Blackstone Inc. (BX) earnings on July 23, 2026

Before the market opens Q2 2026

More Blackstone Inc. earnings

Prior outlook: Optimistic Outcome: Accurate

Blackstone's stock jumped as much as 5% after reporting earnings, then fell nearly 4%, before recovering to close up about 1%. The CEO's comments about AI helped the stock bounce back from its low point.

BX price around the earnings

124.50

Change: +1.4%

2026-07-23, 20:00 UTC

Start of the measured window End of the measured window
118.59 121.63 124.68 127.72 122.82
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Exceptional 100% earnings beat rate with +13% analyst upside but merger uncertainty and slight SPY underperformance.

Context analyzed before publication

Trend
Volatile trajectory with recent rebound, strong historical earnings, but merger extension creates uncertainty.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.09
Analysts covering the stock
21
Average price target
138.95
Lowest price target
114
Highest price target
184
Upside to price target
13.1%
Quarterly earnings growth
5.7%
Revenue growth
5.7%
Forward EPS
7.43
Trailing EPS
3.86
Analyst moves in the last 60 days
6
  • Strong buy: 3
  • Buy: 9
  • Hold: 11
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
9
Hold
11
Sell
0
Strong sell
0
  • July 17, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
  • July 16, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • July 13, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
  • July 13, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
  • July 9, 2026 · Citizens: Maintains rating (Market Outperform → Market Outperform)
  • July 9, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (6)

Technicals

Evidence

Average true range (ATR)
2.9%
Distance to 52-week high
-33.0%
14-day change (14d)
+3.6%
30-day change (30d)
-0.4%
30-day relative strength
-0.8%
SPY change (30d)
+0.4%
Nearest support
122.25
Nearest resistance
123.13
Volume accumulation ratio (14d / 46d)
0.86

Trends

Evidence

Average earnings surprise
+12.3%
  • April 23, 2026: actual EPS 1.36 vs estimate 1.34 (surprise +1.7%)
  • January 29, 2026: actual EPS 1.75 vs estimate 1.54 (surprise +13.9%)
  • October 23, 2025: actual EPS 1.52 vs estimate 1.23 (surprise +23.9%)
  • July 24, 2025: actual EPS 1.21 vs estimate 1.1 (surprise +9.8%)

Expected move

Implied move
+5.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.8%
75th percentile move
5.6%
90th percentile move
6.4%
Up / down moves
9 / 11
Average up move
+3.7%
Average down move
-3.8%

Monitoring and close

What Blackstone Inc. reported

Status
Finished
Actual EPS1.52
EPS estimate1.35
EPS surprise+12.6%
Revenue$3,802 million
Revenue estimate$3,459 million
Revenue surprise+9.9%

Blackstone beats Q2 estimates with record $1.35T AUM. CEO warns of 'excessive exuberance' in AI. Dividend raised to $1.29.

Sources (20)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures don't clearly confirm the prior scenario. In past cases, 1060 instances (69.7%) showed a similar outcome.

How the stock reacted

Outcome
Accurate
Consolidated
+1.4%
Max favorable move (MFE)
5.1%
Max adverse move (MAE)
3.9%