Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026)
Blackstone Secured Lending Fund posted quarterly EBT Margin of 25.45% for Q1 2026, down 250.0% year-on-year from 16.97% in Q1 2025, and up 3.5% on a QoQ basis from 24.59% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) has 6 years of EBT Margin data on file, last reported 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.
- Across five years, EBT Margin topped out at 37.99% in Q2 2023 and bottomed at 24.59% in Q4 2025.
- The 5-year median for EBT Margin is 32.18% (2022), against an average of 30.94%.
- The widest annual swing landed in 2023, when EBT Margin surged 581 bps; it then plunged 891 bps in 2024.
- A 5-year view of EBT Margin shows it stood at 32.21% in 2022, then advanced by 11 bps to 35.62% in 2023, then retreated by 25 bps to 26.71% in 2024, then declined by 8 bps to 24.59% in 2025, then grew 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 42.43% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 40.22% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 10.72% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 52.02% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 5.59% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 25.53% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 23.41% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 52.23% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 22.41% |
| 10 | Blackstone Secured Lending Fund | 5.56 Bn | 5.21 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% |