Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) reported EBT Margin of 25.45% for Q1 2026, down 250.0% on a YoY basis from 16.97% in Q1 2025, and up 3.5% quarter-over-quarter from 24.59% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund has reported EBT Margin for 6 years, with the latest figure at 25.45% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin fell 250.0% year-over-year to 25.45%; the trailing twelve-month figure through Mar 2026 stood at 25.76% (down 274.0% YoY), and the FY2025 full-year result was 26.39%, down 346.0% from the prior year.
- EBT Margin for Q1 2026 stood at 25.45%, up from 24.59% in the prior quarter.
- The five-year high for EBT Margin was 37.99% in Q2 2023, with the low at 24.59% in Q4 2025.
- Historically, EBT Margin has averaged 30.94% across 5 years, with a median of 32.18% in 2022.
- Annual changes were most pronounced in 2023 — EBT Margin surged 581 bps — and 2024, when it slumped 891 bps.
- Blackstone Secured Lending Fund's EBT Margin stood at 32.21% in 2022, then gained by 11 bps to 35.62% in 2023, then fell by 25 bps to 26.71% in 2024, then dropped by 8 bps to 24.59% in 2025, then climbed by 4 bps to 25.45% in 2026.
- The last three EBT Margin figures came in at 25.45% (Q1 2026), 24.59% (Q4 2025), and 27.61% (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 | 163.18 Bn | 153.56 Bn | - | 42.43% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 40.22% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 10.72% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 5.59% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 25.53% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 23.41% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 52.23% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 22.41% |
| 10 | Blackstone Secured Lending Fund | 5.48 Bn | 5.13 Bn | - | 25.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.45% |
| Dec 31, 2025 | 24.59% |
| Sep 30, 2025 | 27.61% |
| Jun 30, 2025 | 25.35% |
| Mar 31, 2025 | 27.95% |
| Dec 31, 2024 | 26.71% |
| Sep 30, 2024 | 29.61% |
| Jun 30, 2024 | 29.87% |
| Mar 31, 2024 | 33.71% |
| Dec 31, 2023 | 35.62% |
| Sep 30, 2023 | 35.40% |
| Jun 30, 2023 | 37.99% |
| Mar 31, 2023 | 33.46% |
| Dec 31, 2022 | 32.21% |
| Sep 30, 2022 | 33.86% |
| Jun 30, 2022 | 32.18% |
| Mar 31, 2022 | 34.37% |
| Dec 31, 2021 | 40.28% |
| Sep 30, 2021 | 38.26% |