Blackstone Post Revenue of $3.29 Billion in Q1-2025

Surpassing expectations of the analysts, Blackstone, the world’s largest alternative asset manager headquartered in the US, on Thursday said that the earnings per share (EPS) was $1.09 as against a forecast of $1.06. 

Blackstone has declared a quarterly dividend of $0.93 per share to record holders of common stock at the close of business on 28 April 2025, which will be paid on 5 May 2025.

The company also exceeded revenue projections, posting $3.29 billion compared to the anticipated $2.94 billion in the first quarter of this year and the total assets under management (AUM) increased by 10% to y-o-y to nearly $1.2 trillion.

The inflows during the quarter increased 16% to $371 billion with inflows of $21.7 billion in the quarter and $55.6 billion over the last 12 months. This included $6.4 billion in Secondaries, $4.4 billion for the initial close of the third Corporate Private Equity Asia fund, $1.7 billion in Infrastructure, and $634 million in Tactical Opportunities besides $2.5 billion of capital raised for BXPE and $1.6 billion of capital raised for BXINFRA, including amounts allocated to other strategies.

Strong Results

Blackstone’s Chairman and CEO Stephen A. Schwarzman said that the company reported another quarter of strong results despite turbulent markets. The inflows have reached $62 billion, the highest level in nearly three years, reflecting the deep trust they have built with investors over decades.

“We also delivered positive investment performance across all of our major strategies. We are well positioned to navigate the current environment with $177 billion of dry powder to deploy and a resilient, capital-light business model,” he said.

At 31 March 2025, Blackstone had $9.8 billion in total cash, cash equivalents, corporate treasury, and other investments and $19.4 billion of cash and net investments, or $15.89 per share.