Blackstone Secured Lending Fund (BXSL) FCF Margin (2021 - 2026)
Blackstone Secured Lending Fund posted quarterly FCF Margin of 76.58% for Q1 2026, down 4212.0% year-on-year from 1.86% in Q1 2025, and up 219.32% on a QoQ basis from 64.18% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) has 6 years of FCF Margin data on file, last reported 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.
- Across five years, FCF Margin topped out at 215.16% in Q3 2022 and bottomed at 256.3% in Q4 2024.
- The 5-year median for FCF Margin is 31.83% (2023), against an average of 20.57%.
- The widest annual swing landed in 2022, when FCF Margin soared 84774 bps; it then slumped 39636 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 66.88% in 2022, then tumbled by 163 bps to 42.05% in 2023, then slumped by 509 bps to 256.3% in 2024, then surged by 75 bps to 64.18% in 2025, then soared 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | -16.21% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 26.47% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 39.82% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 24.81% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 32.02% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -327.00% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 8.80% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -24.56% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 27.99% |
| 10 | Blackstone Secured Lending Fund | 5.56 Bn | 5.21 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% |