Golub Capital Bdc (GBDC) Operating Expenses (2021 - 2026)
Golub Capital Bdc recorded quarterly Operating Expenses of $102.6 million in Q1 2026, down 7.79% quarter-over-quarter from $111.2 million in Q4 2025, and down 10.97% year-over-year from $115.2 million in Q1 2025.
Golub Capital Bdc's Operating Expenses history runs 6 years deep, the most recent figure standing at $102.6 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 10.97% year-over-year to $102.6 million; the TTM figure through Mar 2026 stood at $448.0 million (up 7.22% YoY), while the FY2025 annual figure was $474.0 million, up 38.98% from the prior year.
- Operating Expenses came in at $102.6 million for Q1 2026 at Golub Capital Bdc, down from $111.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $124.6 million in Q4 2024 to a low of $41.7 million in Q2 2022.
- A 5-year average of $87.6 million and a median of $82.3 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 94.11% in 2023 and dropped 10.97% in 2026, its largest moves.
- Golub Capital Bdc's Operating Expenses stood at $73.0 million in 2022, then gained by 10.57% to $80.7 million in 2023, then jumped by 54.31% to $124.6 million in 2024, then slipped by 10.7% to $111.2 million in 2025, then retreated by 7.79% to $102.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $102.6 million, $111.2 million, and $117.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Golub Capital Bdc | 3.52 Bn | 3.49 Bn | - | 102.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 102.59 Mn |
| Dec 31, 2025 | 111.25 Mn |
| Sep 30, 2025 | 117.08 Mn |
| Jun 30, 2025 | 117.08 Mn |
| Mar 31, 2025 | 115.23 Mn |
| Dec 31, 2024 | 124.59 Mn |
| Sep 30, 2024 | 85.20 Mn |
| Jun 30, 2024 | 92.82 Mn |
| Mar 31, 2024 | 82.28 Mn |
| Dec 31, 2023 | 80.74 Mn |
| Sep 30, 2023 | 79.85 Mn |
| Jun 30, 2023 | 80.94 Mn |
| Mar 31, 2023 | 76.52 Mn |
| Dec 31, 2022 | 73.01 Mn |
| Sep 30, 2022 | 65.62 Mn |
| Jun 30, 2022 | 41.70 Mn |
| Mar 31, 2022 | 42.52 Mn |
| Dec 31, 2021 | 41.78 Mn |