KPIs & Operating Metrics(New)
Growth Metrics

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

Carlyle Secured Lending recorded quarterly Tax Rate of 1.72% in Q1 2026, up 19.77% quarter-over-quarter from 1.44% in Q4 2025, and down 131.0% year-over-year from 5.55% in Q1 2025.

Carlyle Secured Lending's Tax Rate history runs 6 years deep, the most recent figure standing at 1.72% for Q1 2026.

  • In Q1 2026, Tax Rate fell 131.0% year-over-year to 1.72%; the TTM figure through Mar 2026 stood at 1.58% (down 98.0% YoY), while the FY2025 annual figure 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.
  • A 5-year average of 2.43% and a median of 1.93% in 2023 frame the typical range for Tax Rate.
  • Across the five-year window, Tax Rate jumped 628 bps in 2022 and slumped 750 bps in 2023, its largest moves.
  • Carlyle Secured Lending's Tax Rate stood at 8.9% in 2022, then slumped by 84 bps to 1.4% in 2023, then plunged by 48 bps to 0.72% in 2024, then surged by 99 bps to 1.44% in 2025, then rose by 20 bps to 1.72% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 1.72%, 1.44%, and 1.83% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 18.16
2 Blackstone 92.68 Bn 91.63 Bn - 13.55
3 Kkr 84.94 Bn 132.45 Bn - 40.05
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 15.80
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 598.59
6 State Street 44.42 Bn 18.75 Bn - 21.16
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 20.02
8 Northern Trust 31.21 Bn 31.21 Bn - 24.99
9 Ares Management 28.85 Bn 32.22 Bn - 19.13
10 Carlyle Secured Lending 780.70 Mn 683.46 Mn - 1.72

Historic Data

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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
Sep 30, 2023 3.04
Sep 30, 2023 3.04
Jun 30, 2023 2.34
Jun 30, 2023 2.34
Mar 31, 2023 1.93
Mar 31, 2023 1.93
Dec 31, 2022 8.90
Dec 31, 2022 8.90
Sep 30, 2022 2.23
Sep 30, 2022 2.23
Jun 30, 2022 0.80
Jun 30, 2022 0.80
Mar 31, 2022 1.36
Mar 31, 2022 1.36
Dec 31, 2021 2.62
Dec 31, 2021 2.62
Sep 30, 2021 1.11
Sep 30, 2021 1.11