Blackstone Secured Lending Fund (BXSL) Q4 Results Surpass Expectations

Blackstone Secured Lending Fund (BXSL) Reports Quarterly Results

Blackstone Secured Lending Fund (BXSL) announced quarterly earnings of $0.80 per share, surpassing the Zacks Consensus Estimate of $0.79 per share. This result is adjusted to exclude one-time items. In comparison, the company earned $0.84 per share during the same period last year.

This quarter's performance reflects a positive earnings surprise of 0.76%. In the previous quarter, BXSL was anticipated to earn $0.80 per share but actually delivered $0.82, resulting in a 2.5% surprise. Over the past four quarters, the company has exceeded consensus earnings estimates three times.

For the quarter ending December 2025, BXSL generated $358 million in revenue, which was slightly below the Zacks Consensus Estimate by 0.25%. This compares to $353 million in revenue reported a year earlier. The company has outperformed revenue expectations twice in the last four quarters.

The direction of BXSL’s share price in the near term will likely depend on management’s insights shared during the earnings call, as well as future earnings projections.

Since the start of the year, BXSL shares have declined approximately 9.5%, while the S&P 500 has gained 0.7% over the same period.

What Lies Ahead for BXSL?

Although Blackstone Secured Lending Fund (BXSL) has lagged behind the broader market this year, investors are now considering the fund’s future prospects.

One key factor to watch is the company’s earnings outlook, which includes both current consensus estimates for upcoming quarters and any recent changes to those forecasts.

Studies have shown a strong link between short-term stock performance and trends in earnings estimate revisions. Investors can monitor these changes themselves or use tools like the Zacks Rank, which has a strong track record of leveraging earnings estimate trends.

Prior to this earnings announcement, estimate revisions for BXSL were mixed. Following the latest results, the Zacks Rank for the stock stands at #3 (Hold), suggesting the shares are likely to perform in line with the market in the near term. For a full list of Zacks #1 Rank (Strong Buy) stocks, click here.

Looking ahead, analysts expect BXSL to report earnings of $0.76 per share on $347.6 million in revenue for the next quarter, and $2.96 per share on $1.4 billion in revenue for the current fiscal year.

It’s important to remember that the broader industry outlook can also influence the stock’s performance. The Zacks Financial - SBIC & Commercial Industry group currently ranks in the bottom 43% of over 250 industries tracked by Zacks. Historically, the top half of Zacks-ranked industries have outperformed the bottom half by more than two to one.

Industry Comparison: Morgan Stanley Direct Lending Fund (MSDL)

Another company in the same sector, Morgan Stanley Direct Lending Fund (MSDL), has not yet released its results for the quarter ending December 2025. These results are scheduled for release on February 26.

MSDL is projected to report quarterly earnings of $0.49 per share, reflecting a 14% decrease from the prior year. The consensus earnings estimate for the quarter has remained steady over the past month.

Revenue for MSDL is expected to reach $96.4 million, representing a 6.4% decline compared to the same quarter last year.

Is BXSL a Good Investment Choice?

Before making an investment in Blackstone Secured Lending Fund (BXSL), you may want to explore the top stock picks for the next month. Zacks Investment Research offers a complimentary report on the 7 best stocks to buy now.

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