Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) posted EBT Margin of 19.44% for Q1 2026, down 3.21% on a QoQ basis from 20.09% in Q4 2025, and down 641.0% year-over-year from 3.59% in Q1 2025.
Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund's EBT Margin history runs 6 years deep, the most recent figure standing at 19.44% for Q1 2026.
- Quarterly EBT Margin fell 641.0% year-over-year to 19.44% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.56% (down 391.0% YoY) and the FY2025 annual result came in at 25.25%, down 350.0% from the prior year.
- EBT Margin was 19.44% for Q1 2026 at Blackstone Secured Lending Fund, down from 20.09% in the prior quarter.
- Across five years, EBT Margin topped out at 42.21% in Q4 2023 and bottomed at 19.44% in Q1 2026.
- A 5-year average of 27.78% and a median of 25.85% in 2025 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2023 — EBT Margin jumped 1055 bps — and 2024, when it sank 1962 bps.
- Blackstone Secured Lending Fund's EBT Margin stood at 31.66% in 2022, then soared by 33 bps to 42.21% in 2023, then slumped by 46 bps to 22.59% in 2024, then declined by 11 bps to 20.09% in 2025, then dropped by 3 bps to 19.44% in 2026.
- Business Quant data shows BXSL's EBT Margin at 19.44% in Q1 2026, 20.09% in Q4 2025, and 22.38% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 175.98% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 42.43% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 40.22% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 130.41% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 25.53% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 23.41% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 52.23% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 19.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 34.04% |
| 10 | Blackstone Secured Lending Fund | 5.37 Bn | 5.02 Bn | - | 19.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.44% |
| Dec 31, 2025 | 20.09% |
| Sep 30, 2025 | 22.38% |
| Jun 30, 2025 | 24.25% |
| Mar 31, 2025 | 25.85% |
| Dec 31, 2024 | 22.59% |
| Sep 30, 2024 | 23.84% |
| Jun 30, 2024 | 29.87% |
| Mar 31, 2024 | 31.77% |
| Dec 31, 2023 | 42.21% |
| Sep 30, 2023 | 30.36% |
| Jun 30, 2023 | 36.28% |
| Mar 31, 2023 | 23.89% |
| Dec 31, 2022 | 31.66% |
| Sep 30, 2022 | 29.19% |
| Jun 30, 2022 | 34.42% |
| Mar 31, 2022 | 24.13% |
| Dec 31, 2021 | 50.62% |
| Sep 30, 2021 | 26.25% |