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| 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 |