Growth Metrics

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

Barings BDC recorded quarterly Operating Expenses of $34.3 million in Q1 2026, down 11.48% quarter-over-quarter from $38.7 million in Q4 2025, and down 8.98% year-over-year from $37.6 million in Q1 2025.

Barings BDC's Operating Expenses history runs 6 years deep, the most recent figure standing at $34.3 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 8.98% year-over-year to $34.3 million; the TTM figure through Mar 2026 stood at $154.2 million (up 3.53% YoY), while the FY2025 annual figure 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.
  • 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 jumped 74.15% in 2023 and retreated 21.82% in 2024, its largest moves.
  • Barings BDC's Operating Expenses stood at $25.9 million in 2022, then surged by 59.33% to $41.3 million in 2023, then retreated by 4.93% to $39.2 million in 2024, then dropped by 1.36% to $38.7 million in 2025, then decreased 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 Barings BDC 852.13 Mn 796.72 Mn - 34.27 Mn

Historic Data

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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