Blackstone Mortgage Trust, Inc. (BXMT) Earnings History
Earnings Pressure35 years of earnings data (1991–2025) · 5-year EPS trend is negative
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Blackstone Mortgage Trust, Inc. (BXMT) Earnings Overview
As of June 23, 2026, Blackstone Mortgage Trust, Inc. (BXMT) reported trailing twelve-month net income of $104M, reflecting +154.7% year-over-year growth. The company earned $0.61 per diluted share over the past four quarters, with a net profit margin of 7.2%.
Looking at the long-term picture, BXMT's 5-year EPS compound annual growth rate (CAGR) stands at -8.0%, signaling declining earnings. The company achieved its highest annual net income of $419M in fiscal 2021.
Blackstone Mortgage Trust, Inc. maintains positive profitability with a gross margin of 76.9%, operating margin of 71.6%, and net margin of 7.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including KREF (-$104M net income, -10.3% margin), TRTX ($61M net income, 18.1% margin), ACRE (-$20M net income, -1.1% margin), BXMT has outperformed on profitability metrics. Compare BXMT vs KREF →
BXMT Earnings vs Peers
Earnings metrics vs comparable public companies
BXMT Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $110M | +153.7% | $1.09B | $0.64 | 7.2% | 71.6% |
| 2024 | -$204M | -182.8% | $1.09B | $-1.17 | -11.5% | 61.6% |
| 2023 | $247M | -0.8% | $1.62B | $1.43 | 12.2% | 80.4% |
| 2022 | $249M | -40.7% | $965M | $1.46 | 18.8% | 73.2% |
| 2021 | $419M | +204.5% | $756M | $2.77 | 49.4% | 89.2% |
| 2020 | $138M | -54.9% | $484M | $0.97 | 17.7% | 62.4% |
| 2019 | $306M | +7.2% | $307M | $2.35 | 34.6% | 34.8% |
| 2018 | $285M | +31.0% | $286M | $2.50 | 37.7% | 37.8% |
| 2017 | $218M | -8.7% | $218M | $2.27 | 40.5% | 40.6% |
| 2016 | $238M | +21.1% | $243M | $2.53 | 47.9% | 49.0% |
| 2015 | $197M | +118.6% | $201M | $2.41 | 47.9% | 48.8% |
| 2014 | $90M | +499.0% | $82M | $1.86 | 48.7% | 44.2% |
| 2013 | $15M | -91.7% | $26M | $0.81 | 28.3% | 49.4% |
| 2012 | $181M | -29.8% | $80M | $73.13 | 442.8% | 196.6% |
| 2011 | $258M | +239.3% | $11M | $107.80 | 195.2% | 8.6% |
| 2010 | -$185M | +67.8% | -$118M | $-82.85 | -106.7% | -67.7% |
| 2009 | -$576M | -901.8% | -$459M | $-257.58 | -461.0% | -367.3% |
| 2008 | -$58M | -168.2% | $55M | $-27.27 | -27.5% | 26.1% |
| 2007 | $84M | +56.0% | $71M | $47.70 | 31.9% | 26.7% |
| 2006 | $54M | +22.6% | $50M | $34.00 | 29.8% | 27.8% |
| 2005 | $44M | +100.7% | $82M | $28.80 | 42.1% | 78.0% |
| 2004 | $22M | +62.5% | $18M | $21.40 | 40.1% | 33.5% |
| 2003 | $14M | +238.9% | $24M | $22.30 | 35.6% | 63.2% |
| 2002 | -$10M | -203.9% | $31M | $-16.21 | -24.9% | 78.6% |
| 2001 | $9M | -4.0% | $52M | $11.20 | 17.9% | 100.1% |
| 2000 | $10M | -42.9% | $64M | $9.90 | 17.0% | 111.7% |
| 1999 | $17M | +27.6% | $79M | $16.50 | 25.1% | 115.2% |
| 1998 | $13M | +391.3% | $51M | $13.20 | 28.8% | 108.4% |
| 1997 | -$5M | -1050.0% | -$2M | $-18.90 | -79.3% | -36.2% |
| 1996 | $-400,000 | +85.7% | $100,000 | $-1.50 | -10.8% | 2.7% |
| 1995 | -$3M | - | -$2M | $-9.00 | -100.0% | -71.4% |
| 1994 | $0 | +100.0% | $4M | $0.00 | 0.0% | 100.0% |
| 1993 | -$8M | +19.4% | -$7M | $-26.40 | -202.4% | -165.9% |
| 1992 | -$10M | -186.1% | -$9M | $-33.90 | -223.9% | -193.5% |
| 1991 | -$4M | - | -$2M | $-11.70 | -63.2% | -36.8% |
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BXMT — Frequently Asked Questions
Quick answers to the most common questions about buying BXMT stock.
What is BXMT earnings per share (EPS)?
BXMT trailing twelve-month (TTM) diluted EPS is $0.61, reflecting +154.7% year-over-year growth. The 5-year EPS CAGR is -8.0%. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is Blackstone Mortgage Trust, Inc.'s net income?
Blackstone Mortgage Trust, Inc. (BXMT) trailing twelve-month net income is $104M as of 2025. Earnings grew +154.7% year-over-year.
Is BXMT profitable?
Yes, BXMT is profitable with a TTM net income of $104M and a net profit margin of +7.2%.
What is BXMT's earnings growth rate?
BXMT compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: -24.0%, 5-Year: -8.0%, 10-Year: -12.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are BXMT's profit margins?
Blackstone Mortgage Trust, Inc. net profit margin is +7.2%, operating margin is +71.6%, and gross margin is +76.9%. Margins are within a typical range for the sector. Return on Equity is +3.0%.
Is BXMT growing earnings?
Yes, BXMT earnings are accelerating — EPS growth of +154.7% exceeds the 5-year CAGR of -8.0%. TTM net income reached $104M. Earnings momentum is strengthening.
What was BXMT's best earnings year?
Blackstone Mortgage Trust, Inc.'s highest annual net income on record is $419M, achieved in fiscal year 2021. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were BXMT's earnings last quarter?
BXMT's most recent reported quarter was Q1 2026. Net income was $-6M with diluted EPS of $-0.04. For a full breakdown of all quarters, see the quarterly earnings table on this page.