Business Segments · Fee Related Earnings
Private Equity — Fee Related Earnings
Blackstone Private Equity — Fee Related Earnings increased by 22.2% to $596.88M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 58.5%, from $376.48M to $596.88M. Over 4 years (FY 2021 to FY 2025), Private Equity — Fee Related Earnings shows an upward trend with a 18.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026May 8, 2026
How to read this metric
Higher values indicate a stronger, more stable core business that is less dependent on market volatility.
Detailed definition
Measures the recurring profitability of the private equity segment derived from management and advisory fees, net of rel...
Peer comparison
Standard metric across the alternative asset management industry to measure core fee-based profitability.
Metric ID:
bx_segment_private_equity_fee_related_earningsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $195.47M | $224.33M | $313.17M | $187.55M | $202.00M | $268.63M | $350.54M | $226.70M | $275.89M | $267.60M | $272.91M | $248.61M | $278.05M | $292.97M | $1.01B | $376.48M | $519.40M | $491.38M | $488.56M | $596.88M |
| QoQ Change | — | +14.8% | +39.6% | -40.1% | +7.7% | +33.0% | +30.5% | -35.3% | +21.7% | -3.0% | +2.0% | -8.9% | +11.8% | +5.4% | +244.2% | -62.7% | +38.0% | -5.4% | -0.6% | +22.2% |
| YoY Change | — | — | — | — | +3.3% | +19.7% | +11.9% | +20.9% | +36.6% | -0.4% | -22.1% | +9.7% | +0.8% | +9.5% | +269.5% | +51.4% | +86.8% | +67.7% | -51.6% | +58.5% |
Range$187.55M – $1.01B
CAGR+26.5%
Avg YoY Growth+35.8%
Median YoY Growth+15.8%
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Frequently Asked Questions
- What is Blackstone's private equity — fee related earnings?
- Blackstone (BX) reported private equity — fee related earnings of $596.88M in Q1 2026.
- How has Blackstone's private equity — fee related earnings changed year-over-year?
- Blackstone's private equity — fee related earnings increased by 58.5% year-over-year, from $376.48M to $596.88M.
- What is the long-term trend for Blackstone's private equity — fee related earnings?
- Over 4 years (2021 to 2025), Blackstone's private equity — fee related earnings has grown at a 18.6% compound annual growth rate (CAGR), from $947.77M to $1.88B.
- What does private equity — fee related earnings mean?
- The core recurring profit generated by the private equity segment from management fees after deducting operating expenses.