Blackstone Secured Lending Fund (BXSL) Tax Rate (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Tax Rate came in at 6.48% in Q1 2026, up 197.0% YoY from 2.18% in Q1 2025, and up 19.41% on a QoQ basis from 5.43% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) Tax Rate (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of Tax Rate data on file, last reported at 6.48% in Q1 2026.
- Quarterly Tax Rate rose 197.0% year-over-year to 6.48% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.35% (up 133.0% YoY) and the FY2025 annual result came in at 4.49%, up 69.0% from the prior year.
- Tax Rate advanced to 6.48% in Q1 2026, from 5.43% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 6.48% in Q1 2026 to a low of 3.28% in Q4 2023.
- A 5-year average of 4.49% and a median of 4.52% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate plunged 127 bps — and 2026, when it soared 197 bps.
- Tracing BXSL's Tax Rate over 5 years: stood at 3.39% in 2022, then slipped by 3 bps to 3.28% in 2023, then increased by 8 bps to 3.53% in 2024, then jumped by 54 bps to 5.43% in 2025, then increased by 19 bps to 6.48% in 2026.
- The last three Tax Rate figures came in at 6.48% (Q1 2026), 5.43% (Q4 2025), and 5.23% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 24.90% |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 16.11% |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 17.91% |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 12.14% |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 15.94% |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 21.96% |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 22.82% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 20.67% |
| 10 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 5.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.73% |
| Jun 30, 2026 | 5.73% |
| Jun 30, 2026 | 5.73% |
| Mar 31, 2026 | 6.48% |
| Mar 31, 2026 | 6.48% |
| Mar 31, 2026 | 6.48% |
| Dec 31, 2025 | 5.43% |
| Dec 31, 2025 | 5.43% |
| Dec 31, 2025 | 5.43% |
| Sep 30, 2025 | 5.23% |
| Sep 30, 2025 | 5.23% |
| Sep 30, 2025 | 5.23% |
| Jun 30, 2025 | 4.54% |
| Jun 30, 2025 | 4.54% |
| Jun 30, 2025 | 4.54% |
| Mar 31, 2025 | 4.51% |
| Mar 31, 2025 | 4.51% |
| Mar 31, 2025 | 4.51% |
| Dec 31, 2024 | 3.53% |
| Dec 31, 2024 | 3.53% |