BXMT - NYSE

Blackstone Mortgage Trust, Inc.

BXMT·NYSE

$18.01

-0.11%

Real EstateREIT - Mortgage

Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was founded in 1997 and is headquartered in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$3.04B

EPS0.6400

P/E Ratio28.14

Earnings Date07/29/2026

1.52B

Revenue

-14%

3Y+15.0%

5Y+252.0%

10Y+365.0%

109.57M

Net Income

-154%

3Y-56.0%

5Y-20.0%

10Y-54.0%

275.87M

Operating Cash Flow

-25%

3Y-30.0%

5Y-18.0%

10Y+17.0%

Blackstone Mortgage Trust, Inc. Profit Bridge

BXMT · NYSE

Revenue & Cost of Sales

Revenue1.52B

Cost of Goods Sold (351.97M)

Gross Profit1.17B

Operating Expenses

Operating Expenses (79.29M)

Operating Income1.09B

Other Income & Taxes

Interest Expense (988.95M)

Other Income/Expense-976.35M

Pretax Income113.34M

Income Tax (3.67M)

Net Income109.57M

Net Income

109.57M

Profitability Analysis

Gross Margin

76.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

71.6%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

7.2%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

3.2%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Blackstone Mortgage Trust, Inc. Income Statement

BXMT • NYSE

Blackstone Mortgage Trust, Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	1.5B	1.8B	2B	1.3B	847.7M	432.2M	424.2M	396.5M	303M	327.1M	280.2M	128.9M	42.6M	54.5M	-27.9M	-33.5M	45.2M	80.2M	115.4M	77.5M
GROSS PROFIT
Cost of Revenue	(352M)	(119.1M)	(119.1M)	(110.3M)	(88.5M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Gross Profit	1.2B	1.6B	1.9B	1.2B	759.3M	432.2M	424.2M	321.7M	248.2M	271.2M	237.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
OPERATING INCOME
Operating Expenses	(79.3M)	(559.7M)	(275.5M)	(243.8M)	(3.3M)	(432.2M)	(424.2M)	(110M)	(85M)	(84M)	(80M)	(47M)	(42.6M)	(12.5M)	-27.9M	-33.5M	(45.2M)	(80.2M)	(194.1M)	(77.5M)
Selling, General & Administrative	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(38.5M)	(112.1M)	(105.9M)	(81M)	(80.4M)	(76.4M)	(47.3M)	(15.6M)	(9.5M)	(23.9M)	(18.8M)	(22.1M)	(25M)	(30M)	(23.1M)
Operating Income	1.1B	1.1B	1.6B	965.1M	756M	0.0	0.0	0.0	0.0	0.0	178.6M	100.5M	25.4M	22.6M	0.0	0.0	-459.3M	54.7M	70.7M	50.4M
PRE-TAX INCOME
Interest Expense	(988.9M)	(1.3B)	(1.4B)	(710.9M)	(340.2M)	(347.5M)	(458.5M)	(359.6M)	(234.9M)	(184.3M)	(152.4M)	(69.1M)	(18M)	(38.1M)	(97M)	(124M)	(79.8M)	(129.7M)	(162.4M)	(104.6M)
Net Interest Income	367.5M	479.1M	670.7M	628.1M	514.5M	432.2M	424.2M	396.5M	303M	313.7M	258.2M	115.6M	35.1M	-3.2M	20.2M	34.8M	42M	66.6M	91M	70.8M
Other Expenses	(79.3M)	(559.7M)	(275.5M)	(243.8M)	(3.3M)	(393.6M)	(312.1M)	(4.1M)	(4M)	(3.6M)	(3.6M)	(0.0)	(27M)	(2.2M)	-34.7M	-37M	(0.0)	(55.3M)	(85.5M)	(54.4M)
Total Other Income Expenses Net	-976.4M	-1.3B	-1.4B	-711M	-333.3M	140.7M	306.9M	286.1M	0.0	246.6M	33.8M	518K	995K	259.8M	254.6M	-124M	-117.8M	-110.5M	13M	898K
Income Before Tax	113.3M	-199.5M	255.3M	254.1M	422.7M	140.7M	306.9M	286.1M	218.3M	246.6M	212.4M	101M	26.4M	282.4M	254.9M	-183.2M	-577.1M	-55.6M	83.7M	51.3M
NET INCOME
Income Tax Expense	(3.7M)	(2.4M)	(5.4M)	(3M)	(423K)	(323K)	-506K	(308K)	(314K)	(196K)	(504K)	(518K)	(995K)	(174K)	(2.5M)	(2.1M)	-694K	(1.9M)	-706K	-2.7M
Net Income	109.6M	-204.1M	246.6M	248.6M	419.2M	137.7M	305.6M	285.1M	217.6M	238.3M	196.8M	90M	15M	181M	258.1M	-185.3M	-576.4M	-57.5M	84.4M	54.1M

SEC Filings

BXMT - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 19, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 05, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 29, 2026	June 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 11, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 11, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 29, 2025	October 29, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	October 29, 2025	September 30, 2025	2025	View Filing

Showing 1 to 10 of 447 filings

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