Business Segments · Fee Related Earnings
Multi Assets Investing — Fee Related Earnings
Blackstone Multi Assets Investing — Fee Related Earnings increased by 18.0% to $72.13M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 28.0%, from $56.37M to $72.13M. Over 3 years (FY 2022 to FY 2025), Multi Assets Investing — Fee Related Earnings shows relatively stable performance with a 1.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026May 8, 2026
How to read this metric
Higher earnings indicate a more profitable and scalable core business model.
Detailed definition
A key profitability metric calculated as fee-related revenues minus fee-related compensation and other operating expense...
Peer comparison
Widely used as 'Fee-Related Earnings' (FRE) by alternative asset managers to show recurring profitability.
Metric ID:
bx_segment_multi_assets_investing_fee_related_earningsHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $60.90M | $60.90M | $60.90M | $60.90M | $65.48M | $48.93M | $50.33M | $48.39M | $53.08M | $54.58M | $57.01M | $63.90M | $56.37M | $63.45M | $72.10M | $61.15M | $72.13M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +7.5% | -25.3% | +2.9% | -3.9% | +9.7% | +2.8% | +4.4% | +12.1% | -11.8% | +12.6% | +13.6% | -15.2% | +18.0% |
| YoY Change | — | — | — | — | +7.5% | -19.7% | -17.4% | -20.5% | -18.9% | +11.5% | +13.3% | +32.0% | +6.2% | +16.2% | +26.5% | -4.3% | +28.0% |
Range$48.39M – $72.13M
CAGR+4.3%
Avg YoY Growth+4.7%
Median YoY Growth+7.5%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Blackstone's multi assets investing — fee related earnings?
- Blackstone (BX) reported multi assets investing — fee related earnings of $72.13M in Q1 2026.
- How has Blackstone's multi assets investing — fee related earnings changed year-over-year?
- Blackstone's multi assets investing — fee related earnings increased by 28.0% year-over-year, from $56.37M to $72.13M.
- What is the long-term trend for Blackstone's multi assets investing — fee related earnings?
- Over 3 years (2022 to 2025), Blackstone's multi assets investing — fee related earnings has grown at a 1.3% compound annual growth rate (CAGR), from $243.59M to $253.07M.
- What does multi assets investing — fee related earnings mean?
- The core operating profit of the segment excluding performance-based gains.