Blackstone Secured Lending Fund (BXSL) Accumulated Expenses (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Accumulated Expenses came in at $7.9 million in Q1 2026, down 1.35% YoY from $8.0 million in Q1 2025, and down 61.99% on a QoQ basis from $20.8 million in Q4 2025.
Blackstone Secured Lending Fund (BXSL) Accumulated Expenses (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of Accumulated Expenses data on file, last reported at $7.9 million in Q1 2026.
- Quarterly Accumulated Expenses fell 1.35% year-over-year to $7.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.9 million (down 1.35% YoY) and the FY2025 annual result came in at $20.8 million, down 61.5% from the prior year.
- Accumulated Expenses eased to $7.9 million in Q1 2026, from $20.8 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $65.2 million in Q2 2025 to a low of $3.5 million in Q2 2023.
- A 5-year average of $27.2 million and a median of $20.8 million in 2025 frame the typical range for Accumulated Expenses.
- Annual changes were most pronounced in 2022 — Accumulated Expenses jumped 1363.3% — and 2025, when it plunged 61.5%.
- Tracing BXSL's Accumulated Expenses over 5 years: stood at $45.3 million in 2022, then declined by 11.94% to $39.9 million in 2023, then jumped by 35.3% to $54.0 million in 2024, then sank by 61.5% to $20.8 million in 2025, then slumped by 61.99% to $7.9 million in 2026.
- The last three Accumulated Expenses figures came in at $7.9 million (Q1 2026), $20.8 million (Q4 2025), and $58.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - |
| 10 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 62.77 Mn |
| Mar 31, 2026 | 7.90 Mn |
| Dec 31, 2025 | 20.77 Mn |
| Sep 30, 2025 | 58.37 Mn |
| Jun 30, 2025 | 65.17 Mn |
| Mar 31, 2025 | 8.00 Mn |
| Dec 31, 2024 | 53.96 Mn |
| Sep 30, 2024 | 23.87 Mn |
| Jun 30, 2024 | 44.34 Mn |
| Mar 31, 2024 | 4.33 Mn |
| Dec 31, 2023 | 39.88 Mn |
| Sep 30, 2023 | 8.48 Mn |
| Jun 30, 2023 | 3.55 Mn |
| Mar 31, 2023 | 3.88 Mn |
| Dec 31, 2022 | 45.29 Mn |
| Sep 30, 2022 | 19.72 Mn |
| Dec 31, 2021 | 3.10 Mn |