Blackstone Inc. Announces Stellar Q2 Performance

In an impressive display of financial strength, Blackstone Inc. reported a 32.7% increase in revenue for the second quarter of fiscal 2025, reaching $3.7 billion, a figure that surpassed analysts' expectations. The company's net income witnessed a remarkable 71.5% jump to $1.6 billion, with diluted earnings per share (EPS) growing by 69% year-on-year to $0.98.

Dividends and Share Repurchases Highlight Confidence

Demonstrating confidence in its financial health, Blackstone declared a quarterly dividend of $1.03 per common share, scheduled for payment on August 11. Additionally, the firm repurchased approximately 200,000 common shares during the quarter, further underscoring its robust performance.

CEO Stephen Schwarzman on the Record-breaking Quarter

"Blackstone delivered outstanding second-quarter results, reflective of the broader underlying expansion of the firm's business and earnings power, particularly in private wealth, credit and insurance, and infrastructure," stated CEO Stephen Schwarzman. He added, "Despite the volatile market backdrop, we grew earnings significantly and total assets under management increased 13% year-over-year to more than $1.2 trillion—a new industry record."

Following the announcement, Blackstone's stock price experienced a 1.19% increase, trading at $174 per share at 7:13 am ET.