Sixth Street Specialty Lending (TSLX) Operating Expenses (2021 - 2026)

Sixth Street Specialty Lending (TSLX) reported Operating Expenses of $52.7 million for Q1 2026, down 7.63% on a YoY basis from $57.0 million in Q1 2025, and down 7.19% sequentially from $56.7 million in Q4 2025.

Sixth Street Specialty Lending (TSLX) Operating Expenses (2021 - 2026) Analysis & Trends

Sixth Street Specialty Lending (TSLX) has 6 years of Operating Expenses data on file, last reported at $52.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 7.63% year-over-year to $52.7 million; the trailing twelve-month figure through Mar 2026 stood at $230.3 million (down 8.43% YoY), and the FY2025 full-year result was $235.0 million, down 9.61% from the prior year.
  • Operating Expenses declined to $52.7 million in Q1 2026, from $56.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $65.4 million in Q2 2024 to a low of $22.3 million in Q2 2022.
  • A 5-year average of $54.6 million and a median of $57.7 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 160.74% in 2023 and fell 13.22% in 2025, its largest moves.
  • Tracing TSLX's Operating Expenses over 5 years: stood at $46.6 million in 2022, then soared by 38.67% to $64.6 million in 2023, then grew by 1.2% to $65.4 million in 2024, then fell by 13.22% to $56.7 million in 2025, then slipped by 7.19% to $52.7 million in 2026.
  • Business Quant data shows TSLX's Operating Expenses at $52.7 million in Q1 2026, $56.7 million in Q4 2025, and $57.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Sixth Street Specialty Lending 1.26 Bn 1.24 Bn 92.60 Mn 52.67 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 52.67 Mn
Dec 31, 2025 56.75 Mn
Sep 30, 2025 57.67 Mn
Jun 30, 2025 63.18 Mn
Mar 31, 2025 57.02 Mn
Dec 31, 2024 65.39 Mn
Sep 30, 2024 63.60 Mn
Jun 30, 2024 65.45 Mn
Mar 31, 2024 64.97 Mn
Dec 31, 2023 64.62 Mn
Sep 30, 2023 64.25 Mn
Jun 30, 2023 58.22 Mn
Mar 31, 2023 53.41 Mn
Dec 31, 2022 46.60 Mn
Sep 30, 2022 40.49 Mn
Jun 30, 2022 22.33 Mn
Mar 31, 2022 31.37 Mn
Dec 31, 2021 32.48 Mn
Sep 30, 2021 34.69 Mn