Blackstone Secured Lending Fund (BXSL) Operating Expenses (2021 - 2026)

Blackstone Secured Lending Fund (BXSL) has 6 years of Operating Expenses data on file, last reported at $142.5 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 13.55% year-over-year to $142.5 million; the trailing twelve-month figure through Mar 2026 stood at $640.6 million (up 0.91% YoY), and the FY2025 full-year result was $662.9 million, up 9.61% from the prior year.
• Operating Expenses for Q1 2026 stood at $142.5 million, down from $168.2 million in the prior quarter.
• Across five years, Operating Expenses topped out at $168.2 million in Q4 2025 and bottomed at $81.7 million in Q2 2022.
• The 5-year median for Operating Expenses is $142.5 million (2026), against an average of $134.5 million.
• The widest annual swing landed in 2022, when Operating Expenses surged 80.99%; it then sank 35.0% in 2023.
• A 5-year view of Operating Expenses shows it stood at $146.6 million in 2022, then sank by 35.0% to $95.3 million in 2023, then jumped by 74.36% to $166.1 million in 2024, then grew by 1.24% to $168.2 million in 2025, then dropped by 15.28% to $142.5 million in 2026.
• The last three Operating Expenses figures came in at $142.5 million (Q1 2026), $168.2 million (Q4 2025), and $164.9 million (Q3 2025), per Business Quant data.

Peer Comparison