Blackstone Secured Lending Fund (BXSL) Operating Income (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Operating Income came in at $178.9 million in Q1 2026, down 5.23% YoY from $188.8 million in Q1 2025, and up 3.08% on a QoQ basis from $173.6 million in Q4 2025.
Blackstone Secured Lending Fund (BXSL) Operating Income (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of Operating Income data on file, last reported at $178.9 million in Q1 2026.
- Quarterly Operating Income fell 5.23% year-over-year to $178.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $722.1 million (changed 0.16% YoY) and the FY2025 annual result came in at $739.9 million, up 4.57% from the prior year.
- Operating Income improved to $178.9 million in Q1 2026, from $173.6 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $193.7 million in Q3 2025 to a low of $102.7 million in Q1 2022.
- A 5-year average of $163.3 million and a median of $172.0 million in 2024 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2023 — Operating Income surged 62.91% — and 2024, when it slipped 9.09%.
- Tracing BXSL's Operating Income over 5 years: stood at $142.3 million in 2022, then jumped by 33.01% to $189.2 million in 2023, then slipped by 9.09% to $172.0 million in 2024, then climbed by 0.89% to $173.6 million in 2025, then grew by 3.08% to $178.9 million in 2026.
- The last three Operating Income figures came in at $178.9 million (Q1 2026), $173.6 million (Q4 2025), and $193.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.31 Bn | 165.44 Bn | - | 2.46 Bn |
| 2 | Blackstone | 114.68 Bn | 112.17 Bn | - | - |
| 3 | Kkr | 96.91 Bn | -180.16 Bn | - | 2.04 Bn |
| 4 | Brookfield | 93.15 Bn | 45.74 Bn | - | - |
| 5 | Brookfield Asset Management | 83.31 Bn | 81.81 Bn | - | - |
| 6 | Apollo Global Management | 78.30 Bn | 52.92 Bn | 10.54 Bn | 5.35 Bn |
| 7 | State Street | 51.59 Bn | 51.59 Bn | - | - |
| 8 | Ameriprise Financial | 51.13 Bn | 40.08 Bn | 4.72 Bn | 1.22 Bn |
| 9 | Raymond James Financial | 34.07 Bn | 20.81 Bn | - | - |
| 10 | Blackstone Secured Lending Fund | 5.74 Bn | 5.47 Bn | - | 178.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 178.20 Mn |
| Mar 31, 2026 | 178.91 Mn |
| Dec 31, 2025 | 173.57 Mn |
| Sep 30, 2025 | 193.71 Mn |
| Jun 30, 2025 | 175.90 Mn |
| Mar 31, 2025 | 188.80 Mn |
| Dec 31, 2024 | 172.05 Mn |
| Sep 30, 2024 | 185.90 Mn |
| Jun 30, 2024 | 176.52 Mn |
| Mar 31, 2024 | 169.20 Mn |
| Dec 31, 2023 | 189.25 Mn |
| Sep 30, 2023 | 165.78 Mn |
| Jun 30, 2023 | 171.49 Mn |
| Mar 31, 2023 | 151.80 Mn |
| Dec 31, 2022 | 142.28 Mn |
| Sep 30, 2022 | 132.14 Mn |
| Jun 30, 2022 | 105.27 Mn |
| Mar 31, 2022 | 102.70 Mn |
| Dec 31, 2021 | 112.98 Mn |
| Sep 30, 2021 | 93.81 Mn |