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

Blackstone Secured Lending Fund (BXSL) has reported Operating Expenses for 6 consecutive years, with $142.3 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses fell 13.83% year-over-year to $142.3 million; the trailing twelve-month figure through Jun 2026 stood at $617.7 million (down 4.87% YoY), and the FY2025 full-year result was $662.9 million, up 9.61% from the prior year.
• Operating Expenses steadied at $142.3 million in Q2 2026 per BXSL's latest filing, from $142.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $168.2 million in Q4 2025 and bottomed at $91.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $137.0 million across 5 years, with a median of $138.5 million in 2024.
• The sharpest annual moves came in 2022 and 2026: Operating Expenses surged 47.81% in 2022, then fell 13.83% in 2026.
• Over 5 years, Operating Expenses stood at $117.6 million in 2022, then gained by 11.46% to $131.1 million in 2023, then grew by 26.73% to $166.1 million in 2024, then increased by 1.24% to $168.2 million in 2025, then dropped by 15.39% to $142.3 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $142.3 million, $142.5 million, and $168.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.