Income Statement - Blackstone Secured Lending Fund (BXSL)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | |
|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,266.73 | 1,047.54 | 874.72 | 387.80 | 473.35 | 389.12 | 147.58 | -2.30 |
| Cost of revenue | 271.34 | 316.28 | 255.98 | 151.20 | 101.72 | 65.95 | 35.43 | 1.35 |
| Gross profit | 995.39 | 731.26 | 618.74 | 387.80 | 473.35 | 323.18 | 112.15 | 1.77 |
| Total operating expenses | 34.86 | 22.64 | -10.01 | -18.14 | 10.49 | 80.62 | 36.98 | -3.36 |
| Operating income | 960.53 | 708.62 | 628.75 | 602.23 | 462.86 | 241.05 | 74.08 | -0.29 |
| Non-operating income (net) | -394.21 | 0.00 | 0.00 | -196.29 | 0.00 | -22.41 | 32.12 | -2.60 |
| Income before tax | 566.32 | 708.62 | 628.75 | 405.94 | 462.86 | 218.64 | 106.21 | -2.89 |
| Income tax expense | 2.87 | 14.52 | 16.80 | 1.39 | 2.44 | 0.52 | 0.47 | 0.05 |
| Net income | 563.46 | 694.10 | 611.95 | 404.56 | 460.42 | 218.64 | 106.21 | -2.94 |
Show Quarterly Income Statement
Income Statement - Blackstone Secured Lending Fund (BXSL)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 328.47 | 217.36 | 235.00 | 254.62 | 251.30 | 261.99 | 246.57 | 282.14 | 256.85 | 229.73 | 235.05 | 208.91 | 201.03 | 178.62 | 144.55 | 118.40 | 142.53 | 157.57 | 117.11 | 120.66 | 115.50 | 127.90 | 181.70 | 232.57 | -303.77 | 53.26 | 21.87 | 26.32 | 15.42 | 2.59 |
| Cost of revenue | 40.08 | 12.18 | 86.95 | 84.57 | 87.64 | 97.22 | 83.39 | 74.51 | 61.17 | 65.93 | 60.26 | 61.13 | 62.13 | 60.58 | 53.33 | 43.61 | 38.78 | 37.49 | 32.74 | 27.17 | 21.15 | 20.67 | 14.77 | 14.44 | 16.07 | 14.37 | 8.61 | 7.78 | 4.67 | -0.73 |
| Gross profit | 288.40 | 513.63 | 148.05 | 170.05 | 163.66 | 164.77 | 163.19 | 207.63 | 195.68 | 163.79 | 174.79 | 147.78 | 138.90 | 118.04 | 91.23 | 74.79 | 103.76 | 120.08 | 131.92 | 107.93 | 109.85 | 115.60 | 76.83 | 66.72 | 64.02 | 49.75 | 29.98 | 21.86 | 10.57 | 3.32 |
| Total operating expenses | 160.98 | 2.59 | 11.38 | 11.21 | 9.68 | -1.55 | 7.59 | 8.02 | 8.58 | 2.28 | -1.20 | -2.05 | -2.52 | -3.74 | -4.72 | -4.80 | -4.87 | -2.37 | -9.44 | 22.08 | 18.43 | 21.28 | 110.76 | 169.07 | -371.22 | 4.98 | -8.37 | 5.13 | 4.52 | 4.20 |
| Operating income | 127.42 | 228.91 | 136.67 | 158.84 | 153.98 | 166.32 | 155.59 | 199.61 | 187.11 | 161.51 | 175.98 | 149.83 | 141.42 | 121.78 | 95.95 | 79.59 | 108.63 | 122.45 | 93.81 | 71.41 | 75.92 | 85.95 | 56.17 | 49.06 | 51.38 | 33.91 | 21.64 | 13.41 | 6.22 | -0.87 |
| Non-operating income (net) | -102.68 | -102.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.42 | 45.29 | 35.57 | 35.25 | 120.16 | 179.92 | -358.74 | 15.71 | -2.15 | 10.19 | 7.75 | -2.02 |
| Income before tax | 24.74 | 126.61 | 136.67 | 158.84 | 153.98 | 166.32 | 155.59 | 199.61 | 187.11 | 161.51 | 175.98 | 149.83 | 141.42 | 121.78 | 95.95 | 79.59 | 108.63 | 122.45 | 112.23 | 116.70 | 111.49 | 121.20 | 176.33 | 228.98 | -307.36 | 49.62 | 19.49 | 23.60 | 13.97 | -2.89 |
| Income tax expense | -0.51 | -9.33 | 4.23 | 3.80 | 4.17 | 3.83 | 3.93 | 3.42 | 3.35 | 4.21 | 4.99 | 4.98 | 2.62 | 378.51 | 132.14 | -45.68 | 1.39 | 0.50 | 2.22 | 45.23 | -0.28 | 0.41 | 0.43 | 0.23 | 0.10 | 0.47 | 0.33 | 0.20 | 0.22 | 0.05 |
| Net income | 25.25 | 126.17 | 132.44 | 155.04 | 149.81 | 162.49 | 151.66 | 196.19 | 183.76 | 157.31 | 171.00 | 144.85 | 138.80 | 121.78 | 95.95 | 79.59 | 107.24 | 121.95 | 110.01 | 116.70 | 111.77 | 120.79 | 176.33 | 228.98 | -307.46 | 49.15 | 19.49 | 23.60 | 13.97 | -2.94 |