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AI brief of an SEC Form 8-K · Blackstone (BX)

Blackstone Q2 2024 net income falls to $444 million; distributable earnings rise 3%

Mixed Impact 3 of 5 earnings Written later

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

CompanyBlackstone (BX)
Form8-K, current report
Filed with the SECJul 18, 2024, 6:55 AM ET
Accession number0001193125-24-180721

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing 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 and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.