--- canonical_url: https://www.stockexpertai.com/earnings/bx last_updated: 2026-05-03T21:24:53.540Z --- # Blackstone Inc. (BX) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-03T21:24:52.333Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $126.35 (▲ 0.61%) | fmp:quote | | Market Cap | $151.8B | fmp:profile | | 52w range | $101.73 – $190.09 | fmp:quote | | Earnings | Thu 23 Jul | fmp:earnings-history | | EPS estimate | $1.34 (+11% YoY) | fmp:earnings-estimate | | Revenue estimate | $3.5B | fmp:earnings-estimate | | Beat streak | 7/4 | fmp:earnings-history | | Rating | B (overall 3/5) | fmp:ratings | | Analyst median target | $156 (+23.5% upside) | fmp:price-target-consensus | | MoonshotScore | 54/100 | derived | | Council | 3/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## Blackstone Inc. — Q4 FY2026 Expectations Q4 consensus: revenue $3.5B^{[FMP est]}, EPS $1.34^{[FMP est]}. 7 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** B · **Stance:** BUY · **Council:** 3/6 · **Moonshot:** 54 = MoonshotScore 54^{[9-pillar formula]} + Council 3/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (6 metrics) ### 1. Infrastructure Growth Our dedicated infrastructure platform grew 41% year-over-year to $84 billion underpinned by exceptional investment performance. > "Our dedicated infrastructure platform grew 41% year-over-year to $84 billion underpinned by exceptional investment performance." > — Jonathan Gray, President and Chief Operating Officer, Investor Focus · Q1 FY2026 ### 2. Aum Growth Blackstone's total assets under management (AUM) grew 12% year-over-year to a new record level of more than $1.3 trillion. > "Total assets under management grew 12% year-over-year to a new record level of more than $1.3 trillion." > — Stephen Schwarzman, Chairman and CEO, Investor Focus · Q1 FY2026 ### 3. Bxma Growth Blackstone's multi-asset investing segment, BXMA, cross the $100 billion milestone in the first quarter up 15% year-over-year. > "Blackstone is an all-weather firm. Meanwhile, multiple pillars of strength are driving us forward." > — Jonathan Gray, President and Chief Operating Officer, Investor Focus · Q1 FY2026 ### 4. Asia Flagship Fundraising In corporate private equity, we've raised nearly $12 billion to date for our new Asia flagship, including April closings, and we're approaching its $13 billion hard cap. compared to approximately $6 billion for the previous vintage. > "In corporate private equity, we've raised nearly $12 billion to date for our new Asia flagship, including April closings, and we're approaching its $13 billion hard cap. compared to approximately $6 billion for the previous vintage." > — Jonathan Gray, President and Chief Operating Officer, Investor Focus · Q1 FY2026 ### 5. Bxlx6 Fundraising In Life Sciences, our new flagship BXLX6 hit its hard cap in the first quarter, raising $6.3 billion, an industry record and nearly 40% larger than the prior vintage. > "In Life Sciences, our new flagship BXLX6 hit its hard cap in the first quarter, raising $6.3 billion, an industry record and nearly 40% larger than the prior vintage." > — Jonathan Gray, President and Chief Operating Officer, Investor Focus · Q1 FY2026 ### 6. Private Wealth Aum Our AUM in the channel increased 14% year-over-year to $310 billion and is up nearly threefold in the past 5 years. powered by our performance and brand. > "Our AUM in the channel increased 14% year-over-year to $310 billion and is up nearly threefold in the past 5 years. powered by our performance and brand." > — Jonathan Gray, President and Chief Operating Officer, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 5.0 | medium | Q1 vs Q2: healthy growth (+10.5%) | | Gross Margin | 10.0 | strong | Q1: very high margin (98.5%, software/cloud territory) | | Operating Leverage | 4.0 | medium | op margin very strong (38.8%, scale leverage) | | Cash Runway | 3.0 | weak | FCF negative ($-0.0B, external financing needed) | | R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) | | Price Momentum | 7.0 | strong | RSI 58.1 positive momentum, 50d above | | News Sentiment | 6.0 | medium | majority buy (57%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +23.5% | | Ken Griffin | bull | flow · 50d MA above | | Jim Simons | neutral | quant · RSI 58 | | Klarman | neutral | value · target upside +23.5% | | Buffett | bull | quality · ROE score 5/5 | | Munger | neutral | valuation · target upside +23.5% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Moderate - **Margin of Safety:** Moderate - **Interest Coverage:** Adequate - **ROIC vs WACC:** Healthy **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 58.1 — yükselişte nötr — overbought sınırının altında, momentum pozitif - **50d MA:** $116 — hisse %8.7 üstünde — kısa vadeli destek - **200d MA:** $148 — hisse %14.5 altında — uzun vadeli baskı - **Volume (10d):** -12% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $1.21 | $1.10 | BEAT | -0.0% | | Q3 FY25 | $1.52 | $1.23 | BEAT | -0.2% | | Q4 FY25 | $1.75 | $1.54 | BEAT | -0.4% | | Q1 FY26 | $1.36 | $1.34 | +1.5% EPS | -0.6% | Q1 (April 23, 2026): EPS $1.36 vs $1.34 est^[FMP], +1.5% beat. D+1 movement: -0.6%^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $1.34 + CapEx discipline** Threshold: EPS > $1.34^{[FMP est]}. Target: Break above median target $156^{[FMP target]}; high target $184^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $1.34 + CapEx < $22.4M** Threshold: EPS ≈ $1.34^{[FMP est]}, Q4 CapEx < $22.4M^[FMP]. Target: Consolidation in the band between current $126^[FMP] and median $156^[FMP]. ### Scenario C · Miss **EPS < $1.30 or CapEx ≥ $22.4M** Threshold: EPS < $1.30^{[FMP est×0.97]}. Target: Current $126^[derived] below SMA200 $148^[FMP], if rejection continues, $126 support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $1.36 vs $1.34 beat^[FMP], stock -0.6% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $22.4M^{[FMP cashflow]}. Q1 op margin 38.8%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $156 (+23.5% upside vs current $126) - **High / Low:** $184 / $130 - **Buy / Hold / Sell:** 13 / 10 / 0 - **Analyst count:** 7 (last quarter), 69 all-time ## Additional Transcript Insights ### 1. aum_growth **Claim:** Blackstone's total assets under management (AUM) grew 12% year-over-year to a new record level of more than $1.3 trillion. **Evidence (transcript):** "Total assets under management grew 12% year-over-year to a new record level of more than $1.3 trillion." **Numbers:** 12%, $1.3 trillion ### 2. infrastructure_growth **Claim:** Our dedicated infrastructure platform grew 41% year-over-year to $84 billion underpinned by exceptional investment performance. **Evidence (transcript):** "Our dedicated infrastructure platform grew 41% year-over-year to $84 billion underpinned by exceptional investment performance." **Numbers:** 41%, $84 billion ### 3. bxma_growth **Claim:** Blackstone's multi-asset investing segment, BXMA, cross the $100 billion milestone in the first quarter up 15% year-over-year. **Evidence (transcript):** "Blackstone is an all-weather firm. Meanwhile, multiple pillars of strength are driving us forward." **Numbers:** 15%, $100 billion ### 4. bxlx6_fundraising **Claim:** In Life Sciences, our new flagship BXLX6 hit its hard cap in the first quarter, raising $6.3 billion, an industry record and nearly 40% larger than the prior vintage. **Evidence (transcript):** "In Life Sciences, our new flagship BXLX6 hit its hard cap in the first quarter, raising $6.3 billion, an industry record and nearly 40% larger than the prior vintage." **Numbers:** 6.3 billion, 40% ### 5. asia_flagship_fundraising **Claim:** In corporate private equity, we've raised nearly $12 billion to date for our new Asia flagship, including April closings, and we're approaching its $13 billion hard cap. compared to approximately $6 billion for the previous vintage. **Evidence (transcript):** "In corporate private equity, we've raised nearly $12 billion to date for our new Asia flagship, including April closings, and we're approaching its $13 billion hard cap. compared to approximately $6 billion for the previous vintage." **Numbers:** $12 billion, $13 billion, $6 billion ### 6. private_wealth_aum **Claim:** Our AUM in the channel increased 14% year-over-year to $310 billion and is up nearly threefold in the past 5 years. powered by our performance and brand. **Evidence (transcript):** "Our AUM in the channel increased 14% year-over-year to $310 billion and is up nearly threefold in the past 5 years. powered by our performance and brand." **Numbers:** 14%, $310 billion --- *Data source: FMP (live query, 2026-05-03), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*