---
title: "Blackstone Secured Lending Fund Q2 2026: Revenue $320.5M, EPS $0.04— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295091159.md"
description: "Blackstone Secured Lending Fund reported Q2 2026 total investment income of $320.5M and diluted EPS of $0.04, down significantly from the prior year. Weaker portfolio yields and markdowns weighed on earnings. New commitments focused on first-lien debt, while non-accrual assets rose to 3.6%. The firm maintained liquidity and continued funding senior secured loans."
datetime: "2026-08-06T10:21:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295091159.md)
  - [en](https://longbridge.com/en/news/295091159.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295091159.md)
---

# Blackstone Secured Lending Fund Q2 2026: Revenue $320.5M, EPS $0.04— 10-Q Summary

Blackstone Secured Lending Fund reported second-quarter 2026 results with total investment income of $320.5M and diluted EPS of $0.04, as weaker portfolio yields and markdowns weighed on earnings compared with the prior-year quarter.

**Financial Highlights**

-   Revenue: $320.5M total investment income for Q2 2026, compared with $344.8M in Q2 2025; YoY change (7.1%).
-   Net income: Net increase in net assets resulting from operations $9.5M for Q2 2026, compared with $155.0M in Q2 2025; YoY change (93.9%).
-   Diluted EPS: $0.04 for Q2 2026, compared with $0.68 in Q2 2025; YoY change (94.1%).

**Business Highlights**

-   Revenue trend: Investment income declined about 7–8% year over year driven by lower portfolio yields despite a roughly 5–6% increase in average invested assets.
-   Portfolio activity shift: New commitments were concentrated in first‑lien debt (the majority of new activity), with modest equity allocations and higher prepayment activity.
-   Credit and performance: Non‑accrual assets increased to 3.6% of amortized cost; unrealized and deal‑level markdowns contributed to material fair value depreciation during the quarter.
-   Liquidity and operations: The firm maintained operating liquidity via cash, available credit and an AMT shelf, and continued funding focused on originating senior secured loans.
-   Fees and expenses: Management fees were modestly higher while incentive fees were lower due to a fee cap; administration and professional expenses rose slightly.

Original SEC Filing: Blackstone Secured Lending Fund \[ BXSL \] - 10-Q - Aug. 06, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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