Blackstone Secured Lending Fund (BXSL) Free Cash Flow (2021 - 2026)

Blackstone Secured Lending Fund (BXSL) reported Free Cash Flow of $249.3 million for Q1 2026, down 41.3% on a YoY basis from $424.7 million in Q1 2025, and up 208.53% quarter-over-quarter from -$229.7 million in Q4 2025.

Blackstone Secured Lending Fund (BXSL) Free Cash Flow (2021 - 2026) Analysis & Trends

Blackstone Secured Lending Fund has reported Free Cash Flow for 6 years, with the latest figure at $249.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 41.3% year-over-year to $249.3 million; the trailing twelve-month figure through Mar 2026 stood at -$634.1 million (up 62.84% YoY), and the FY2025 full-year result was -$458.7 million, up 81.84% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $249.3 million, up from -$229.7 million in the prior quarter.
  • The five-year high for Free Cash Flow was $521.3 million in Q2 2023, with the low at -$903.9 million in Q4 2024.
  • Historically, Free Cash Flow has averaged -$94.3 million across 5 years, with a median of -$90.4 million in 2023.
  • Annual changes were most pronounced in 2023 — Free Cash Flow soared 1334.72% — and 2024, when it sank 606.45%.
  • Blackstone Secured Lending Fund's Free Cash Flow stood at $167.8 million in 2022, then tumbled by 176.24% to -$127.9 million in 2023, then slumped by 606.45% to -$903.9 million in 2024, then surged by 74.59% to -$229.7 million in 2025, then soared by 208.53% to $249.3 million in 2026.
  • The last three Free Cash Flow figures came in at $249.3 million (Q1 2026), -$229.7 million (Q4 2025), and -$432.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -1.09 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 957.64 Mn
3 Kkr 86.45 Bn 133.96 Bn - 1.72 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.62 Bn
5 State Street 46.95 Bn 21.27 Bn - -12.41 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -329.40 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 1.05 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 390.87 Mn
10 Blackstone Secured Lending Fund 5.48 Bn 5.13 Bn - 249.26 Mn

Historic Data

Download Data
DateValue
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