Blackstone Secured Lending Fund (BXSL) Share-based Compensation (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Share-based Compensation came in at $8.7 million in Q2 2026, up 61.88% on a YoY basis from $5.4 million in Q2 2025, and up 7.33% quarter-over-quarter from $8.1 million in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) Share-based Compensation (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Share-based Compensation for 6 consecutive years, with $8.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Share-based Compensation rose 61.88% year-over-year to $8.7 million; the trailing twelve-month figure through Jun 2026 stood at $29.4 million (up 42.03% YoY), and the FY2025 full-year result was $23.0 million, up 9.38% from the prior year.
- Share-based Compensation rose to $8.7 million in Q2 2026 per BXSL's latest filing, from $8.1 million in the prior quarter.
- Across five years, Share-based Compensation topped out at $16.5 million in Q2 2022 and bottomed at $4.6 million in Q3 2023.
- Historically, Share-based Compensation has averaged $7.4 million across 5 years, with a median of $5.5 million in 2023.
- The sharpest annual moves came in 2023 and 2026: Share-based Compensation plunged 67.04% in 2023, then soared 61.88% in 2026.
- Over 5 years, Share-based Compensation stood at $12.9 million in 2022, then plunged by 57.93% to $5.4 million in 2023, then declined by 6.67% to $5.1 million in 2024, then soared by 38.82% to $7.1 million in 2025, then rose by 23.44% to $8.7 million in 2026.
- According to Business Quant data, Share-based Compensation over the past three periods registered $8.7 million, $8.1 million, and $7.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.13 Bn | 13.74 Bn | - | 7.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.65 Bn | 5.38 Bn | - | 8.71 Mn |
| 3 | Blue Owl Capital | 5.48 Bn | 5.25 Bn | - | - |
| 4 | Main Street Capital | 5.23 Bn | 5.17 Bn | - | 10.65 Mn |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | - |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 3.95 Mn |
| 7 | FS KKR Capital | 3.34 Bn | 3.23 Bn | - | - |
| 8 | Golub Capital Bdc | 3.30 Bn | 3.26 Bn | - | -157,000.00 |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | - |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.71 Mn |
| Mar 31, 2026 | 8.11 Mn |
| Dec 31, 2025 | 7.06 Mn |
| Sep 30, 2025 | 5.47 Mn |
| Jun 30, 2025 | 5.38 Mn |
| Mar 31, 2025 | 5.13 Mn |
| Dec 31, 2024 | 5.08 Mn |
| Sep 30, 2024 | 5.07 Mn |
| Jun 30, 2024 | 5.29 Mn |
| Mar 31, 2024 | 5.61 Mn |
| Dec 31, 2023 | 5.45 Mn |
| Sep 30, 2023 | 4.64 Mn |
| Jun 30, 2023 | 5.44 Mn |
| Mar 31, 2023 | 5.13 Mn |
| Dec 31, 2022 | 12.94 Mn |
| Sep 30, 2022 | 11.47 Mn |
| Jun 30, 2022 | 16.50 Mn |
| Mar 31, 2022 | 11.47 Mn |
| Dec 31, 2021 | 9.95 Mn |