Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly EBT Margin came in at 24.07% in Q2 2026, down 128.0% on a YoY basis from 85.96% in Q2 2025, and down 5.43% quarter-over-quarter from 25.45% in Q1 2026.
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Blackstone Secured Lending Fund (BXSL) EBT Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported EBT Margin for 6 consecutive years, with 24.07% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin fell 128.0% year-over-year to 24.07%; the trailing twelve-month figure through Jun 2026 stood at 25.47% (down 194.0% YoY), and the FY2025 full-year result was 26.39%, down 346.0% from the prior year.
- EBT Margin declined to 24.07% in Q2 2026 per BXSL's latest filing, from 25.45% in the prior quarter.
- Across five years, EBT Margin topped out at 37.99% in Q2 2023 and bottomed at 24.07% in Q2 2026.
- Historically, EBT Margin has averaged 30.48% across 5 years, with a median of 30.99% in 2023.
- The sharpest annual moves came in 2023 and 2024: EBT Margin soared 581 bps in 2023, then tumbled 891 bps in 2024.
- Over 5 years, EBT Margin stood at 32.21% in 2022, then climbed by 11 bps to 35.62% in 2023, then decreased by 25 bps to 26.71% in 2024, then fell by 8 bps to 24.59% in 2025, then decreased by 2 bps to 24.07% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 24.07%, 25.45%, and 24.59% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 19.92% |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 24.07% |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 13.43% |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | 8.96% |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 41.43% |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | -29.09% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.02 Bn | - | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.07% |
| 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 | 32.11% |
| Dec 31, 2022 | 32.21% |
| Sep 30, 2022 | 33.86% |
| Jun 30, 2022 | 32.18% |
| Mar 31, 2022 | 34.37% |
| Dec 31, 2021 | 37.30% |
| Sep 30, 2021 | 37.92% |