Blackstone Secured Lending Fund (BXSL) FCF Margin (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly FCF Margin came in at 76.58% in Q1 2026, down 4212.0% YoY 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) FCF Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of FCF Margin data on file, last reported at 76.58% in Q1 2026.
- Quarterly FCF Margin fell 4212.0% year-over-year to 76.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.73% (up 7784.0% YoY) and the FY2025 annual result came in at 32.32%, up 15807.0% from the prior year.
- FCF Margin advanced to 76.58% in Q1 2026, from 64.18% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 228.83% in Q3 2022 to a low of 256.3% in Q4 2024.
- A 5-year average of 19.88% and a median of 31.83% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 75923 bps — and 2024, when it plunged 39636 bps.
- Tracing BXSL's FCF Margin over 5 years: 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 | 176.99 Bn | 163.12 Bn | - | 15.78% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 37.86% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 55.96% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 30.52% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 25.83% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | -74.14% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 56.83% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | -14.38% |
| 10 | Blackstone Secured Lending Fund | 5.75 Bn | 5.48 Bn | - | 175.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 175.04% |
| 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 | 58.83% |
| Dec 31, 2022 | 66.88% |
| Sep 30, 2022 | 228.83% |
| Jun 30, 2022 | 20.78% |
| Mar 31, 2022 | -11.21% |
| Dec 31, 2021 | -692.35% |