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Blackstone Secured Lending Fund(NYSE) BXSL

Market Cap$5.53BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)+44%
5 YearN/A
1 Year-13%
1 Month+0%
$23.35
-1.81%
-0.43Today
After hours$23.33-$0.02 (-0.11%)
Blackstone Secured Lending Fund last closing stock price
MetricPriceDate
Last closeUSD 23.782026-08-04
Blackstone Secured Lending Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.97%USD 23.322026-07-28
1 month+0.04%USD 23.772026-07-02
3 month-0.01%USD 23.782026-05-06
Year to date-3.65%USD 24.682025-12-31
1 year-13.46%USD 27.482025-08-04
3 year+16.38%USD 20.432023-08-04
Since inception+43.55%USD 16.572021-10-28

Blackstone Secured Lending Fund Financials at a Glance

Market Cap

$5.53BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.04B

Net Income (TTM)

$438.89M

EPS (TTM)

$1.91

P/E Ratio

12.46

Dividend

$3.08

Beta (Volatility)

0.55 (Low)

Price

$23.35

Volume

1,615,041

Open

$23.85

Previous Close

$23.34

Daily Range

$23.24 - $23.89

52-Week Range

$22.47 - $30.94

Estimated Earnings Date

Aug 5, 2026

BXSL News

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About Blackstone Secured Lending Fund

Blackstone Secured Lending Fund lends money to private American companies to help them grow. It focuses on businesses that are stable and have strong leadership teams. These loans help companies fund their daily work and reach new goals.

What Does the Fund Do?

  • Senior Secured Loans: These are top-priority loans that must be paid back before other debts if a company has trouble.
  • Unitranche Loans: A single loan that combines different types of debt into one package for the borrower.
  • Equity Investments: The fund sometimes takes small ownership stakes in the companies it lends to for extra profit.
  • First Lien Debt: This debt is backed by a company's assets, providing a safety net for the lender.

A History of Strategic Moves

  • Elected to be regulated as a business development company (BDC) on October 26, 2018, to provide capital to private businesses.
  • Completed an initial public offering on October 28, 2021, and began trading on the New York Stock Exchange.
  • Appointed Blackstone Private Credit Strategies LLC as the new investment adviser starting January 1, 2025.
  • Integrated the Blackstone Credit & Insurance Value Creation Program to offer operational support to its portfolio companies.

What Makes This Fund Different?

The fund uses the massive scale of the Blackstone platform to find and check investment opportunities that others might miss. It also offers a Value Creation Program that helps the companies it lends to save money and find new customers.

The Recent Financial Story

  • Operating income rose to $228.9 million in Q4 2025, a 37.6% increase compared to the previous year.
  • Gross profit climbed to $513.6 million in Q4 2025, up 211.7% from $164.8 million in Q4 2024.
  • Net income was $126.2 million in Q4 2025, down 22.4% from the same period one year earlier.
  • Total investment fair value reached $14.2 billion by December 31, 2025, spread across 316 different companies.

Bottom Line

Blackstone Secured Lending Fund has grown from a private trust into a major public lender for American middle-market companies. It uses its connection to Blackstone to manage a multibillion-dollar portfolio focused on steady interest income.

AI Generated • Apr 23, 2026

Industry

Capital Markets

Sector

Financials

CEO

Brad Marshall, MBA

Website

www.bxsl.com

Headquarters

New York City, NY 10154, US

BXSL Financials

Key Financial Metrics (TTM)

Gross Margin

108.18%

Operating Margin

62.95%

Net Income Margin

42.39%

Return on Equity

7.05%

Return on Capital

6.71%

Return on Assets

3.04%

Earnings Yield

8.03%

Dividend Yield

12.95%

Payout Ratio

1.56%

Stock Overview

Market Cap

$5.53BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

232.65M

Volume

1.62M

Avg. Volume

1.82M

Financials (TTM)

Gross Profit

$1.12B

Operating Income

$651.84M

EBITDA

$796.67M

Operating Cash Flow

-$634.06M

Capital Expenditure

$0.00

Free Cash Flow

-$634.06M

Cash & ST Invst.

$351.28M

Total Debt

$8.03B

Blackstone Secured Lending Fund Performance Analysis

Blackstone Secured Lending Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 887,694,00040.4%
20232023-12-31USD 1,137,312,00028.1%
20242024-12-31USD 1,316,709,00015.8%
20252025-12-31USD 1,266,727,000-3.8%
Blackstone Secured Lending Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-301.3%
Q32025-09-30-7.7%
Q42025-12-31-7.5%
Q12026-03-3151.1%
Blackstone Secured Lending Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.44-23.5%
20232023-12-31USD 3.6549.9%
20242024-12-31USD 3.45-5.6%
20252025-12-31USD 2.46-28.7%
Blackstone Secured Lending Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-303.0%
Q32025-09-30-16.2%
Q42025-12-31-3.5%
Q12026-03-31-80.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$328.47M

+30.7%

Gross Profit

$288.40M

+76.2%

Gross Margin

87.80%

N/A

Market Cap

$5.53BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$25.25M

-83.1%

EBITDA

$271.14M

+76.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$351.28M

-60.9%

Total Debt

$8.03B

+8.8%

Accounts Receivable

$100.13M

-20.1%

Inventory

$0.00

N/A

Long Term Debt

$8.03B

+8.8%

Short Term Debt

$0.00

N/A

Return on Assets

3.04%

N/A

Return on Invested Capital

4.61%

N/A

Free Cash Flow

$249.26M

-41.3%

Operating Cash Flow

$249.26M

-41.3%

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Questions About BXSL

What is the current price of Blackstone Secured Lending Fund?

Blackstone Secured Lending Fund is trading at $23.34 per share.

What is the 52-week range for Blackstone Secured Lending Fund?

Over the past 52 weeks, Blackstone Secured Lending Fund has traded between $22.47 and $30.94.

How much debt does Blackstone Secured Lending Fund have?

As of the most recent reporting period, Blackstone Secured Lending Fund reported total debt of $8.03B.

How much cash does Blackstone Secured Lending Fund have on hand?

Blackstone Secured Lending Fund reported $351.28M in cash and cash equivalents in its most recent financial results.

What is Blackstone Secured Lending Fund’s dividend yield?

Blackstone Secured Lending Fund currently has a dividend yield of 12.95%.

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