Blackstone Mortgage Trust (BXMT) Net Margin (2010 - 2026)
Blackstone Mortgage Trust (BXMT) posted quarterly Net Margin of 39.93% for Q2 2026, up 4388.0% year-over-year from 0.89% in Q2 2025, and up 628.13% quarter-over-quarter from 5.48% in Q1 2026.
Blackstone Mortgage Trust (BXMT) Net Margin (2010 - 2026) Analysis & Trends
Blackstone Mortgage Trust (BXMT) has reported Net Margin for 7 consecutive years, with 39.93% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 4388.0% year-over-year to 39.93%; the TTM figure through Jun 2026 stood at 4.77% (up 342.0% YoY), while the FY2025 annual figure was 19.98%, down 3516.0% from the prior year.
- Net Margin improved to 39.93% in Q2 2026 per BXMT's latest filing, from 5.48% in the prior quarter.
- Across five years, Net Margin topped out at 39.93% in Q2 2026 and bottomed at 55.94% in Q3 2025.
- Historically, Net Margin has averaged 2.5% across 4 years, with a median of 2.73% in 2025.
- Annual changes were most pronounced in 2025 — Net Margin plunged 7225 bps — and 2026, when it soared 4388 bps.
- Blackstone Mortgage Trust's Net Margin stood at 0.45% in 2023, then sank by 4280 bps to 19.69% in 2024, then surged by 127 bps to 5.24% in 2025, then soared by 661 bps to 39.93% in 2026.
- Business Quant data shows BXMT's Net Margin at 39.93% in Q2 2026, 5.48% in Q1 2026, and 5.24% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | - |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 2.92% |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.57% |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 39.93% |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 34.76% |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 142.94% |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.93% |
| Mar 31, 2026 | 5.45% |
| Dec 31, 2025 | 19.57% |
| Sep 30, 2025 | -25.77% |
| Jun 30, 2025 | -3.96% |
| Mar 31, 2025 | 0.20% |
| Dec 31, 2024 | 20.42% |
| 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 | -53.04% |
| Sep 30, 2011 | 28.61% |
| Jun 30, 2011 | 18.00% |
| Mar 31, 2011 | 652.93% |
| Dec 31, 2010 | 29.42% |