Blackstone Secured Lending Fund (BXSL) EBT (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly EBT came in at $77.1 million in Q2 2026, down 11.76% on a YoY basis from $87.4 million in Q2 2025, and down 6.89% quarter-over-quarter from $82.8 million in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) EBT (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported EBT for 6 consecutive years, with $77.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT fell 11.76% year-over-year to $77.1 million; the trailing twelve-month figure through Jun 2026 stood at $347.0 million (down 9.46% YoY), and the FY2025 full-year result was $374.4 million, down 5.45% from the prior year.
- EBT fell to $77.1 million in Q2 2026 per BXSL's latest filing, from $82.8 million in the prior quarter.
- Across five years, EBT topped out at $110.3 million in Q2 2023 and bottomed at $60.2 million in Q2 2022.
- Historically, EBT has averaged $89.8 million across 5 years, with a median of $91.1 million in 2024.
- The sharpest annual moves came in 2023 and 2026: EBT jumped 83.3% in 2023, then fell 17.16% in 2026.
- Over 5 years, EBT stood at $80.8 million in 2022, then jumped by 34.09% to $108.4 million in 2023, then fell by 13.08% to $94.2 million in 2024, then fell by 6.59% to $88.0 million in 2025, then declined by 12.34% to $77.1 million in 2026.
- According to Business Quant data, EBT over the past three periods registered $77.1 million, $82.8 million, and $88.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 153.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 77.13 Mn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 53.90 Mn |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 169.79 Mn |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 30.28 Mn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 61.78 Mn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | - |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | -3.98 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | -19.22 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 5.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.13 Mn |
| Mar 31, 2026 | 82.84 Mn |
| Dec 31, 2025 | 87.99 Mn |
| Sep 30, 2025 | 99.02 Mn |
| Jun 30, 2025 | 87.42 Mn |
| Mar 31, 2025 | 99.99 Mn |
| Dec 31, 2024 | 94.19 Mn |
| Sep 30, 2024 | 101.64 Mn |
| Jun 30, 2024 | 97.68 Mn |
| Mar 31, 2024 | 102.48 Mn |
| Dec 31, 2023 | 108.37 Mn |
| Sep 30, 2023 | 100.53 Mn |
| Jun 30, 2023 | 110.32 Mn |
| Mar 31, 2023 | 85.07 Mn |
| Dec 31, 2022 | 80.82 Mn |
| Sep 30, 2022 | 76.80 Mn |
| Jun 30, 2022 | 60.18 Mn |
| Mar 31, 2022 | 63.79 Mn |
| Dec 31, 2021 | 71.63 Mn |
| Sep 30, 2021 | 63.29 Mn |