NYSE$BX

BlackStone Group LP · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Blackstone reported one of its best quarters in its 36-year history, demonstrating strong financial performance despite challenging market conditions, driven by flagship strategies and platform expansion.

Blackstone reported strong Q1 2022 results, marked by significant inflows of $50 billion and robust performance across its flagship strategies. The company's financial results translated to exceptional returns for shareholders, with a dividend of $1.32 per share declared.

  • Blackstone's Fee Related Earnings (FRE) reached $1.1 billion ($0.95/share), up 55% year-over-year.
  • Distributable Earnings (DE) were $1.9 billion ($1.55/share), a 63% increase year-over-year.
  • Total Assets Under Management (AUM) increased to $915.5 billion, up 41% year-over-year.
  • The company declared a dividend of $1.32 per common share, payable on May 9, 2022.

Headline financials

Total Revenue

$5.13B

Previous: $5.3B-3.3%
EPS (adj)

$1.55

Previous: $0.96+61.5%
Assets Under Mgmt

$915B

Previous: $649B+41.1%
Quarterly Inflows

$49.9B

No prior period
Distributable Earnings

$1.94B

No prior period
Fee-Related Earnings

$1.15B

No prior period
Realizations

$23.2B

No prior period
Capital Expenditures

-$56.2M

Previous: -$20.7M-170.7%
Free Cash Flow

$1.16B

Previous: $1.73B-32.8%
Net Income

$1.22B

Previous: $1.75B-30.4%
Operating Income

$4.9B

Previous: $5.14B-4.7%
Gross Profit

$5.13B

Previous: $5.3B-3.3%
Cash & Equivalents

$3.87B

Previous: $2.86B+35.2%
Total Assets

$43.3B

Previous: $29.7B+45.9%
Stock-Based Comp

$219M

Previous: $164M+33.7%

Revenue & EPS history

BlackStone · Revenue · Quarterly

$5.13B

Q1 2022-3.3%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

BlackStone · $1.47B total across 1 segment · Q1 2022

  • Mgmt & Advisory Fees
    $1.47B+25.1%

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 2022

Historical avgQ1 2022

+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%

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