Analyst Consensus ?
ConsensusBuy30 ratings
Bullish1963.3%
Neutral1033.3%
Bearish13.4%
Blackstone Inc. · BX · FY2025 Q1 · Calendar Q2 2025
Blackstone: Strong inflows, private-credit growth, tariff risks
The supplied analysis supports a constructive operating narrative for Blackstone: strong inflows, expanding private credit, private-wealth distribution and substantial dry powder provide growth support. The counterweight is execution and macro risk, especially deployment timing, tariff exposure, credit quality, realizations and fundraising.
Reported Before market openNYSEFinancial Services
$136.94B market cap
70quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.22
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.95B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.8%
Event window
SPY move
+0.1%
Same window
Abnormal move
+0.6%
Stock minus SPY
Volume
0.7×
Versus trailing sessions
Subsequent drift
+12.5%
Up to 20 sessions
BXSPY benchmark
Ask FN2 about BX FY2025 Q1
Transcript, numbers and history already loaded
What drove BX's +0.8% move after FY2025 Q1 earnings?What changed in BX's guidance and outlook in FY2025 Q1?Give me the bull and bear case for BX after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The analysis highlights record inflows, higher AUM, rapid private-credit expansion, a new Wellington-Vanguard alliance, the planned BMACX launch and the sale of Bistro to Clearwater Analytics. It also emphasizes tariff uncertainty and continued DPI, fundraising, regulatory and credit-quality concerns.
Guidance delta
No guidance change was provided in the supplied analysis.
Key takeaways
- The analysis describes record Q1 inflows of $62 billion and AUM of nearly $1.2 trillion.
- Private-credit investment-grade assets were up 35% year over year, with $13 billion of new commitments in Q1.
- Management highlighted tariff and policy uncertainty, while describing first-order exposure as limited and concentrated in real-estate construction costs.
- A Wellington-Vanguard alliance is intended to broaden integrated public-private investment solutions.
- The analysis cites $177 billion of dry powder available for opportunistic deployment.
Management priorities
- Launch the BMACX perpetual credit strategy on May 1.
- Expand private-wealth distribution through the Wellington-Vanguard alliance.
- Continue fundraising for European real-estate and global private-equity drawdown funds.
- Deploy dry powder toward digital infrastructure, energy and life sciences.
- Monetize internal technology assets such as Bistro.
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Try FN2 freeEarnings History
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Analyst 52W Price Targets
$113.36Previous close
$85Low
$136.88Average
$184High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 7, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Oppenheimer | Outperform | Outperform | Maintain | Aug 27, 2026 |
| Argus Research | Buy | Buy | Maintain | Jul 30, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 24, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 24, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 24, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 16, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 13, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 9, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Apr 27, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Apr 21, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Mar 24, 2026 |
| UBS | Neutral | Neutral | Maintain | Feb 20, 2026 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Oct 24, 2025 |
| Citigroup | Neutral | Neutral | Maintain | Oct 13, 2025 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Jul 25, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 25, 2025 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 11, 2025 |
| B of A Securities | Buy | Buy | Maintain | Apr 21, 2025 |
| Credit Suisse | Underperform | Underperform | Maintain | Apr 21, 2023 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Apr 7, 2022 |
