets

$29.7B

Previous: $26.9B+10.3%
Stock-Based Comp

$164M

Previous: $119M+37.9%

Revenue & EPS history

BlackStone · Revenue · Quarterly

$5.3B

Q1 2021-272.3%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

BlackStone · $1.35B total across 2 segments · Q1 2021

  • Mgmt & Advisory Fees
    $1.18B
  • Fee-Related Perf. Rev.
    $169M

Forward guidance

This presentation may contain forward-looking statements which reflect our current views with respect to, among other things, our operations, taxes, earnings and financial performance, share repurchases and dividends.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.2%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+0.6%

Avg return

30 days after

62%

40 / 65 earnings

Positive

+11.5%

Q4 2021

Best reaction

-8.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%-6.3%-8.6%
Q4 2025-2.6%-8.8%-22.8%
Q3 2025-4.2%-6.2%-11.8%
Q2 2025-1.1%-5.3%+2.7%
Q1 2025+0.8%-3.5%+13.4%
Q4 2024-4.1%-7.8%-13.1%
Q3 2024+7.9%+5.5%+13.6%
Q2 2024+2.8%+6.5%-0.4%
Q1 2024-3.9%+0.9%+2.0%
Q4 2023+3.3%+5.4%+3.7%
Q3 2023-7.7%-7.0%+2.6%
Q2 2023-3.0%-3.5%-8.7%
Q1 2023-3.3%-6.6%-10.2%
Q4 2022+7.9%+8.0%+0.2%
Q3 2022-2.6%+4.3%+4.5%
Q2 2022-4.6%-7.4%+2.2%
Q1 2022-8.1%-10.9%-10.6%
Q4 2021+11.5%+21.1%+15.5%
Q3 2021+6.9%+10.5%+13.8%
Q2 2021+5.2%+8.0%+7.1%
Q1 2021+8.6%+10.3%+13.0%
Q4 2020+3.3%+6.8%+6.7%
Q3 2020-1.7%-1.0%+16.7%
Q2 2020-4.0%-6.6%-8.7%
Q1 2020+4.5%+10.9%+16.4%
Q4 2019-2.5%+1.0%-14.1%
Q3 2019+6.0%+7.5%+4.4%
Q2 2019+0.8%+7.3%+4.3%
Q1 2019+8.6%+10.6%+13.1%
Q4 2018+2.6%+4.5%+1.2%
Q3 2018-4.0%-6.4%-10.1%
Q2 2018-0.8%-0.1%-0.1%
Q1 2018+1.4%+1.3%-1.5%
Q4 2017-3.4%-5.2%-8.8%
Q3 2017+2.9%+3.3%-5.1%
Q2 2017-1.0%-0.7%-9.4%
Q1 2017+0.7%+2.8%-0.6%
Q4 2016+2.2%+0.0%-3.5%
Q3 2016+0.5%-1.8%+4.6%
Q2 2016+6.1%+7.1%+9.1%
Q1 2016-3.4%
Q4 2015+2.6%
Q3 2015+2.9%
Q2 2015+0.6%
Q1 2015+2.0%
Q4 2014+1.6%
Q3 2014+0.8%
Q2 2014+5.0%
Q1 2014+2.6%
Q4 2013+5.9%
Q3 2013+2.9%
Q2 2013+8.4%
Q1 2013-1.9%
Q4 2012+9.5%
Q3 2012+4.1%
Q2 2012+1.9%
Q1 2012+2.1%
Q2 2011-1.2%
Q4 2011-1.2%
Q3 2011-7.2%
Q1 2011+0.5%
Q4 2010+2.9%
Q3 2010-0.5%
Q2 2010-1.3%
Q1 2010+7.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro