Blackstone Secured Lending Fund (BXSL) Tax Rate (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) reported Tax Rate of 4.95% for Q1 2026, up 75.0% on a YoY basis from 2.83% in Q1 2025, and up 11.53% quarter-over-quarter from 4.44% in Q4 2025.
Blackstone Secured Lending Fund (BXSL) Tax Rate (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund has reported Tax Rate for 6 years, with the latest figure at 4.95% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 75.0% year-over-year to 4.95%; the trailing twelve-month figure through Mar 2026 stood at 4.49% (up 59.0% YoY), and the FY2025 full-year result was 4.3%, up 64.0% from the prior year.
- Tax Rate for Q1 2026 stood at 4.95%, up from 4.44% in the prior quarter.
- The five-year high for Tax Rate was 4.97% in Q3 2023, with the low at 0.02% in Q4 2022.
- Historically, Tax Rate has averaged 3.7% across 5 years, with a median of 4.03% in 2024.
- Annual changes were most pronounced in 2023 — Tax Rate surged 386 bps — and 2024, when it tumbled 111 bps.
- Blackstone Secured Lending Fund's Tax Rate stood at 0.02% in 2022, then soared by 22305 bps to 3.88% in 2023, then advanced by 4 bps to 4.03% in 2024, then gained by 10 bps to 4.44% in 2025, then increased by 12 bps to 4.95% in 2026.
- The last three Tax Rate figures came in at 4.95% (Q1 2026), 4.44% (Q4 2025), and 4.27% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 18.16 |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 13.55 |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 40.05 |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 598.59 |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 21.16 |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 20.02 |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 24.99 |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 19.13 |
| 10 | Blackstone Secured Lending Fund | 5.48 Bn | 5.13 Bn | - | 4.95 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.95% |
| Mar 31, 2026 | 4.95% |
| Dec 31, 2025 | 4.44% |
| Dec 31, 2025 | 4.44% |
| Sep 30, 2025 | 4.27% |
| Sep 30, 2025 | 4.27% |
| Jun 30, 2025 | 4.34% |
| Jun 30, 2025 | 4.34% |
| Mar 31, 2025 | 4.20% |
| Mar 31, 2025 | 4.20% |
| Dec 31, 2024 | 4.03% |
| Dec 31, 2024 | 4.03% |
| Sep 30, 2024 | 3.86% |
| Sep 30, 2024 | 3.86% |
| Jun 30, 2024 | 3.48% |
| Jun 30, 2024 | 3.48% |
| Mar 31, 2024 | 3.32% |
| Mar 31, 2024 | 3.32% |
| Dec 31, 2023 | 3.88% |
| Dec 31, 2023 | 3.88% |