Income Statement - BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,520.95 | 1,767.82 | 2,013.01 | 1,319.10 | 514.47 | 432.18 | 424.18 | 396.48 | 303.05 | 327.12 | 280.19 | 184.77 | 53.16 | 40.94 | 53.17 | 173.74 | 125.03 | 209.52 | 264.83 | 181.17 |
| Cost of revenue | 351.97 | 119.06 | 119.09 | 110.29 | 88.47 | 77.92 | 458.50 | 359.63 | 234.87 | 184.27 | 152.42 | 19.49 | 5.94 | 0.00 | 4.15 | 0.02 | 0.07 | 0.18 | 1.81 | 3.15 |
| Gross profit | 1,168.98 | 1,648.76 | 1,893.92 | 1,208.81 | 514.47 | 432.18 | 424.18 | 396.48 | 303.05 | 327.12 | 280.19 | 165.28 | 47.23 | 40.94 | 53.17 | 173.72 | 124.96 | 209.34 | 263.02 | 178.02 |
| Total operating expenses | 79.29 | 559.73 | 275.50 | 243.75 | -94.85 | -294.18 | -119.12 | 110.00 | 85.00 | 84.00 | 80.00 | 83.68 | 20.98 | -39.54 | 9.00 | 291.34 | 584.25 | 154.62 | 192.33 | 127.59 |
| Operating income | 1,089.69 | 1,089.03 | 1,618.42 | 965.06 | 419.62 | 137.99 | 305.06 | 645.01 | 452.82 | 422.76 | 349.75 | 81.59 | 26.25 | 80.48 | 357.66 | -117.62 | -459.29 | 54.72 | 70.69 | 50.43 |
| Non-operating income (net) | -976.35 | -1,288.49 | -1,363.16 | -711.00 | 3.08 | 2.74 | 1.83 | -358.89 | -234.53 | -176.13 | -137.36 | 19.42 | 0.17 | 201.90 | -102.80 | -65.62 | -117.84 | -110.37 | 12.97 | 0.90 |
| Income before tax | 113.34 | -199.46 | 255.26 | 254.06 | 422.70 | 140.74 | 306.89 | 286.12 | 218.28 | 246.64 | 212.39 | 101.01 | 26.42 | 282.39 | 254.87 | -183.24 | -577.13 | -55.65 | 83.66 | 51.33 |
| Income tax expense | 3.67 | 2.37 | 5.36 | 3.00 | 0.42 | 0.32 | -0.51 | 0.31 | 0.31 | 0.20 | 0.50 | 0.52 | 1.00 | 0.17 | 2.55 | 2.10 | -0.69 | 1.89 | -0.71 | -2.74 |
| Net income | 109.57 | -204.09 | 246.56 | 248.64 | 419.19 | 137.67 | 305.57 | 285.08 | 217.63 | 238.30 | 196.83 | 90.05 | 15.03 | 181.30 | 258.14 | -185.34 | -576.44 | -57.54 | 84.37 | 54.07 |
Show Quarterly Income Statement
Income Statement - BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
$(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 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 380.15 | 389.03 | 372.96 | 393.31 | 365.66 | 397.49 | 426.07 | 461.34 | 482.14 | 500.60 | 514.60 | 514.77 | 482.96 | 454.00 | 351.96 | 280.46 | 232.69 | 268.75 | 198.54 | 194.70 | 185.75 | 187.07 | 192.36 | 191.46 | 204.90 | 220.71 | 213.88 | 223.36 | 224.93 | 206.27 | 203.26 | 191.48 | 155.53 | 146.20 | 146.49 | 126.37 | 118.04 | 115.86 | 127.95 | 91.93 | 77.71 | 81.95 | 86.95 | 54.56 | 56.72 | 42.47 | 32.26 | 33.91 | 20.24 | 18.27 | 14.91 | 8.71 | 0.68 | 27.23 | 13.78 | 5.05 | -4.83 | -36.99 | 24.17 | 2.29 | 2.85 | 11.14 | 5.55 | 10.02 | 13.25 | 12.95 | 16.21 | 13.42 | 5.79 | 16.14 | 20.04 | 27.51 | 21.18 | 41.07 | 22.35 | 29.27 | 22.74 | 21.93 | 18.69 | 21.19 | 15.65 |
