Blackstone flags >$350M realization revenue through Sep 22

Blackstone Inc. said on September 22, 2026 that it preliminarily expects to record more than $350 million of combined Realized Performance Revenues and Realized Principal Investment Income for realization activity from July 1 through September 22, 2026, according to a Form 8-K and Exhibit 99.1 filed with the SEC.

Blackstone said it preliminarily expects to record more than $350 million of combined Realized Performance Revenues and Realized Principal Investment Income tied to realization activity from July 1 through September 22, 2026, and furnished the estimate under Regulation FD.

What Blackstone estimated

In a Form 8-K dated September 22, 2026 (AccNo 0001193125-26-398100), Blackstone Inc. (NYSE: BX) said it posted a press release on its website announcing a preliminary estimate of revenue it expects to record related to realization activity for the period from July 1, 2026 to September 22, 2026. The press release is attached as Exhibit 99.1.

Based on information then available, Blackstone said it preliminarily expects to record total Realized Performance Revenues and total Realized Principal Investment Income for that period in excess of $350 million, comprised of approximately 90% Realized Performance Revenues. The company said the estimate covers revenue related to investment realizations closed to date in the third quarter and also includes certain non-fee related incentive fees and other investment income expected to be realized at quarter end. It said the estimate does not include revenue from any realization activity that may occur after September 22, 2026.

How Blackstone framed the limits

Exhibit 99.1 states the preliminary estimate is not intended to predict or represent total Realized Performance Revenues, total Realized Principal Investment Income, or total Segment Revenues for the quarter ending September 30, 2026, and that results for the full quarter may differ materially. Blackstone said the estimate does not include the results or impact of any other sources of income, including fee income, or expenses, and that it may realize further gains or losses on Realized Performance Revenues and Realized Principal Investment Income for the full quarter. The company also said the estimate is not indicative of results that may be expected for any other period, including the year ending December 31, 2026.

Filing status

Item 7.01 of the Form 8-K states that the information in Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into Securities Act or Exchange Act filings except by specific reference. Item 9.01 lists Exhibit 99.1 as the September 22, 2026 press release.

In the same exhibit, Blackstone described itself as the world’s largest alternative asset manager with over $1.3 trillion in assets under management.