NYSE$BXSL

Blackstone Secured Lending Fund · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Blackstone Secured Lending reported Q1 2026 net investment income of $183.0M ($0.77 per share).

BXSL generated $183.0 million of net investment income before tax for the quarter ended March 31, 2026, versus $193.0 million a year ago. Net investment income after tax was $179.0 million, or $0.77 per basic and diluted share, compared with $0.83. Net increase in net assets from operations was $25.2 million versus $149.8 million as mark-to-market and credit moves affected NAV.

  • Blackstone Secured Lending reported Q1 2026 net investment income of $183.
  • Quarter ended 2026-03-31; filing date 2026-05-07.
  • Revenue of about $183.0M in the quarter.
  • Diluted EPS $0.77.
  • BDC discusses portfolio yield, originations, and leverage under the credit facility; no earnings guide beyond NII run-ra…

Headline financials

Total Revenue

-$97.2M

Previous: -$91M-6.8%
EPS (adj)

$0.77

Previous: $0.66+16.7%
Net Income

$25.2M

Previous: $150M-83.1%

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

-$97.2M

Q1 2026+6.8%vs Q1 2025
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

BDC discusses portfolio yield, originations, and leverage under the credit facility; no earnings guide beyond NII run-rate commentary.

Tailwinds

  • NII per share $0.77 supports dividend discussion.
  • Senior secured focus in private credit.
  • Scale on Blackstone platform.

Headwinds

  • NII down modestly YoY.
  • Credit marks can swing quarterly NAV.
  • Floating-rate borrower stress if rates stay higher.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.5%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.6%

Avg return

30 days after

50%

10 / 20 earnings

Positive

+5.0%

Q2 2022

Best reaction

-4.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-3.1%-3.9%
Q4 2025+3.3%+1.5%-1.4%
Q3 2025+0.3%+0.6%+7.0%
Q2 2025-3.1%-2.6%-6.1%
Q1 2025+0.9%+4.0%+8.6%
Q4 2024-3.7%-1.4%-3.1%
Q3 2024-0.5%-0.9%+3.2%
Q2 2024+1.8%+1.7%+1.7%
Q1 2024-1.2%-3.2%-2.6%
Q4 2023-1.1%-0.8%+4.0%
Q3 2023-1.1%-0.8%-0.5%
Q2 2023-4.6%-3.8%-3.2%
Q1 2023-0.9%-1.2%+1.2%
Q4 2020+2.4%+2.4%+2.6%
Q4 2022+2.4%+2.4%+2.6%
Q3 2021+3.9%+5.3%+0.9%
Q3 2022+3.9%+5.3%+0.9%
Q2 2022+5.0%+3.9%+3.5%
Q1 2022+2.8%+1.0%-1.5%
Q4 2021-0.8%+3.1%-2.6%

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