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
Follow BXSL
Alert me
Blackstone Secured Lending Fund (BXSL) Operating margin
Blackstone Secured Lending Fund's operating margin over the twelve months to 30 September 2026 was 83.3%, up 4.2 percentage points from fiscal 2025 (79.0%). Over the past ten years it has ranged from 73.8% (fiscal 2019) to 80.8% (fiscal 2022); the current reading is higher than 71% of that period. That is above the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 79.0% | 1.13 |
| FY2024 | 77.9% | (2.57) |
| FY2023 | 80.5% | (0.36) |
| FY2022 | 80.8% | 5.26 |
| FY2021 | 75.6% | (2.83) |
| FY2020 | 78.4% | 4.59 |
| FY2019 | 73.8% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 81.6% | (4.20) |
| Jun 2026 | 85.8% | 0.02 |
| Mar 2026 | 85.8% | 5.42 |
| Dec 2025 | 80.3% | 1.08 |
| 19 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MAIN Main Street Capital Corporation compare | 87.0% |
| BXSL Blackstone Secured Lending Fund | 83.3% |
| OBDC Blue Owl Capital Corporation compare | 75.1% |
| HASI HA Sustainable Infrastructure Capital, Inc. compare | 68.7% |
| HLNE Hamilton Lane Inc. compare | 43.7% |
| VCTR Victory Capital Holdings, Inc. compare | 40.4% |
| FHI Federated Hermes, Inc. compare | 27.8% |
| OTF Blue Owl Technology Finance Corp. compare | 0.00% |
| STEP StepStone Group Inc. compare | −58.2% |
| Asset Management industry median | 27.3% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on BXSL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement