Golub Capital Bdc (GBDC) Base Management Fees (2009 - 2026)
Golub Capital Bdc's Base Management Fees was $20.72 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 6.2% from $22.08 million a year earlier and down 1.5% from the prior quarter.
Golub Capital Bdc (GBDC) Base Management Fees (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Golub Capital Bdc's Base Management Fees was $86.38 million through Jun 30, 2026, up 0.5% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $87.89 million, up 40.6% from FY2024.
- Base Management Fees shows a five-year compound annual growth rate of 8.2% (FY2020 to FY2025).
- In earlier fiscal years, Base Management Fees was $62.51 million in FY2024 (-11.7%), $70.8 million in FY2023 (-4.1%), $73.87 million in FY2022 (+19.4%) and $61.86 million in FY2021 (+4.4%).
- The fiscal Q3 2026 figure marks the lowest quarterly Base Management Fees since fiscal Q4 2024.
- Compared with a year earlier, Base Management Fees was higher in six of the last eight quarters, with growth averaging 27.0%.
- The best year-over-year quarter for Base Management Fees over five years was fiscal Q2 2025 (growth of 58.9%); the worst was fiscal Q4 2023 (a decline of 27.3%).
- Per Business Quant data, GBDC's Base Management Fees in the three fiscal quarters before Q3 2026 was $21.04 million (Q2 2026), $22.12 million (Q1 2026) and $22.52 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Golub Capital Bdc | 3.26 Bn | 3.16 Bn | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.72 Mn |
| Mar 31, 2026 | 21.04 Mn |
| Dec 31, 2025 | 22.12 Mn |
| Sep 30, 2025 | 22.52 Mn |
| Jun 30, 2025 | 22.08 Mn |
| Mar 31, 2025 | 21.71 Mn |
| Dec 31, 2024 | 21.58 Mn |
| Sep 30, 2024 | 20.53 Mn |
| Jun 30, 2024 | 14.36 Mn |
| Mar 31, 2024 | 13.66 Mn |
| Dec 31, 2023 | 13.96 Mn |
| Sep 30, 2023 | 14.06 Mn |
| Jun 30, 2023 | 19.00 Mn |
| Mar 31, 2023 | 18.69 Mn |
| Dec 31, 2022 | 19.06 Mn |
| Sep 30, 2022 | 19.32 Mn |
| Jun 30, 2022 | 19.03 Mn |
| Mar 31, 2022 | 18.02 Mn |
| Dec 31, 2021 | 17.50 Mn |
| Sep 30, 2021 | 16.25 Mn |
Golub Capital Bdc Base Management Fees API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=base-management-fees&ticker=GBDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "base-management-fees", "ticker": "GBDC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=base-management-fees&ticker=GBDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();