Blackstone Secured Lending Fund (BXSL) Interest Expenses (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Interest Expenses came in at $115.6 million in Q1 2026, up 20.07% YoY from $96.3 million in Q1 2025, and up 13.71% on a QoQ basis from $101.7 million in Q4 2025.
Blackstone Secured Lending Fund (BXSL) Interest Expenses (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of Interest Expenses data on file, last reported at $115.6 million in Q1 2026.
- Quarterly Interest Expenses rose 20.07% year-over-year to $115.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $423.1 million (up 23.37% YoY) and the FY2025 annual result came in at $381.6 million, up 17.02% from the prior year.
- Interest Expenses grew to $115.6 million in Q1 2026, from $101.7 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $115.6 million in Q1 2026 to a low of $45.1 million in Q2 2022.
- A 5-year average of $80.4 million and a median of $78.8 million in 2024 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2024 — Interest Expenses dropped 17.95% — and 2025, when it surged 59.59%.
- Tracing BXSL's Interest Expenses over 5 years: stood at $57.4 million in 2022, then gained by 6.04% to $60.8 million in 2023, then rose by 4.74% to $63.7 million in 2024, then surged by 59.59% to $101.7 million in 2025, then advanced by 13.71% to $115.6 million in 2026.
- The last three Interest Expenses figures came in at $115.6 million (Q1 2026), $101.7 million (Q4 2025), and $113.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 134.00 Mn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 145.02 Mn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 702.75 Mn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 53.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 88.00 Mn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 1.98 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 169.00 Mn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.51 Bn |
| 10 | Blackstone Secured Lending Fund | 5.75 Bn | 5.48 Bn | - | 101.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 101.07 Mn |
| Jun 30, 2026 | 101.07 Mn |
| Mar 31, 2026 | 115.63 Mn |
| Mar 31, 2026 | 115.63 Mn |
| Dec 31, 2025 | 101.69 Mn |
| Dec 31, 2025 | 101.69 Mn |
| Sep 30, 2025 | 113.47 Mn |
| Sep 30, 2025 | 113.47 Mn |
| Jun 30, 2025 | 92.29 Mn |
| Jun 30, 2025 | 92.29 Mn |
| Mar 31, 2025 | 96.30 Mn |
| Mar 31, 2025 | 96.30 Mn |
| Dec 31, 2024 | 63.72 Mn |
| Dec 31, 2024 | 63.72 Mn |
| Sep 30, 2024 | 104.07 Mn |
| Sep 30, 2024 | 104.07 Mn |
| Jun 30, 2024 | 78.84 Mn |
| Jun 30, 2024 | 78.84 Mn |
| Mar 31, 2024 | 72.62 Mn |
| Mar 31, 2024 | 72.62 Mn |