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Blackstone Secured Lending Fund (BXSL) Operating Margin (2021 - 2025)

Blackstone Secured Lending Fund (BXSL) has disclosed Operating Margin for 5 consecutive years, with 53.01% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin rose 10.0% year-over-year to 53.01%, compared with a TTM value of 53.28% through Dec 2025, down 114.0%, and an annual FY2025 reading of 53.28%, down 114.0% over the prior year.
  • Operating Margin was 53.01% for Q4 2025 at Blackstone Secured Lending Fund, down from 54.02% in the prior quarter.
  • Across five years, Operating Margin topped out at 65.69% in Q2 2022 and bottomed at 281.72% in Q4 2021.
  • Average Operating Margin over 5 years is 36.28%, with a median of 55.31% recorded in 2024.
  • The sharpest move saw Operating Margin skyrocketed 33105bps in 2022, then crashed -680bps in 2024.
  • Year by year, Operating Margin stood at 281.72% in 2021, then soared by 118bps to 49.33% in 2022, then increased by 18bps to 58.06% in 2023, then dropped by -9bps to 52.9% in 2024, then rose by 0bps to 53.01% in 2025.
  • Business Quant data shows Operating Margin for BXSL at 53.01% in Q4 2025, 54.02% in Q3 2025, and 52.12% in Q2 2025.