NYSE$BX

BlackStone Group LP · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Blackstone reported strong third-quarter results with broad-based acceleration across its business, invested or committed $54 billion, the highest in over two years, deployed $123 billion in the last twelve months, and the highest amount of overall fund appreciation in three years.

Blackstone reported strong third-quarter results with significant inflows and strategic deployments, demonstrating its leading position in the alternatives industry. The company invested heavily and saw substantial fund appreciation.

  • Blackstone invested or committed $54 billion in Q3 2024, the highest in over two years.
  • The third quarter represented the highest amount of overall fund appreciation in three years.
  • Limited partners entrusted Blackstone with over $40 billion of inflows.
  • A quarterly dividend of $0.86 per share was declared.

Headline financials

Total Revenue

$3.66B

Previous: $2.54B+44.1%
EPS

$1.02

Previous: $0.94+8.5%
Assets Under Mgmt

$1.11T

No prior period
Fee-Earning AUM

$820B

No prior period
Capital Expenditures

-$49.5M

Previous: -$193M+74.3%
Free Cash Flow

$731M

Previous: $359M+103.7%
Net Income

$781M

Previous: $552M+41.5%
Operating Income

$3.14B

Previous: $2.25B+39.6%
Gross Profit

$3.66B

Previous: $2.54B+44.1%
Cash & Equivalents

$2.35B

Previous: $2.97B-20.8%
Total Assets

$42.6B

Previous: $41.7B+2.2%
Stock-Based Comp

$264M

Previous: $260M+1.6%

Revenue & EPS history

BlackStone · Revenue · Quarterly

$3.66B

Q3 2024+44.1%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

BlackStone · $1.86B total across 2 segments · Q2 2023

  • Mgmt & Advisory Fees
    $1.71B+9.5%
  • Fee-Related Perf. Rev.
    $153M+53.7%

Forward guidance

This document contains forward-looking statements which are subject to risks and uncertainties.

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 Q3 2024

Historical avgQ3 2024

+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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