The firm posted $68.3 billion of second-quarter inflows, taking first-half fundraising above $130 billion, while saying the U.S. artificial-intelligence build-out supported earnings across private equity, private credit and real estate.
Blackstone reported $2.4 billion in net income and $68.3 billion in second-quarter 2026 inflows in results released before the market open on July 23, following roughly $68 billion of inflows in the first quarter and pushing first-half fundraising above $130 billion. The firm said profits were boosted by revenue tied to the United States’ artificial-intelligence build-out, with benefits extending across private equity, private credit and real estate. A June 23 intra-quarter update had already pointed to more than $500 million in second-quarter realization revenue, mainly from performance fees earned between April 1 and June 23. Blackstone has not taken direct exposure to crypto tokens or blockchain protocols, but its Blackstone Digital Infrastructure Trust, or BXDC, which went public in 2026 and focuses on data centers, remains a closely watched digital-infrastructure business linked to AI-related demand.