Blackstone's Financial Performance in Q1 2025

Blackstone Inc. disclosed 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, with net income for the quarter falling to $1.2 billion, or $0.80 per diluted share.

Record Inflows and AUM Growth

Despite the revenue dip, Blackstone attracted $61.64 billion in inflows, marking a 10% rise in assets under management (AUM) to $1.17 trillion. Notably, half of these inflows were channeled into the credit and insurance segment.

Leadership's Perspective

Stephen A. Schwarzman, Chairman and CEO, remarked, "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."

Market Reaction

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