Blackstone releases transcript of second-quarter 2026 earnings investor call

• Blackstone reviewed Q2 2026 results on a July 23 investor call attended by Chairman and CEO Steve Schwarzman, President and COO Jon Gray, Vice Chairman and CFO Michael Chae.
• Distributable earnings totaled USD 2 billion, or USD 1.52 a share; GAAP net income reached USD 2.4 billion; dividend set at USD 1.29.
• Management tied performance to AI exposure, citing nearly USD 70 billion of quarterly inflows, record AUM of USD 1.35 trillion, data center platform value of USD 185 billion.
• New AI initiatives included up to USD 5 billion with Google for a TPU-based “neocloud,” a USD 35 billion Broadcom compute financing platform, the BXDC data center REIT.
• CFO flagged 2027 as a return to double-digit base fee growth, citing drawdowns, perpetual strategy scaling, credit dry powder of USD 84 billion, real estate fee stabilization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackstone Inc. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.