stockrowBlackstone Secured Lending Fund
BXSL Financial Asset Management
Blackstone Secured Lending Fund’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 6.94% from fiscal 2024.
- Revenue
- −12.1%
- EPS
- −12.3%
- Free cash flow
- +210.8%
- Total debt
- −8.11%
Quarter to September 2026, against a year earlier
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Blackstone Secured Lending Fund (BXSL) EBITDA
Blackstone Secured Lending Fund's EBITDA for fiscal 2025 was $1.2B, up 21.5% from $1.0B in fiscal 2024. Over the twelve months to 30 June 2026 it was $1.5B. Over the past ten years it has ranged from $73.8M (fiscal 2019) to $1.2B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 6 consecutive fiscal years. Blackstone Secured Lending Fund ranks 14th of 112 Asset Management companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $1.2B | 21.49% |
| FY2024 | $1.0B | 8.99% |
| FY2023 | $936.8M | 20.65% |
| FY2022 | $776.5M | 146.55% |
| FY2021 | $314.9M | 13.00% |
| FY2020 | $278.7M | 277.65% |
| FY2019 | $73.8M | — |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $403.4M | (5.85%) |
| Mar 2026 | $428.5M | 25.09% |
| Dec 2025 | $342.5M | 9.50% |
| Sep 2025 | $312.8M | 14.73% |
| 18 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| BXSL Blackstone Secured Lending Fund | $1.5B |
| OBDC Blue Owl Capital Corporation compare | $1.2B |
| OTF Blue Owl Technology Finance Corp. compare | $1.1B |
| VCTR Victory Capital Holdings, Inc. compare | $729.0M |
| FHI Federated Hermes, Inc. compare | $573.4M |
| MAIN Main Street Capital Corporation compare | $506.7M |
| HLNE Hamilton Lane Inc. compare | $390.8M |
| HASI HA Sustainable Infrastructure Capital, Inc. compare | $333.3M |
| STEP StepStone Group Inc. compare | −$1.1B |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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