Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly EBT Margin came in at 19.44% in Q1 2026, down 641.0% YoY from 3.59% in Q1 2025, and down 3.21% on a QoQ basis from 20.09% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of EBT Margin data on file, last reported at 19.44% in 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 598.0% YoY) and the FY2025 annual result came in at 25.25%, down 350.0% from the prior year.
- EBT Margin retreated to 19.44% in Q1 2026, from 20.09% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 42.21% in Q4 2023 to a low of 19.44% in Q1 2026.
- A 5-year average of 28.38% and a median of 29.19% in 2022 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2023 — EBT Margin soared 837 bps — and 2024, when it slumped 1149 bps.
- Tracing BXSL's EBT Margin over 5 years: stood at 33.84% in 2022, then advanced by 25 bps to 42.21% in 2023, then dropped by 27 bps to 30.72% in 2024, then tumbled by 35 bps to 20.09% in 2025, then decreased by 3 bps to 19.44% in 2026.
- The last three EBT Margin figures came in at 19.44% (Q1 2026), 20.09% (Q4 2025), and 22.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 38.38% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 55.68% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 24.00% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 76.10% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 22.28% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 34.31% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 28.77% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 78.90% |
| 10 | Blackstone Secured Lending Fund | 5.75 Bn | 5.48 Bn | - | 24.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.07% |
| 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 | 30.72% |
| 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 | 33.84% |
| Sep 30, 2022 | 29.19% |
| Jun 30, 2022 | 34.42% |
| Mar 31, 2022 | 24.13% |
| Dec 31, 2021 | 37.70% |
| Sep 30, 2021 | 26.25% |