Blackstone Mortgage Trust annual operating expenses
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Blackstone Mortgage Trust Operating Expenses Growth & History (BXMT)
Blackstone Mortgage Trust's operating expenses was $335.3M for fiscal 2025.
View full Blackstone Mortgage Trust company overviewBlackstone Mortgage Trust annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $335.3M | $178.9M | +114.35% |
| 2024 | 2024-12-31 | $156.4M | −$13.8M | −8.10% |
| 2023 | 2023-12-31 | $170.2M | $7.7M | +4.77% |
| 2022 | 2022-12-31 | $162.5M | $30.9M | +23.44% |
| 2021 | 2021-12-31 | $131.6M | $7.8M | +6.34% |
| 2020 | 2020-12-31 | $123.8M | $6.5M | +5.54% |
| 2019 | 2019-12-31 | $117.3M | $6.9M | +6.28% |
| 2018 | 2018-12-31 | $110.4M | $25.6M | +30.20% |
| 2017 | 2017-12-31 | $84.8M | $1.1M | +1.30% |
| 2016 | 2016-12-31 | $83.7M | $4.1M | +5.13% |
| 2015 | 2015-12-31 | $79.6M | $32.3M | +68.31% |
| 2014 | 2014-12-31 | $47.3M | $29.8M | +171.13% |
| 2013 | 2013-12-31 | $17.4M | $7.1M | +68.21% |
| 2012 | 2012-12-31 | $10.4M | $1.4M | +15.44% |
| 2011 | 2011-12-31 | $9.0M | $2.9M | +48.83% |
| 2010 | 2010-12-31 | $6.0M | −$16.1M | −72.78% |
| 2009 | 2009-12-31 | $22.2M | — | — |
Blackstone Mortgage Trust quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $111.0M | $32.6M | +41.66% |
| Q1 2026 | 2026-03-31 | $110.8M | $34.6M | +45.36% |
| Q4 2025 | 2025-12-31 | $108.1M | $52.3M | +93.93% |
| Q3 2025 | 2025-09-30 | $72.7M | $38.0M | +109.44% |
| Q2 2025 | 2025-06-30 | $78.4M | $45.0M | +134.96% |
| Q1 2025 | 2025-03-31 | $76.2M | $43.5M | +133.35% |
| Q4 2024 | 2024-12-31 | $55.7M | $16.1M | +40.72% |
| Q3 2024 | 2024-09-30 | $34.7M | −$6.2M | −15.09% |
| Q2 2024 | 2024-06-30 | $33.3M | −$12.5M | −27.24% |
| Q1 2024 | 2024-03-31 | $32.7M | −$11.3M | −25.64% |
| Q4 2023 | 2023-12-31 | $39.6M | −$8.7M | −18.06% |
| Q3 2023 | 2023-09-30 | $40.9M | $2.0M | +5.25% |
| Q2 2023 | 2023-06-30 | $45.8M | $6.4M | +16.12% |
| Q1 2023 | 2023-03-31 | $43.9M | $8.1M | +22.51% |
| Q4 2022 | 2022-12-31 | $48.3M | $8.9M | +22.54% |
| Q3 2022 | 2022-09-30 | $38.8M | $8.7M | +28.69% |
| Q2 2022 | 2022-06-30 | $39.5M | $7.3M | +22.54% |
| Q1 2022 | 2022-03-31 | $35.8M | $6.0M | +20.27% |
| Q4 2021 | 2021-12-31 | $39.4M | $8.7M | +28.41% |
| Q3 2021 | 2021-09-30 | $30.2M | −$44,000 | −0.15% |
| Q2 2021 | 2021-06-30 | $32.2M | $432,000 | +1.36% |
| Q1 2021 | 2021-03-31 | $29.8M | −$1.3M | −4.07% |
