NYSE$BX

BlackStone Group LP · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Blackstone delivered exceptional financial results despite a challenging market, driven by flagship strategies outperforming public markets and significant inflows.

Blackstone reported second quarter 2022 results with strong inflows of $88 billion, driven by flagship strategies outperforming public markets. The company declared a dividend of $1.27 per share.

  • Fee Related Earnings (FRE) reached $1.0 billion ($0.84/share), a 45% increase year-over-year.
  • Distributable Earnings (DE) were $2.0 billion ($1.49/share), up 86% year-over-year.
  • Total Assets Under Management (AUM) grew to $940.8 billion, a 38% increase year-over-year.
  • Inflows for the quarter totaled $88.3 billion.

Headline financials

Total Revenue

$629M

Previous: $5.29B-88.1%
EPS (adj)

$1.49

Previous: $0.82+81.7%
Assets Under Mgmt

$941B

Previous: $684B+37.5%
Fee-Earning AUM

$684B

Previous: $499B+37.1%
Capital Expenditures

-$101M

Previous: -$34.8M-191.3%
Free Cash Flow

-$131M

Previous: $1.27B-110.3%
Net Income

-$29.4M

Previous: $1.31B-102.2%
Operating Income

$431M

Previous: $5.08B-91.5%
Gross Profit

$629M

Previous: $5.29B-88.1%
Cash & Equivalents

$4.18B

Previous: $2.47B+69.5%
Total Assets

$41.6B

Previous: $33.3B+25.0%
Stock-Based Comp

$211M

Previous: $142M+48.9%

Revenue & EPS history

BlackStone · Revenue · Quarterly

$629M

Q2 2022-88.1%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

BlackStone · $1.66B total across 2 segments · Q2 2022

  • Mgmt & Advisory Fees
    $1.56B+28.8%
  • Fee-Related Perf. Rev.
    $99.6M+103.7%

Forward guidance

This presentation contains forward-looking statements regarding Blackstone's operations, taxes, earnings, financial performance, share repurchases and dividends. These statements are subject to risks and uncertainties that could cause actual outcomes or results to differ materially from those indicated.

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 Q2 2022

Historical avgQ2 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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