NYSE$BXSL

Blackstone Secured Lending Fund · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Blackstone Secured Lending Fund reported Q2 2025 net income of $175.9M, diluted EPS of $0.77.

For Q2 2025, Blackstone Secured Lending Fund reported net income was $175.9M, diluted EPS was $0.77. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Net income $175.9M.
  • Diluted EPS $0.77.
  • MD&A highlights operating priorities, liquidity, and sector risks.

Headline financials

Total Revenue

-$91.7M

Previous: -$78.8M-16.3%
EPS (adj)

$0.77

Previous: $1.01-23.8%
Free Cash Flow

$155M

Previous: $196M-21.0%
Net Income

$155M

Previous: $196M-21.0%
Operating Income

-$164M

Previous: -$110M-49.5%
Gross Profit

-$91.7M

Previous: -$78.8M-16.3%

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

-$91.7M

Q2 2025+16.3%vs Q2 2024
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

BDC outlook ties to portfolio yields, credit quality, and deployment pace.

Tailwinds

  • Net investment income and dividend coverage.
  • Floating-rate portfolio benefits from rates.

Headwinds

  • Credit deterioration in portfolio companies.
  • Spread compression if rates fall.

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 Q2 2025

Historical avgQ2 2025

+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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