Blackstone's Financial Performance in Q1 2025

Blackstone Inc. revealed a 10.8% year-over-year decline in total revenue for the first quarter of fiscal 2025, amounting to $3.28 billion. This downturn was largely due to diminished earnings in the Performance Allocations and Principal Investment sectors.

Expenses and Net Income

The report highlighted an increase in total expenses to $1.9 billion, alongside a decrease in net income to $1.2 billion, or $0.80 per diluted share.

Record Inflows and AUM Growth

Despite these challenges, Blackstone attracted $61.64 billion in inflows during the quarter, marking the highest level in nearly three years. This contributed to a 10% rise in its assets under management (AUM), reaching $1.17 trillion. A significant portion of these inflows was channeled into the credit and insurance segment.

Leadership's Perspective

"Blackstone reported another quarter of strong results despite turbulent markets. Inflows reached $62 billion — the highest level in nearly three years — reflecting the deep trust we've built with our investors over decades. We also delivered positive investment performance across all of our major strategies," stated Stephen A. Schwarzman, Chairman and Chief Executive Officer.

Market Reaction

Following the report's release, Blackstone shares experienced a 3.12% drop in premarket trading in New York, settling at $129.38.