Blackstone Mortgage Trust (BXMT) Tax Rate (2011 - 2025)
Blackstone Mortgage Trust (BXMT) reported Tax Rate of -3.18% for Q2 2026, down 14.62 percentage points from 11.45% a year earlier but up 19.98 percentage points from the prior quarter.
Powered by 
Analysis
Blackstone Mortgage Trust (BXMT) Tax Rate (2011 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Blackstone Mortgage Trust's Tax Rate came in at 27.35%, up 45.27 percentage points year-over-year; for FY2025, it was 3.26%, up 4.47 percentage points from FY2024.
- Tax Rate has a five-year change of +3.04 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -1.20% in FY2024 (-3.32 pp), 2.12% in FY2023 (+0.93 pp), 1.18% in FY2022 (+1.08 pp) and 0.10% in FY2021 (-0.13 pp).
- Five-year quarterly Tax Rate spans a low of -68.83% in Q4 2023 and a high of 195.64% in Q1 2025.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +5.52 percentage points.
- The high point for year-over-year Tax Rate in five years was Q1 2025 (a gain of 196.46 percentage points); the low point was Q1 2026 (a drop of 218.80 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -23.16% (Q1 2026), 1.41% (Q4 2025) and 2.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 18.51% |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 30.92% |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 20.18% |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | - |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 25.38% |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 19.69% |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 0.83% |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Blackstone Mortgage Trust | 2.08 Bn | 268.76 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.41% |
| Sep 30, 2025 | 2.33% |
| Jun 30, 2025 | 11.45% |
| Mar 31, 2025 | 195.64% |
| Sep 30, 2023 | 4.98% |
| Jun 30, 2023 | 1.16% |
| Mar 31, 2023 | 1.58% |
| Sep 30, 2022 | 1.14% |
| Jun 30, 2022 | 0.79% |
| Mar 31, 2022 | 0.15% |
| Dec 31, 2021 | 0.06% |
| Sep 30, 2021 | 0.08% |
| Jun 30, 2021 | 0.13% |
| Mar 31, 2021 | 0.13% |
| Dec 31, 2020 | 0.15% |
| Sep 30, 2020 | 0.02% |
| Jun 30, 2020 | 0.12% |
| Dec 31, 2019 | 0.08% |
| Jun 30, 2019 | 0.06% |
| Mar 31, 2019 | 0.13% |
API Access
Blackstone Mortgage Trust Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=BXMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "BXMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=BXMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();