| Cost of revenue | 302.71 | 115.69 | 74.99 | 81.54 | 79.82 | 55.54 | 22.99 | 19.10 | 18.93 | 26.34 | 28.88 | 32.81 | 31.05 | 33.83 | 25.91 | 27.07 | 23.49 | 28.37 | 19.34 | 21.55 | 19.21 | 19.16 | 18.99 | 20.50 | 19.28 | 20.16 | 17.50 | 20.98 | 19.79 | 18.59 | 18.37 | 22.39 | 15.49 | 14.28 | 13.24 | 14.29 | 12.92 | 12.80 | 13.70 | 22.63 | 20.41 | 22.41 | 19.11 | 23.75 | 14.33 | 12.15 | 8.78 | 19.77 | 6.60 | 7.87 | 4.65 | 1.43 | 2.24 | -1.18 | 1.18 | 1.57 | 0.75 | 20.16 | 0.00 | 0.00 | 0.00 | 108.17 | -6.33 | 6.33 | 56.90 | 361.93 | 52.86 | 13.14 | 75.78 | 62.01 | 5.72 | 62.23 | 7.01 | 12.83 | 6.90 | 3.89 | 6.84 | 6.72 | 6.24 | 7.76 | 5.40 |
| Gross profit | 77.44 | 273.34 | 297.98 | 311.77 | 285.85 | 341.95 | 403.08 | 442.25 | 463.21 | 474.26 | 485.72 | 481.95 | 451.91 | 420.17 | 326.05 | 253.39 | 209.20 | 240.37 | 179.20 | 173.16 | 166.54 | 167.91 | 173.38 | 170.96 | 185.63 | 200.55 | 196.38 | 202.38 | 205.14 | 187.69 | 184.89 | 169.09 | 140.04 | 131.91 | 133.24 | 112.08 | 105.12 | 103.06 | 114.25 | 91.93 | 77.71 | 81.95 | 86.95 | 54.56 | 56.72 | 42.47 | 32.26 | 33.91 | 20.24 | 18.27 | 14.91 | 8.71 | 0.68 | 27.23 | 20.35 | 8.03 | -2.81 | -36.99 | 7.02 | 2.07 | 12.63 | 11.14 | 8.58 | 10.02 | 13.25 | 12.95 | 13.07 | 13.42 | 16.16 | 16.14 | 19.42 | 27.51 | 21.18 | 41.07 | 22.35 | 29.27 | 22.74 | 21.93 | 18.69 | 21.19 | 15.65 |
| Total operating expenses | 28.79 | 5.79 | -9.44 | 39.70 | 42.94 | 16.06 | 138.57 | 161.43 | 244.18 | 123.69 | 103.78 | 33.67 | 14.25 | 195.00 | 18.57 | 22.11 | 8.07 | 18.40 | 12.03 | -44.04 | 16.86 | 7.47 | 82.59 | 152.44 | 238.76 | 120.90 | 121.70 | 126.78 | 128.17 | 113.76 | 106.55 | 96.48 | 78.81 | 22.00 | 21.00 | 22.00 | 20.00 | 20.00 | 21.00 | 23.00 | 20.00 | 22.00 | 19.00 | 24.00 | 56.72 | 12.15 | 8.78 | 33.91 | 6.60 | 7.93 | 4.05 | 3.00 | 0.68 | 5.52 | 7.14 | 2.00 | 1.00 | -11.00 | 24.17 | 2.29 | 10.28 | 11.14 | 5.55 | 9.24 | 5.00 | 4.00 | 6.00 | 13.42 | 5.79 | 6.00 | 6.00 | 6.00 | 7.00 | 9.00 | 7.00 | 8.00 | 8.00 | 21.93 | 6.00 | 8.00 | 5.00 |
| Operating income | 48.65 | 267.55 | 307.42 | 272.07 | 242.91 | 325.89 | 264.51 | 280.82 | 219.03 | 350.57 | 381.94 | 448.28 | 437.67 | 225.17 | 307.48 | 231.29 | 201.13 | 221.97 | 167.16 | 217.19 | 149.68 | 160.44 | 90.79 | 18.53 | -53.13 | 79.65 | 74.67 | 75.60 | 76.97 | 73.93 | 78.34 | 72.61 | 61.24 | 58.19 | 57.89 | 50.71 | 51.49 | 52.32 | 64.53 | 58.78 | 57.24 | 59.69 | 67.92 | 26.10 | 24.91 | 24.66 | 21.70 | 6.98 | 14.99 | 25.42 | 10.40 | 6.77 | -1.36 | -2.14 | 12.86 | 7.84 | 90.82 | 9.60 | 35.32 | 31.51 | 281.22 | 40.67 | -102.60 | 34.56 | -31.91 | -372.05 | -86.85 | 13.85 | -52.29 | -18.04 | 41.87 | -1.92 | 52.12 | 70.61 | 59.16 | 65.57 | 50.70 | 47.44 | 41.29 | 39.69 | 27.52 |
