Blackstone Mortgage Trust (BXMT) Net Margin (2010 - 2026)
Blackstone Mortgage Trust's (BXMT) quarterly Net Margin came in at 5.45% in Q1 2026, up 525.0% year-on-year from 0.87% in Q1 2025, and down 74.52% on a QoQ basis from 21.38% 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.
- On a quarterly basis, Net Margin rose 525.0% year-over-year to 5.45% in Q1 2026; TTM through Mar 2026 was 29.28%, a 3924.0% decrease from a year earlier, with the FY2025 full-year figure at 9.95%, down 2513.0% from the prior year.
- Net Margin for Q1 2026 stood at 5.45%, down from 21.38% in the prior quarter.
- Over the last five years, Net Margin for BXMT reached as high as 21.38% in Q4 2025 and fell as low as 42.8% in Q1 2024.
- Historically, Net Margin has averaged 1.01% across 4 years, with a median of 5.45% in 2026.
- On a YoY basis, Net Margin climbed as much as 4300 bps in 2025 and fell as far as 3806 bps in 2025.
- Year by year, Net Margin stood at 0.55% in 2023, then soared by 3621 bps to 19.22% in 2024, then gained by 11 bps to 21.38% in 2025, then plunged by 75 bps to 5.45% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 5.45% in Q1 2026, 21.38% in Q4 2025, and 25.77% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | - |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 11.21% |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 4.91% |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 5.45% |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 51.82% |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | - |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.45% |
| Dec 31, 2025 | 21.38% |
| Sep 30, 2025 | -25.77% |
| Jun 30, 2025 | -3.96% |
| Mar 31, 2025 | 0.20% |
| Dec 31, 2024 | 19.22% |
| Sep 30, 2024 | 12.29% |
| Jun 30, 2024 | 16.49% |
| Mar 31, 2024 | -42.80% |
| Dec 31, 2023 | -0.55% |
| Sep 30, 2023 | 9.11% |
| Sep 30, 2012 | 0.48% |
| Jun 30, 2012 | -3.50% |
| Mar 31, 2012 | -3.13% |
| Dec 31, 2011 | -83.55% |
| 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% |