Blackstone Mortgage Trust (BXMT) Net Margin (2010 - 2026)

Blackstone Mortgage Trust (BXMT) reported Net Margin of 5.45% for Q1 2026, up 523.0% year-over-year from 0.87% in Q1 2025, and up 112.93% quarter-over-quarter from 42.13% in Q4 2025.

Blackstone Mortgage Trust (BXMT) Net Margin (2010 - 2026) Analysis & Trends

Blackstone Mortgage Trust (BXMT) has 7 years of Net Margin data on file, last reported at 5.45% in Q1 2026.

  • Net Margin for Q1 2026 came in at 5.45%, up 523.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.72% (down 2817.0% YoY), and the FY2025 annual result was 19.98%, down 3516.0% from the prior year.
  • Net Margin grew to 5.45% in Q1 2026 per BXMT's latest filing, from 42.13% in the prior quarter.
  • Over five years, Net Margin peaked at 16.49% in Q2 2024 and troughed at 55.95% in Q3 2025.
  • A 4-year average of 10.68% and a median of 0.56% in 2023 frame the typical range for Net Margin.
  • On a YoY basis, Net Margin climbed as much as 4301 bps in 2025 and fell as far as 7226 bps in 2025.
  • A 4-year view of Net Margin shows it stood at 0.56% in 2023, then tumbled by 3432 bps to 19.7% in 2024, then sank by 114 bps to 42.13% in 2025, then soared by 113 bps to 5.45% in 2026.
  • Business Quant data shows BXMT's Net Margin at 5.45% in Q1 2026, 42.13% in Q4 2025, and 55.95% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -
2 AGNC Investment 11.42 Bn 10.75 Bn - -
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 11.21%
4 Rithm Capital 5.08 Bn 4.78 Bn - 4.91%
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 5.45%
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - 26.97%
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -
10 Ladder Capital 1.28 Bn 1.25 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 5.45%
Dec 31, 2025 -42.13%
Sep 30, 2025 -55.95%
Jun 30, 2025 -3.96%
Mar 31, 2025 0.21%
Dec 31, 2024 -19.70%
Sep 30, 2024 16.32%
Jun 30, 2024 16.49%
Mar 31, 2024 -42.80%
Dec 31, 2023 -0.56%
Sep 30, 2023 9.11%
Sep 30, 2012 0.48%
Jun 30, 2012 -3.50%
Mar 31, 2012 -3.13%
Dec 31, 2011 -113.69%
Sep 30, 2011 28.61%
Jun 30, 2011 18.00%
Mar 31, 2011 652.93%
Dec 31, 2010 65.85%
Sep 30, 2010 -312.21%