| Susquehanna | Outperform | Positive | Maintain | Nov 25, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Nov 25, 2020 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Nov 25, 2020 |
| Jefferies | Buy | Buy | Maintain | Nov 25, 2020 |
| Citi | Neutral | Buy | Downgrade | Nov 25, 2020 |
| Bank of America | Buy | Buy | Maintain | Nov 25, 2020 |
| Argus | Buy | Buy | Maintain | Nov 25, 2020 |
| Stifel | Buy | Buy | Maintain | Apr 19, 2013 |
| Sterne Agee | Buy | Buy | Maintain | May 23, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $113.36. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Michael Brown | $122 | $119.35 | +7.6% | Sep 23, 2026 |
| Argus Research | Analyst unavailable | $150 | $127.66 | +32.3% | Jul 30, 2026 |
| RBC Capital | Analyst unavailable | $169 | $128.65 | +49.1% | Jul 24, 2026 |
| Oppenheimer | Analyst unavailable | $140 | $126.03 | +23.5% | Jul 24, 2026 |
| Goldman Sachs | Alexander Blostein | $127 | $124.49 | +12.0% | Jul 24, 2026 |
| Barclays | Benjamin Budish | $128 | $124.49 | +12.9% | Jul 24, 2026 |
| HSBC | Analyst unavailable | $135 | $126.89 | +19.1% | Jul 20, 2026 |
| Barclays | Analyst unavailable | $119 | $121 | +5.0% | Jul 9, 2026 |
| Piper Sandler | Analyst unavailable | $130 | $121.66 | +14.7% | Apr 27, 2026 |
| RBC Capital | Analyst unavailable | $173 | $121.76 | +52.6% | Apr 24, 2026 |
| Oppenheimer | Analyst unavailable | $156 | $122.33 | +37.6% | Apr 24, 2026 |
| Morgan Stanley | Analyst unavailable | $184 | $132.71 | +62.3% | Apr 21, 2026 |
| Evercore ISI | Analyst unavailable | $150 | $132.76 | +32.3% | Apr 21, 2026 |
| RBC Capital | Bart Dziarski | $179 | $113.71 | +57.9% | Feb 23, 2026 |
| UBS | Michael Brown | $137 | $123.64 | +20.9% | Feb 20, 2026 |
| Piper Sandler | Analyst unavailable | $158 | $142.42 | +39.4% | Feb 2, 2026 |
| UBS | Analyst unavailable | $171 | $141.49 | +50.8% | Jan 30, 2026 |
| RBC Capital | Analyst unavailable | $195 | $142.94 | +72.0% | Jan 30, 2026 |
| Barclays | Analyst unavailable | $164 | $142.94 | +44.7% | Jan 30, 2026 |
| UBS | Michael Brown | $172 | $155.59 | +51.7% | Jan 13, 2026 |
| Barclays | Benjamin Budish | $172 | $154.1 | +51.7% | Dec 12, 2025 |
| UBS | Michael Brown | $175 | $156.6 | +54.4% | Dec 11, 2025 |
| Piper Sandler | Crispin Love | $168 | $154.98 | +48.2% | Oct 24, 2025 |
| Deutsche Bank | Brian Bedell | $166 | $156.69 | +46.4% | Oct 24, 2025 |
| Morgan Stanley | Analyst unavailable | $215 | $161.62 | +89.7% | Oct 21, 2025 |
| Piper Sandler | Analyst unavailable | $173 | $162.46 | +52.6% | Oct 9, 2025 |
| Barclays | Analyst unavailable | $171 | $164.91 | +50.8% | Oct 8, 2025 |
| Barclays | Benjamin Budish | $192 | $171.34 | +69.4% | Jan 13, 2025 |
| Evercore ISI | Glenn Schorr | $181 | $169.73 | +59.7% | Oct 18, 2024 |
| BMO Capital | Etinenne Ricard | $134 | $169.73 | +18.2% | Oct 18, 2024 |
| Goldman Sachs | Alexander Blostein | $150 | $169.73 | +32.3% | Oct 18, 2024 |
| Evercore ISI | Glenn Schorr | $155 | $153.04 | +36.7% | Oct 14, 2024 |
| Barclays | Benjamin Budish | $155 | $151.92 | +36.7% | Oct 7, 2024 |
| BMO Capital | Etinenne Ricard | $112 | $138.59 | -1.2% | Jul 19, 2024 |
| Piper Sandler | Crispin Love | $149 | $136.41 | +31.4% | Jul 19, 2024 |
| Barclays | Benjamin Budish | $126 | $121.28 | +11.2% | Jul 10, 2024 |
| HSBC | Vikram Gandhi | $122 | $119.01 | +7.6% | Apr 19, 2024 |
| BMO Capital | Etinenne Ricard | $110 | $120.62 | -3.0% | Apr 19, 2024 |
| Deutsche Bank | Brian Bedell | $138 | $120.32 | +21.7% | Apr 19, 2024 |
| Piper Sandler | Crispin Love | $146 | $132 | +28.8% | Apr 10, 2024 |
| Barclays | Benjamin Budish | $129 | $129.87 | +13.8% | Apr 8, 2024 |
| Deutsche Bank | Brian Bedell | $142 | $126.01 | +25.3% | Apr 5, 2024 |
| Loop Capital Markets | Étienne Ricard | $101 | $124.54 | -10.9% | Jan 26, 2024 |
| Evercore ISI | Glenn Schorr | $117 | $107.51 | +3.2% | Jul 21, 2023 |
| Oppenheimer | Chris Kotowski | $111 | $83.4 | -2.1% | Apr 13, 2023 |
