Barings BDC (BBDC) Operating Margin (2021 - 2026)
Barings BDC (BBDC) posted Operating Margin of 62.91% for Q1 2026, up 52.54% sequentially from 41.24% in Q4 2025, and up 418.0% YoY from 12.14% in Q1 2025.
Barings BDC (BBDC) Operating Margin (2021 - 2026) Analysis & Trends
Barings BDC has reported Operating Margin for 6 years, with the latest figure at 62.91% in Q1 2026.
- Quarterly Operating Margin rose 418.0% year-over-year to 62.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.85% (down 325.0% YoY) and the FY2025 annual result came in at 63.85%, up 11.0% from the prior year.
- Operating Margin advanced to 62.91% in Q1 2026 per BBDC's latest filing, from 41.24% in the prior quarter.
- Over five years, Operating Margin peaked at 62.91% in Q1 2026 and troughed at 40.07% in Q2 2025.
- A 5-year average of 48.09% and a median of 44.61% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin surged 1678 bps in 2022, then sank 1621 bps in 2025.
- Over 5 years, Operating Margin stood at 58.23% in 2022, then dropped by 24 bps to 44.21% in 2023, then fell by 5 bps to 41.79% in 2024, then slipped by 1 bps to 41.24% in 2025, then jumped by 53 bps to 62.91% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 62.91%, 41.24%, and 46.42% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.51 Bn | 165.64 Bn | - | 34.74% |
| 2 | Blackstone | 115.57 Bn | 113.06 Bn | - | - |
| 3 | Kkr | 97.76 Bn | -179.32 Bn | - | 35.61% |
| 4 | Brookfield | 93.66 Bn | 46.26 Bn | - | - |
| 5 | Brookfield Asset Management | 84.03 Bn | 82.53 Bn | - | - |
| 6 | Apollo Global Management | 79.17 Bn | 53.80 Bn | 10.54 Bn | 47.97% |
| 7 | State Street | 51.60 Bn | 51.60 Bn | - | - |
| 8 | Ameriprise Financial | 51.35 Bn | 40.30 Bn | 4.72 Bn | 24.36% |
| 9 | Northern Trust | 34.18 Bn | 34.18 Bn | - | - |
| 10 | Barings BDC | 982.15 Mn | 930.75 Mn | - | 46.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 46.71% |
| Mar 31, 2026 | 62.91% |
| Dec 31, 2025 | 41.24% |
| Sep 30, 2025 | 46.42% |
| Jun 30, 2025 | 40.07% |
| Mar 31, 2025 | 58.73% |
| Dec 31, 2024 | 41.79% |
| Sep 30, 2024 | 42.60% |
| Jun 30, 2024 | 56.27% |
| Mar 31, 2024 | 42.05% |
| Dec 31, 2023 | 44.21% |
| Sep 30, 2023 | 47.39% |
| Jun 30, 2023 | 44.61% |
| Mar 31, 2023 | 40.81% |
| Dec 31, 2022 | 58.23% |
| Sep 30, 2022 | 49.57% |
| Jun 30, 2022 | 57.16% |
| Mar 31, 2022 | 43.44% |
| Dec 31, 2021 | 41.45% |
| Sep 30, 2021 | 42.47% |