Filing Flows › Blackstone (BX) › Guidance & outlook
Blackstone (BX) guidance and outlook
Blackstone (BX) gave its guidance on Sep 22, 2026: Revenue (segment) $350M for ; Revenue (segment) +90% for . Blackstone's 10-Q filed Nov 6, 2026 makes 10 forward-looking statements, 1 of them new and 1 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | $350M | new | |
| Revenue | +90% | new |
From the earnings release filed Sep 22, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- Our Blackstone Real Estate Partners (“BREP”) business is geographically diversified and targets a broad range of opportunistic real estate and real estate-related investments.
- Our Blackstone Real Estate Debt Strategies (“BREDS”) platform primarily targets real estate-related debt investment opportunities.
- Blackstone GP Stakes targets minority investments in the general partners of private equity and other private market alternative asset management firms globally, with a focus on delivering a combination of recurring annual cash flow yield and long-term capital appreciation.
- “Private Wealth Assets Under Management” refers to the portion of assets under management attributable to the individual investor channel and comprises (a) all Assets Under Management in vehicles or share classes of vehicles, in each case that are primarily targeted to the individual investor channel (including parallel or related vehicles) and (b) Assets Under Management attributable only to individual investors…
- new · Although we have a strong pipeline of expected realizations for the fourth quarter of 2026, these factors could impact transaction activity for some time.
- We believe the ultimate impact of such disruption will vary significantly across companies based on multiple factors, with a number of companies well-positioned to be protected or benefit from such disruption.
- While defaults in direct lending have risen and we expect will continue to rise from a historically low level, our Credit & Insurance segment funds’ holdings are predominantly in senior secured credit with significant equity subordination from institutional borrowers.
- Blackstone is not a capital or balance sheet intensive business and targets operating expense levels such that total management and advisory fees exceed total operating expenses each period.
- In addition to the cash we receive from our notes offerings and availability under the Revolving Credit Facility and other borrowings, we expect to receive (a) cash generated from operating activities, (b) Performance Revenue realizations, and (c) realizations on the fund investments that we make.
- Our primary methodology for determining the fair values of such investments is generally the income approach which provides an indication of fair value based on the present value of cash flows that a business, security, or property is expected to generate in the future.
Blackstone's latest quarter
Blackstone, Q3 2026: revenue $3.1B (-0.8% year over year), operating margin 46.9%, net earnings $662M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
Questions
Did Blackstone raise or lower its guidance?
Blackstone (BX) gave its guidance on Sep 22, 2026: Revenue (segment) $350M for ; Revenue (segment) +90% for .
What does Blackstone expect?
Although we have a strong pipeline of expected realizations for the fourth quarter of 2026, these factors could impact transaction activity for some time.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.