| Non-operating income (net) | -53.83 | -227.38 | -242.50 | -264.19 | -242.54 | -288.97 | -319.74 | -339.80 | -341.20 | -351.59 | -349.81 | -344.58 | -317.22 | -271.22 | -202.39 | -136.67 | -100.72 | -97.04 | -82.69 | -84.55 | -69.04 | -75.89 | 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 | 1.00 | 2.06 | 10.52 | 0.20 | 5.98 | -0.07 | 6.42 | 21.43 | 0.78 | 1.78 | 31.46 | -1.34 | -15.03 | -0.14 | 0.55 | -0.20 | 125.87 | 0.15 | -4.35 | 50.73 | -24.35 | -27.30 | -24.23 | -26.92 | -29.50 | -31.56 | -31.65 | -31.25 | -18.68 | -19.60 | -20.24 | -21.27 | -30.75 | -28.18 | -32.80 | -37.94 | -42.37 | -43.72 | -40.19 | -36.10 | -32.23 | -28.84 | -26.27 | -17.27 |
| Income before tax | -5.18 | 40.16 | 64.92 | 7.89 | 0.37 | 36.93 | -55.23 | -58.99 | -122.17 | -1.02 | 32.13 | 103.70 | 120.45 | -46.05 | 105.09 | 94.61 | 100.41 | 124.94 | 84.47 | 132.64 | 80.64 | 84.55 | 90.79 | 18.53 | -53.13 | 79.65 | 74.67 | 75.60 | 76.97 | 73.93 | 78.34 | 72.61 | 61.24 | 58.19 | 57.89 | 50.71 | 51.49 | 53.32 | 66.59 | 69.30 | 57.44 | 65.67 | 67.86 | 32.52 | 46.34 | 25.44 | 23.48 | 38.44 | 13.65 | 10.39 | 10.26 | 7.32 | -1.56 | 123.73 | 13.02 | 3.49 | 141.55 | -14.75 | 8.02 | 7.29 | 254.31 | 11.17 | -134.15 | 2.90 | -63.16 | -390.73 | -106.46 | -6.40 | -73.55 | -48.79 | 13.69 | -34.72 | 14.17 | 28.24 | 15.45 | 25.38 | 14.60 | 15.21 | 12.45 | 13.42 | 10.25 |
| Income tax expense | 1.16 | 0.54 | 1.51 | 0.90 | 0.72 | -0.46 | 0.61 | 1.22 | 1.00 | 0.70 | 1.57 | 1.20 | 1.89 | 0.94 | 1.17 | 0.75 | 0.15 | 0.08 | 0.07 | 0.18 | 0.10 | 0.13 | 0.02 | 0.02 | 0.15 | 0.07 | -0.72 | 0.05 | 0.10 | 0.04 | 0.05 | 0.10 | 0.12 | 0.05 | 0.08 | 0.09 | 0.09 | -0.09 | 0.19 | -0.15 | 0.24 | 0.07 | 0.08 | 0.11 | 0.25 | 0.11 | -0.12 | 0.00 | 0.53 | 0.67 | -0.26 | 0.55 | 0.04 | -1.61 | 0.72 | 0.14 | 0.30 | 1.33 | -0.24 | 1.06 | 0.39 | 1.25 | 0.56 | 0.29 | 0.29 | -0.29 | -0.41 | -0.41 | -0.41 | 2.37 | 0.03 | 0.10 | -0.60 | -0.40 | -0.05 | 0.00 | -0.25 | -0.28 | -0.98 | -0.77 | -0.70 |
| Net income | -6.30 | 39.56 | 63.40 | 6.97 | -0.36 | 37.19 | -56.38 | -61.06 | -123.84 | -2.38 | 29.52 | 101.65 | 117.76 | -47.54 | 103.25 | 93.25 | 99.69 | 123.94 | 83.76 | 131.60 | 79.90 | 83.62 | 89.86 | 17.54 | -53.35 | 78.93 | 74.90 | 75.17 | 76.57 | 73.64 | 78.17 | 72.31 | 60.96 | 57.89 | 57.72 | 50.61 | 51.41 | 53.38 | 64.79 | 63.08 | 57.05 | 65.27 | 66.89 | 29.28 | 35.39 | 21.49 | 22.02 | 33.47 | 13.07 | 7.08 | 8.32 | 2.75 | -3.12 | 105.19 | 7.00 | 2.28 | 66.55 | -8.32 | 13.72 | -1.85 | 254.59 | 9.92 | -134.71 | 2.90 | -63.45 | -390.44 | -106.46 | -6.40 | -73.15 | -51.16 | 13.67 | -34.82 | 14.77 | 28.64 | 15.50 | 25.38 | 14.85 | 15.49 | 13.44 | 14.19 | 10.95 |