Barings BDC (BBDC) Operating Expenses (2021 - 2026)
Barings BDC (BBDC) posted Operating Expenses of $34.3 million for Q1 2026, down 11.48% sequentially from $38.7 million in Q4 2025, and down 8.98% YoY from $37.6 million in Q1 2025.
Barings BDC (BBDC) Operating Expenses (2021 - 2026) Analysis & Trends
Barings BDC has reported Operating Expenses for 6 years, with the latest figure at $34.3 million in Q1 2026.
- Quarterly Operating Expenses fell 8.98% year-over-year to $34.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $154.2 million (up 3.53% YoY) and the FY2025 annual result came in at $157.6 million, up 4.01% from the prior year.
- Operating Expenses declined to $34.3 million in Q1 2026 per BBDC's latest filing, from $38.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $43.8 million in Q2 2025 and troughed at $23.8 million in Q2 2022.
- A 5-year average of $35.6 million and a median of $37.6 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 74.15% in 2023, then decreased 21.82% in 2024.
- Over 5 years, Operating Expenses stood at $25.9 million in 2022, then soared by 59.33% to $41.3 million in 2023, then decreased by 4.93% to $39.2 million in 2024, then declined by 1.36% to $38.7 million in 2025, then slipped by 11.48% to $34.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $34.3 million, $38.7 million, and $37.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Barings BDC | 983.72 Mn | 932.32 Mn | - | 34.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.74 Mn |
| 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 |