Barings BDC (BBDC) Operating Expenses (2021 - 2026)

Barings BDC's (BBDC) quarterly Operating Expenses came in at $34.3 million in Q1 2026, down 8.98% year-on-year from $37.6 million in Q1 2025, and down 11.48% quarter-over-quarter from $38.7 million in Q4 2025.

Barings BDC (BBDC) Operating Expenses (2021 - 2026) Analysis & Trends

Barings BDC has disclosed Operating Expenses across 6 years of filings, most recently posting $34.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $34.3 million, down 8.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $154.2 million (up 3.53% YoY), and the FY2025 annual result was $157.6 million, up 4.01% from the prior year.
  • Operating Expenses came in at $34.3 million for Q1 2026 at Barings BDC, down from $38.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $43.8 million in Q2 2025 to a low of $23.8 million in Q2 2022.
  • The 5-year median for Operating Expenses is $37.6 million (2025), against an average of $35.6 million.
  • Across the five-year window, Operating Expenses soared 74.15% in 2023 and fell 21.82% in 2024, its largest moves.
  • Barings BDC's Operating Expenses stood at $25.9 million in 2022, then jumped by 59.33% to $41.3 million in 2023, then fell by 4.93% to $39.2 million in 2024, then slipped by 1.36% to $38.7 million in 2025, then retreated by 11.48% to $34.3 million in 2026.
  • The last three Operating Expenses figures came in at $34.3 million (Q1 2026), $38.7 million (Q4 2025), and $37.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Barings BDC 852.13 Mn 796.72 Mn - 34.27 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 34.27 Mn
Dec 31, 2025 38.71 Mn
Sep 30, 2025 37.45 Mn
Jun 30, 2025 43.78 Mn
Mar 31, 2025 37.65 Mn
Dec 31, 2024 39.24 Mn
Sep 30, 2024 39.63 Mn
Jun 30, 2024 32.43 Mn
Mar 31, 2024 40.20 Mn
Dec 31, 2023 41.28 Mn
Sep 30, 2023 37.13 Mn
Jun 30, 2023 41.48 Mn
Mar 31, 2023 39.51 Mn
Dec 31, 2022 25.91 Mn
Sep 30, 2022 28.39 Mn
Jun 30, 2022 23.82 Mn
Mar 31, 2022 24.74 Mn
Dec 31, 2021 21.43 Mn
Sep 30, 2021 20.10 Mn