Blackstone Secured Lending Fund (BXSL) Operating Income (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) posted Operating Income of $178.9 million for Q1 2026, up 3.08% on a QoQ basis from $173.6 million in Q4 2025, and down 5.23% year-over-year from $188.8 million in Q1 2025.
Blackstone Secured Lending Fund (BXSL) Operating Income (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund's Operating Income history runs 6 years deep, the most recent figure standing at $178.9 million for 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 was $178.9 million for Q1 2026 at Blackstone Secured Lending Fund, up from $173.6 million in the prior quarter.
- Across five years, Operating Income topped out at $193.7 million in Q3 2025 and bottomed at $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 fell 9.09%.
- Blackstone Secured Lending Fund's Operating Income stood at $142.3 million in 2022, then soared by 33.01% to $189.2 million in 2023, then declined by 9.09% to $172.0 million in 2024, then increased by 0.89% to $173.6 million in 2025, then rose by 3.08% to $178.9 million in 2026.
- Business Quant data shows BXSL's Operating Income at $178.9 million in Q1 2026, $173.6 million in Q4 2025, and $193.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 32.70 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 2.81 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 54.00 Mn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 901.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 680.50 Mn |
| 10 | Blackstone Secured Lending Fund | 5.37 Bn | 5.02 Bn | - | 178.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |