Blackstone Secured Lending Fund (BXSL) Free Cash Flow (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) posted Free Cash Flow of $249.3 million for Q1 2026, up 208.53% on a QoQ basis from -$229.7 million in Q4 2025, and down 41.3% year-over-year from $424.7 million in Q1 2025.
Blackstone Secured Lending Fund (BXSL) Free Cash Flow (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund's Free Cash Flow history runs 6 years deep, the most recent figure standing at $249.3 million for Q1 2026.
- Quarterly Free Cash Flow fell 41.3% year-over-year to $249.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$634.1 million (up 62.84% YoY) and the FY2025 annual result came in at -$458.7 million, up 81.84% from the prior year.
- Free Cash Flow was $249.3 million for Q1 2026 at Blackstone Secured Lending Fund, up from -$229.7 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $521.3 million in Q2 2023 and bottomed at -$903.9 million in Q4 2024.
- A 5-year average of -$94.3 million and a median of -$90.4 million in 2023 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2023 — Free Cash Flow soared 1334.72% — and 2024, when it plunged 606.45%.
- Blackstone Secured Lending Fund's Free Cash Flow stood at $167.8 million in 2022, then sank by 176.24% to -$127.9 million in 2023, then plunged by 606.45% to -$903.9 million in 2024, then jumped by 74.59% to -$229.7 million in 2025, then surged by 208.53% to $249.3 million in 2026.
- Business Quant data shows BXSL's Free Cash Flow at $249.3 million in Q1 2026, -$229.7 million in Q4 2025, and -$432.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | -1.09 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 957.64 Mn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 1.62 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | -12.41 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 430.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | -329.40 Mn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 1.05 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 762.30 Mn |
| 10 | Blackstone Secured Lending Fund | 5.37 Bn | 5.02 Bn | - | 249.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 249.26 Mn |
| Mar 31, 2026 | 249.26 Mn |
| Dec 31, 2025 | -229.66 Mn |
| Dec 31, 2025 | -229.66 Mn |
| Sep 30, 2025 | -432.60 Mn |
| Sep 30, 2025 | -432.60 Mn |
| Jun 30, 2025 | -221.06 Mn |
| Jun 30, 2025 | -221.06 Mn |
| Mar 31, 2025 | 424.66 Mn |
| Mar 31, 2025 | 424.66 Mn |
| Dec 31, 2024 | -903.87 Mn |
| Dec 31, 2024 | -903.87 Mn |
| Sep 30, 2024 | -517.72 Mn |
| Sep 30, 2024 | -517.72 Mn |
| Jun 30, 2024 | -709.18 Mn |
| Jun 30, 2024 | -709.18 Mn |
| Mar 31, 2024 | -395.53 Mn |
| Mar 31, 2024 | -395.53 Mn |
| Dec 31, 2023 | -127.95 Mn |
| Dec 31, 2023 | -127.95 Mn |