Blackstone Secured Lending Fund (BXSL) EBIT Margin (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) reported EBIT Margin of 56.23% for Q1 2026, up 229.0% on a YoY basis from 17.09% in Q1 2025, and up 6.08% quarter-over-quarter from 53.01% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) EBIT Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund has reported EBIT Margin for 6 years, with the latest figure at 56.23% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin rose 229.0% year-over-year to 56.23%; the trailing twelve-month figure through Mar 2026 stood at 53.8% (down 22.0% YoY), and the FY2025 full-year result was 53.28%, down 114.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 56.23%, up from 53.01% in the prior quarter.
- The five-year high for EBIT Margin was 60.77% in Q2 2023, with the low at 52.12% in Q2 2025.
- Historically, EBIT Margin has averaged 56.0% across 5 years, with a median of 56.08% in 2022.
- Annual changes were most pronounced in 2023 — EBIT Margin soared 448 bps — and 2024, when it plunged 680 bps.
- Blackstone Secured Lending Fund's EBIT Margin stood at 57.26% in 2022, then grew by 1 bps to 58.06% in 2023, then dropped by 9 bps to 52.9% in 2024, then grew by 0 bps to 53.01% in 2025, then gained by 6 bps to 56.23% in 2026.
- The last three EBIT Margin figures came in at 56.23% (Q1 2026), 53.01% (Q4 2025), and 54.02% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 42.01% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 44.01% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 46.06% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 73.37% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 170.02% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 26.04% |
| 10 | Blackstone Secured Lending Fund | 5.48 Bn | 5.13 Bn | - | 56.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 56.23% |
| Dec 31, 2025 | 53.01% |
| Sep 30, 2025 | 54.02% |
| Jun 30, 2025 | 52.12% |
| Mar 31, 2025 | 53.94% |
| Dec 31, 2024 | 52.90% |
| Sep 30, 2024 | 55.31% |
| Jun 30, 2024 | 53.97% |
| Mar 31, 2024 | 55.66% |
| Dec 31, 2023 | 58.06% |
| Sep 30, 2023 | 58.38% |
| Jun 30, 2023 | 60.77% |
| Mar 31, 2023 | 59.71% |
| Dec 31, 2022 | 57.26% |
| Sep 30, 2022 | 58.27% |
| Jun 30, 2022 | 56.29% |
| Mar 31, 2022 | 56.08% |
| Dec 31, 2021 | 62.44% |
| Sep 30, 2021 | 58.05% |