Carlyle Secured Lending (CGBD) Tax Rate (2021 - 2026)

Carlyle Secured Lending's (CGBD) quarterly Tax Rate came in at 1.72% in Q1 2026, down 131.0% year-on-year from 5.55% in Q1 2025, and up 19.77% quarter-over-quarter from 1.44% in Q4 2025.

Carlyle Secured Lending (CGBD) Tax Rate (2021 - 2026) Analysis & Trends

Carlyle Secured Lending has disclosed Tax Rate across 6 years of filings, most recently posting 1.72% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 1.72%, down 131.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.58% (down 98.0% YoY), and the FY2025 annual result was 1.86%, down 68.0% from the prior year.
  • Tax Rate came in at 1.72% for Q1 2026 at Carlyle Secured Lending, up from 1.44% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 8.9% in Q4 2022 to a low of 0.72% in Q4 2024.
  • The 5-year median for Tax Rate is 1.93% (2023), against an average of 2.43%.
  • Across the five-year window, Tax Rate soared 628 bps in 2022 and tumbled 750 bps in 2023, its largest moves.
  • Carlyle Secured Lending's Tax Rate stood at 8.9% in 2022, then tumbled by 84 bps to 1.4% in 2023, then sank by 48 bps to 0.72% in 2024, then jumped by 99 bps to 1.44% in 2025, then increased by 20 bps to 1.72% in 2026.
  • The last three Tax Rate figures came in at 1.72% (Q1 2026), 1.44% (Q4 2025), and 1.83% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - 18.16%
2 Blackstone 96.40 Bn 95.35 Bn - 13.55%
3 Kkr 85.87 Bn 133.39 Bn - 40.05%
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn 598.59%
5 State Street 46.62 Bn 20.95 Bn - 21.16%
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn 20.02%
7 Northern Trust 32.35 Bn 32.35 Bn - 24.99%
8 Ares Management 30.25 Bn 33.62 Bn - 19.13%
9 Raymond James Financial 30.24 Bn 18.99 Bn - -
10 Carlyle Secured Lending 777.51 Mn 680.26 Mn - 1.72%

Historic Data

Download Data
DateValue
Mar 31, 2026 1.72%
Mar 31, 2026 1.72%
Dec 31, 2025 1.44%
Dec 31, 2025 1.44%
Sep 30, 2025 1.83%
Sep 30, 2025 1.83%
Jun 30, 2025 1.33%
Jun 30, 2025 1.33%
Mar 31, 2025 3.03%
Mar 31, 2025 3.03%
Dec 31, 2024 0.72%
Dec 31, 2024 0.72%
Sep 30, 2024 2.93%
Sep 30, 2024 2.93%
Jun 30, 2024 3.51%
Jun 30, 2024 3.51%
Mar 31, 2024 2.83%
Mar 31, 2024 2.83%
Dec 31, 2023 1.40%
Dec 31, 2023 1.40%