NYSE$BX

BlackStone Group LP · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Blackstone's Q4 2022 results were reported, revealing a decrease in net income but a record AUM.

Blackstone reported Q4 2022 results with a GAAP Net Income of $743 million and record total assets under management of $975 billion, despite challenging market conditions. The company saw $43 billion in inflows during the quarter and declared a dividend of $0.91 per share.

  • GAAP Net Income was $743 million for the quarter.
  • Total assets under management grew to a record $975 billion, up 11% year over year.
  • Inflows of $43 billion in the fourth quarter.
  • A dividend of $0.91 per common share was declared, payable on February 13, 2023.

Headline financials

Total Revenue

$2.34B

Previous: $4.46B-47.5%
EPS (adj)

$1.07

Previous: $1.71-37.4%
Dry Powder

$187B

No prior period
Capital Expenditures

$48.7M

Previous: $19.9M+145.3%
Free Cash Flow

$666M

Previous: -$834M+179.9%
Net Income

$743M

Previous: $2.94B-74.7%
Operating Income

$602M

Previous: $3.38B-82.2%
Gross Profit

-$2.01B

Previous: $4.2B-147.9%
Cash & Equivalents

$4.25B

Previous: $2.12B+100.6%
Total Assets

$42.5B

Previous: $41.2B+3.2%
Stock-Based Comp

$210M

Previous: $183M+14.5%

Revenue & EPS history

BlackStone · Revenue · Quarterly

$2.34B

Q4 2022-47.5%vs Q4 2021
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

The report provided forward-looking statements regarding Blackstone's operations, taxes, earnings, financial performance, share repurchases, and dividends, subject to various 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 Q4 2022

Historical avgQ4 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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