Growth Metrics

Blackstone Secured Lending Fund (BXSL) Net Margin (2021 - 2025)

Blackstone Secured Lending Fund's Net Margin history spans 5 years, with the latest figure at 23.5% for Q4 2025.

  • For the quarter ending Q4 2025, Net Margin fell 213.0% year-over-year to 23.5%, compared with a TTM value of 25.25% through Dec 2025, down 350.0%, and an annual FY2025 reading of 25.25%, down 350.0% over the prior year.
  • Net Margin for Q4 2025 was 23.5% at Blackstone Secured Lending Fund, down from 26.44% in the prior quarter.
  • The five-year high for Net Margin was 36.93% in Q3 2021, with the low at 23.5% in Q4 2025.
  • Average Net Margin over 5 years is 30.99%, with a median of 32.31% recorded in 2022.
  • Year-over-year, Net Margin skyrocketed 649bps in 2023 and then plummeted -861bps in 2024.
  • Tracing BXSL's Net Margin over 5 years: stood at 35.46% in 2021, then dropped by -22bps to 27.75% in 2022, then rose by 23bps to 34.23% in 2023, then fell by -25bps to 25.62% in 2024, then dropped by -8bps to 23.5% in 2025.
  • Per Business Quant, the three most recent readings for BXSL's Net Margin are 23.5% (Q4 2025), 26.44% (Q3 2025), and 24.25% (Q2 2025).