| Barclays | Analyst unavailable | $86 | $83.94 | -24.1% | Jan 12, 2023 |
| Wells Fargo | Analyst unavailable | $95 | $80.53 | -16.2% | Jan 11, 2023 |
| BMO Capital | Analyst unavailable | $85 | $78.01 | -25.0% | Jan 5, 2023 |
| Goldman Sachs | Analyst unavailable | $86 | $77.16 | -24.1% | Jan 4, 2023 |
| Piper Sandler | Analyst unavailable | $111 | $73.09 | -2.1% | Dec 21, 2022 |
| Barclays | Analyst unavailable | $80 | $75.39 | -29.4% | Dec 19, 2022 |
| BMO Capital | Analyst unavailable | $90 | $85.16 | -20.6% | Dec 5, 2022 |
| Barclays | Analyst unavailable | $90 | $85.04 | -20.6% | Dec 2, 2022 |
| BMO Capital | Analyst unavailable | $109 | $88.48 | -3.8% | Nov 23, 2022 |
| Deutsche Bank | Analyst unavailable | $128 | $99.61 | +12.9% | Nov 15, 2022 |
| Goldman Sachs | Analyst unavailable | $101 | $83.7 | -10.9% | Oct 3, 2022 |
| Deutsche Bank | Analyst unavailable | $153 | $108.34 | +35.0% | Aug 12, 2022 |
| Deutsche Bank | Analyst unavailable | $147 | $91.4 | +29.7% | Jul 13, 2022 |
| Wells Fargo | Analyst unavailable | $101 | $89.66 | -10.9% | Jul 13, 2022 |
| Goldman Sachs | Analyst unavailable | $112 | $91.07 | -1.2% | Jun 29, 2022 |
| Deutsche Bank | Brian Bedell | $180 | $107.57 | +58.8% | May 22, 2022 |
| BMO Capital | James Fotheringham | $142 | $107.28 | +25.3% | Apr 27, 2022 |
| Jefferies | Gerald O’Hara | $155 | $108.11 | +36.7% | Apr 26, 2022 |
| Deutsche Bank | Brian Bedell | $182 | $110.59 | +60.6% | Apr 24, 2022 |
| Morgan Stanley | Analyst unavailable | $154 | $120.24 | +35.9% | Apr 20, 2022 |
| Wells Fargo | Analyst unavailable | $120 | $117.02 | +5.9% | Apr 19, 2022 |
| Citigroup | William Katz | $117 | $112.98 | +3.2% | Apr 16, 2022 |
| Deutsche Bank | Brian Bedell | $186 | $112.8 | +64.1% | Apr 11, 2022 |
| Goldman Sachs | Alexander Blostein | $160 | $132.25 | +41.1% | Feb 6, 2022 |
| Bank of America Securities | Craig Siegenthaler | $170 | $124.28 | +50.0% | Jan 30, 2022 |
| Wells Fargo | Finian O'Shea | $122 | $112.69 | +7.6% | Jan 18, 2022 |
| Citigroup | William Katz | $120 | $121.02 | +5.9% | Jan 12, 2022 |
| Argus Research | Stephen Biggar | $163 | $133.96 | +43.8% | Oct 27, 2021 |
| BMO Capital | James Fotheringham | $114 | $135.08 | +0.6% | Oct 22, 2021 |
| UBS | Adam Beatty | $135 | $125.2 | +19.1% | Sep 21, 2021 |
| Barclays | Jeremy Campbell | $95 | $84.31 | -16.2% | Apr 23, 2021 |
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Start freeCompany context
Snapshot as of publicationBlackstone Inc. operates as a prominent alternative asset manager, specializing in a broad spectrum of investment strategies. Its expertise encompasses real estate, private equity, credit solutions, comprehensive hedge fund offerings, public debt and equity, multi-asset class approaches, and secondary funds of funds. While often backing nascent businesses, the firm also extends its services to capital markets. Its real estate division targets diverse opportunities: high-potential opportunistic ventures, core-plus assets, and stable, income-generating commercial properties. Additionally, it engages in debt investments secured by commercial real estate. These activities span North America, Europe, and Asia. Blackstone's global private equity arm executes varied transactions, including substantial buyouts, mid-market acquisitions, special situations, and distressed mortgage loans.…
Historical context
All BX earningsFinancial Services peers this season
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| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- LWFY2027 Q1 · October 6, 2026+27.8% EPS+7.5% move
- RPMFY2027 Q1 · October 6, 2026+1.5% EPS+3.2% move
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
Get the BX recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-03T00:02:43.581688+00:00
- Polygon adjusted daily market bars · 2026-10-07T07:50:44.801032+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T07:50:44.798748+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-07. For educational purposes only; not investment advice.