Golub Capital Bdc (GBDC) Net Margin (2009 - 2026)
Golub Capital Bdc's Net Margin was 30.37% in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 10.88 percentage points from 41.25% a year earlier but up 55.24 percentage points from the prior quarter.
Golub Capital Bdc (GBDC) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Golub Capital Bdc's Net Margin was 21.45% through Jun 30, 2026, down 21.36 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 43.25%, up 5.47 percentage points from FY2024.
- Net Margin shows a five-year change of +24.90 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Net Margin was 37.78% in FY2024 (-5.10 pp), 42.88% in FY2023 (+3.32 pp), 39.57% in FY2022 (-71.23 pp) and 110.80% in FY2021 (+92.44 pp).
- Quarterly Net Margin has moved between -24.87% (fiscal Q2 2026) and 77.79% (fiscal Q2 2022) over five years.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of -11.11 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was fiscal Q4 2023 (a gain of 54.97 percentage points); the worst was fiscal Q2 2026 (a drop of 61.80 percentage points).
- Per Business Quant data, GBDC's Net Margin in the three fiscal quarters before Q3 2026 was -24.87% (Q2 2026), 31.52% (Q1 2026) and 44.20% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 20.96% |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 21.59% |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 25.03% |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 12.38% |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 17.58% |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 13.01% |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 48.93% |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 41.81% |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | -121.54% |
| 10 | Golub Capital Bdc | 3.26 Bn | 3.16 Bn | - | 30.37% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.37% |
| Mar 31, 2026 | -24.87% |
| Dec 31, 2025 | 31.52% |
| Sep 30, 2025 | 44.20% |
| Jun 30, 2025 | 41.25% |
| Mar 31, 2025 | 36.93% |
| Dec 31, 2024 | 50.44% |
| Sep 30, 2024 | 42.42% |
| Jun 30, 2024 | 5.40% |
| Mar 31, 2024 | 56.97% |
| Dec 31, 2023 | 45.99% |
| Sep 30, 2023 | 61.73% |
| Jun 30, 2023 | 47.17% |
| Mar 31, 2023 | 39.81% |
| Dec 31, 2022 | 18.69% |
| Sep 30, 2022 | 6.76% |
| Jun 30, 2022 | 16.11% |
| Mar 31, 2022 | 77.79% |
| Dec 31, 2021 | 72.87% |
| Sep 30, 2021 | 88.32% |
Golub Capital Bdc Net Margin 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=net-margin&ticker=GBDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=GBDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();