| Q4 2020 | 2020-12-31 | $30.7M | $648,000 | +2.16% |
| Q3 2020 | 2020-09-30 | $30.2M | $3.0M | +10.95% |
| Q2 2020 | 2020-06-30 | $31.8M | $901,000 | +2.92% |
| Q1 2020 | 2020-03-31 | $31.1M | $2.0M | +6.75% |
| Q4 2019 | 2019-12-31 | $30.1M | $1.8M | +6.54% |
| Q3 2019 | 2019-09-30 | $27.2M | $432,000 | +1.61% |
| Q2 2019 | 2019-06-30 | $30.9M | −$254,000 | −0.82% |
| Q1 2019 | 2019-03-31 | $29.1M | $4.9M | +20.26% |
| Q4 2018 | 2018-12-31 | $28.2M | $6.2M | +28.34% |
| Q3 2018 | 2018-09-30 | $26.8M | $6.1M | +29.76% |
| Q2 2018 | 2018-06-30 | $31.1M | $9.4M | +43.04% |
| Q1 2018 | 2018-03-31 | $24.2M | $3.9M | +18.92% |
| Q4 2017 | 2017-12-31 | $22.0M | $2.5M | +12.61% |
| Q3 2017 | 2017-09-30 | $20.7M | −$453,000 | −2.15% |
| Q2 2017 | 2017-06-30 | $21.8M | −$862,000 | −3.81% |
| Q1 2017 | 2017-03-31 | $20.3M | −$59,000 | −0.29% |
| Q4 2016 | 2016-12-31 | $19.5M | −$2.9M | −12.85% |
| Q3 2016 | 2016-09-30 | $21.1M | $2.0M | +10.50% |
| Q2 2016 | 2016-06-30 | $22.6M | −$1.1M | −4.72% |
| Q1 2016 | 2016-03-31 | $20.4M | $6.1M | +42.37% |
| Q4 2015 | 2015-12-31 | $22.4M | $10.3M | +84.43% |
| Q3 2015 | 2015-09-30 | $19.1M | $10.3M | +117.63% |
| Q2 2015 | 2015-06-30 | $23.7M | $4.0M | +20.15% |
| Q1 2015 | 2015-03-31 | $14.3M | $7.7M | +117.31% |
| Q4 2014 | 2014-12-31 | $12.1M | $4.2M | +53.21% |
| Q3 2014 | 2014-09-30 | $8.8M | $4.7M | +116.90% |
| Q2 2014 | 2014-06-30 | $19.8M | $16.3M | +476.77% |
| Q1 2014 | 2014-03-31 | $6.6M | $4.6M | +223.65% |
| Q4 2013 | 2013-12-31 | $7.9M | $3.9M | +95.54% |
| Q3 2013 | 2013-09-30 | $4.0M | $57,000 | +1.43% |
| Q2 2013 | 2013-06-30 | $3.4M | $1.9M | +118.70% |
| Q1 2013 | 2013-03-31 | $2.0M | $1.3M | +169.58% |
| Q4 2012 | 2012-12-31 | $4.1M | — | — |
| Q3 2012 | 2012-09-30 | $4.0M | −$950,000 | −19.23% |
| Q2 2012 | 2012-06-30 | $1.6M | −$3.1M | −66.29% |
| Q1 2012 | 2012-03-31 | $756,000 | −$9.5M | −92.65% |
| Q3 2011 | 2011-09-30 | $4.9M | −$207,000 | −4.02% |
| Q2 2011 | 2011-06-30 | $4.6M | $140,000 | +3.10% |
| Q1 2011 | 2011-03-31 | $10.3M | — | — |
| Q3 2010 | 2010-09-30 | $5.1M | — | — |
| Q2 2010 | 2010-06-30 | $4.5M | — | — |
Blackstone Mortgage Trust operating expenses trends
Over the last five fiscal years, Blackstone Mortgage Trust's operating expenses increased from $123.8M to $335.3M, a change of $211.5M. The latest reported quarter, Q2 2026, shows $111.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Blackstone Mortgage Trust source filings ↗