Blackstone Secured Lending Fund (BXSL) EBITDA (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly EBITDA came in at $178.2 million in Q2 2026, down 0.83% on a YoY basis from $179.7 million in Q2 2025, and down 2.62% quarter-over-quarter from $183.0 million in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) EBITDA (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported EBITDA for 6 consecutive years, with $178.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA fell 0.83% year-over-year to $178.2 million; the trailing twelve-month figure through Jun 2026 stood at $744.6 million (down 0.6% YoY), and the FY2025 full-year result was $756.0 million, up 4.7% from the prior year.
- EBITDA declined to $178.2 million in Q2 2026 per BXSL's latest filing, from $183.0 million in the prior quarter.
- Across five years, EBITDA topped out at $193.7 million in Q3 2025 and bottomed at $104.1 million in Q1 2022.
- Historically, EBITDA has averaged $166.4 million across 5 years, with a median of $176.6 million in 2023.
- The sharpest annual moves came in 2023 and 2026: EBITDA jumped 67.64% in 2023, then slipped 5.16% in 2026.
- Over 5 years, EBITDA stood at $143.7 million in 2022, then gained by 22.97% to $176.7 million in 2023, then grew by 5.61% to $186.6 million in 2024, then advanced by 1.66% to $189.7 million in 2025, then decreased by 6.05% to $178.2 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered $178.2 million, $183.0 million, and $189.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 367.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 178.20 Mn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 176.89 Mn |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 93.80 Mn |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 139.07 Mn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 92.92 Mn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | - |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 85.22 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 5.81 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 32.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 178.20 Mn |
| Mar 31, 2026 | 183.00 Mn |
| Dec 31, 2025 | 189.68 Mn |
| Sep 30, 2025 | 193.71 Mn |
| Jun 30, 2025 | 179.70 Mn |
| Mar 31, 2025 | 192.97 Mn |
| Dec 31, 2024 | 186.57 Mn |
| Sep 30, 2024 | 189.83 Mn |
| Jun 30, 2024 | 176.52 Mn |
| Mar 31, 2024 | 169.20 Mn |
| Dec 31, 2023 | 176.66 Mn |
| Sep 30, 2023 | 165.78 Mn |
| Jun 30, 2023 | 176.46 Mn |
| Mar 31, 2023 | 151.80 Mn |
| Dec 31, 2022 | 143.66 Mn |
| Sep 30, 2022 | 132.14 Mn |
| Jun 30, 2022 | 105.27 Mn |
| Mar 31, 2022 | 104.09 Mn |
| Dec 31, 2021 | 111.04 Mn |
| Sep 30, 2021 | 96.03 Mn |