Blackstone Secured Lending Fund (BXSL) Free Cash Flow (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Free Cash Flow came in at $249.3 million in Q1 2026, down 41.3% YoY from $424.7 million in Q1 2025, and up 208.53% on a QoQ basis from -$229.7 million in Q4 2025.
Blackstone Secured Lending Fund (BXSL) Free Cash Flow (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of Free Cash Flow data on file, last reported at $249.3 million in 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 grew to $249.3 million in Q1 2026, from -$229.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $521.3 million in Q2 2023 to a low of -$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 sank 606.45%.
- Tracing BXSL's Free Cash Flow over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 1.12 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 1.91 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 3.20 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 535.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 2.88 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | -3.00 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 2.85 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | -308.00 Mn |
| 10 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 560.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 560.96 Mn |
| Jun 30, 2026 | 560.96 Mn |
| 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 |