Blackstone Q2 2024 net income falls to $444 million; distributable earnings rise 3%
Blackstone reported second quarter 2024 results, with GAAP net income attributable to Blackstone Inc. of $444 million, down from $601 million a year earlier, and diluted earnings per share of $0.58 versus $0.79. Distributable earnings rose to $1.3 billion ($0.96 per share) while total revenues were roughly flat, so shareholders see a mixed picture on profit measures and a higher distributable earnings figure.
Key points
- GAAP net income attributable to Blackstone Inc. was $444 million in Q2 2024 versus $601 million in Q2 2023; diluted EPS was $0.58 versus $0.79.
- Total revenues were $2.80 billion versus $2.81 billion a year earlier.
- Distributable earnings were $1.3 billion ($0.96 per share) versus $1.2 billion ($0.93 per share); fee related earnings were $1.1 billion ($0.91 per share) versus $1.14 billion in Q2 2023.
- Declared a quarterly dividend of $0.82 per share, with a July 29, 2024 record date and August 5, 2024 payment date; share repurchase authorization was increased to $2.0 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.