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| Date | Value |
|---|---|
| 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 |