Blackstone Mortgage Trust, Inc. (BXMT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BXMT Revenue Growth
BXMT Revenue Analysis (2014–2025)
As of May 8, 2026, Blackstone Mortgage Trust, Inc. (BXMT) generated trailing twelve-month (TTM) revenue of $1.54 billion, reflecting modest growth of +4.0% year-over-year. The most recent quarter (Q1 2026) recorded $380.2 million in revenue, down 2.3% sequentially.
Looking at the longer-term picture, BXMT's 5-year compound annual growth rate (CAGR) stands at +14.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.01 billion in 2023.
When compared to Real Estate sector peers including KREF (-20.0% YoY), TRTX (+307.7% YoY), and ACRE (+112.4% YoY), BXMT has underperformed the peer group in terms of revenue growth. Compare BXMT vs KREF →
BXMT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BXMTCurrent | $1.5B | +4.0% | +14.4% | 71.6% | |
 KREF | $458M | -20.0% | +11.2% | 59.3% | |
 TRTX | $333M | +307.7% | +32.7% | 73.0% | |
 ACRE | $85M | +112.4% | +1.6% | 72.4% | |
 RC | $499M | +1726.0% | +5.4% | 24.2% | |
 GPMT | $145M | +249.6% | +6.7% | 43.6% |
BXMT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.52B | -14.0% | $1.17B | 76.9% | $1.09B | 71.6% |
| 2024 | $1.77B | -12.2% | $1.65B | 93.3% | $1.09B | 61.6% |
| 2023 | $2.01B | +52.6% | $1.89B | 94.1% | $1.62B | 80.4% |
| 2022 | $1.32B | +55.6% | $1.21B | 91.6% | $965.1M | 73.2% |
| 2021 | $847.7M | +9.3% | $759.3M | 89.6% | $756.0M | 89.2% |
| 2020 | $775.8M | -12.1% | $697.9M | 90.0% | $483.9M | 62.4% |
| 2019 | $882.9M | +16.7% | $804.4M | 91.1% | $306.9M | 34.8% |
| 2018 | $756.7M | +40.9% | $681.8M | 90.1% | $286.1M | 37.8% |
| 2017 | $537.1M | +8.0% | $482.2M | 89.8% | $218.3M | 40.6% |
| 2016 | $497.2M | +21.1% | $441.2M | 88.7% | $243.4M | 49.0% |
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Start ComparisonBXMT — Frequently Asked Questions
Quick answers to the most common questions about buying BXMT stock.
Is BXMT's revenue growth accelerating or slowing?
BXMT revenue growth slowed to +4.0%, below the 5-year CAGR of +14.4%. TTM revenue is $1.5B. The deceleration marks a shift from historical growth rates.
What is BXMT's long-term revenue growth rate?
Blackstone Mortgage Trust, Inc.'s 5-year revenue CAGR of +14.4% reflects the variable expansion pattern. Current YoY growth of +4.0% is near this long-term average.
How is BXMT's revenue distributed by segment?
BXMT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.