Blackstone Secured Lending Fund (BXSL) FCF Margin (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) reported FCF Margin of 76.58% for Q1 2026, down 4212.0% on a YoY basis from 1.86% in Q1 2025, and up 219.32% quarter-over-quarter from 64.18% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) FCF Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund has reported FCF Margin for 6 years, with the latest figure at 76.58% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 4212.0% year-over-year to 76.58%; the trailing twelve-month figure through Mar 2026 stood at 45.73% (up 7784.0% YoY), and the FY2025 full-year result was 32.32%, up 15807.0% from the prior year.
- FCF Margin for Q1 2026 stood at 76.58%, up from 64.18% in the prior quarter.
- The five-year high for FCF Margin was 215.16% in Q3 2022, with the low at 256.3% in Q4 2024.
- Historically, FCF Margin has averaged 20.57% across 5 years, with a median of 31.83% in 2023.
- Annual changes were most pronounced in 2022 — FCF Margin soared 84774 bps — and 2024, when it plunged 39636 bps.
- Blackstone Secured Lending Fund's FCF Margin stood at 66.88% in 2022, then plunged by 163 bps to 42.05% in 2023, then tumbled by 509 bps to 256.3% in 2024, then jumped by 75 bps to 64.18% in 2025, then surged by 219 bps to 76.58% in 2026.
- The last three FCF Margin figures came in at 76.58% (Q1 2026), 64.18% (Q4 2025), and 120.65% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | -16.21% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 26.47% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 39.82% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 32.02% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | -24.56% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 24.73% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 27.99% |
| 10 | Blackstone Secured Lending Fund | 5.48 Bn | 5.13 Bn | - | 76.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.58% |
| Dec 31, 2025 | -64.18% |
| Sep 30, 2025 | -120.65% |
| Jun 30, 2025 | -64.11% |
| Mar 31, 2025 | 118.70% |
| Dec 31, 2024 | -256.30% |
| Sep 30, 2024 | -150.84% |
| Jun 30, 2024 | -216.83% |
| Mar 31, 2024 | -130.13% |
| Dec 31, 2023 | -42.05% |
| Sep 30, 2023 | -31.83% |
| Jun 30, 2023 | 179.53% |
| Mar 31, 2023 | 61.31% |
| Dec 31, 2022 | 66.88% |
| Sep 30, 2022 | 215.16% |
| Jun 30, 2022 | 19.43% |
| Mar 31, 2022 | -10.33% |
| Dec 31, 2021 | -780.85% |