| BX |
Report |
Distributable earnings per share |
BEAT |
pred ~$1.35 vs. cons $1.33 |
MEDIUM |
| BX |
Report |
Fee-related earnings |
IN-LINE |
pred ~$1.50B vs. cons $1.49B |
MEDIUM |
| BX |
Report |
Total inflows |
BEAT |
pred ~$58B vs. cons $54B |
MEDIUM |
| BX |
Guide |
Base-management-fee growth |
LOWER |
guide ~10% YoY vs. cons 11% YoY (Q4 2026) |
MEDIUM |
| BX |
Guide |
Realization-related revenue |
LOWER |
guide ~$1.7B vs. cons $2.0B (H2 2026) |
MEDIUM |
| BX |
Guide |
BCRED net flows |
LOWER |
guide ~-$2.2B vs. cons -$1.5B (Q3 2026) |
LOW |
| BX |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.3% |
— |
MEDIUM |
| BX |
Return |
5-day cumulative residual |
-3.8% (FOLLOW-THROUGH) |
A modest reported beat is outweighed by weaker out-period assumptions: H2 2026 realization-related revenue of ~$1.7B vs. consensus $2.0B and Q4 2026 base-management-fee growth of ~10% vs. consensus 11%, driving estimate cuts after the print. |
MEDIUM |