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

Barings BDC (BBDC) reported Operating Expenses of $34.3 million for Q1 2026, down 8.98% on a YoY basis from $37.6 million in Q1 2025, and down 11.48% sequentially from $38.7 million in Q4 2025.

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

Barings BDC (BBDC) has 6 years of Operating Expenses data on file, last reported at $34.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 8.98% year-over-year to $34.3 million; the trailing twelve-month figure through Mar 2026 stood at $154.2 million (up 3.53% YoY), and the FY2025 full-year result was $157.6 million, up 4.01% from the prior year.
  • Operating Expenses declined to $34.3 million in Q1 2026, 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.
  • A 5-year average of $35.6 million and a median of $37.6 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 74.15% in 2023 and fell 21.82% in 2024, its largest moves.
  • Tracing BBDC's Operating Expenses over 5 years: stood at $25.9 million in 2022, then soared by 59.33% to $41.3 million in 2023, then declined by 4.93% to $39.2 million in 2024, then decreased by 1.36% to $38.7 million in 2025, then fell by 11.48% to $34.3 million in 2026.
  • Business Quant data shows BBDC's Operating Expenses at $34.3 million in Q1 2026, $38.7 million in Q4 2025, and $37.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Barings BDC 857.55 Mn 787.73 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