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

Blackstone Secured Lending Fund has reported Operating Expenses for 6 years, with the latest figure 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.
• The five-year high for Operating Expenses was $168.2 million in Q4 2025, with the low at $81.7 million in Q2 2022.
• Historically, Operating Expenses has averaged $134.5 million across 5 years, with a median of $142.5 million in 2026.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 80.99% — and 2023, when it tumbled 35.0%.
• Blackstone Secured Lending Fund's Operating Expenses stood at $146.6 million in 2022, then slumped by 35.0% to $95.3 million in 2023, then soared by 74.36% to $166.1 million in 2024, then climbed by 1.24% to $168.2 million in 2025, then slipped 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.