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