Golub Capital Bdc GBDC
NASDAQ GBDC
$12.68 -0.15 (-1.17%)
As of: Sep 10, 2026 · 3:59 PM EDT

Golub Capital Bdc (GBDC) Operating Expenses (2021 - 2026)

Golub Capital Bdc's (GBDC) quarterly Operating Expenses came in at $102.5 million in Q2 2026, down 12.44% year-over-year from $117.1 million in Q2 2025, and little changed quarter-over-quarter from $102.6 million in Q1 2026.

Analysis

Golub Capital Bdc (GBDC) Operating Expenses (2021 - 2026) Analysis & Trends

Golub Capital Bdc has disclosed Operating Expenses across 6 years of filings, most recently posting $102.5 million for Q2 2026.

  • In Q2 2026, Operating Expenses fell 12.44% year-over-year to $102.5 million; the TTM figure through Jun 2026 stood at $433.4 million (down 7.67% YoY), while the FY2025 annual figure was $474.0 million, up 28.67% from the prior year.
  • Operating Expenses came in at $102.5 million for Q2 2026 at Golub Capital Bdc, roughly flat from $102.6 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.
  • Average Operating Expenses over 5 years is $90.0 million, with a median of $87.6 million recorded in 2024.
  • Year-over-year, Operating Expenses surged 94.11% in 2023 and fell 12.44% in 2026.
  • Over 5 years, Operating Expenses stood at $73.0 million in 2022, then rose by 10.57% to $80.7 million in 2023, then soared by 54.31% to $124.6 million in 2024, then decreased by 10.7% to $111.2 million in 2025, then dropped by 7.85% to $102.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $102.5 million in Q2 2026, $102.6 million in Q1 2026, and $111.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ares Capital 14.12 Bn 13.74 Bn - 401.00 Mn
2 Blackstone Secured Lending Fund 5.63 Bn 5.37 Bn - 142.27 Mn
3 Blue Owl Capital 5.49 Bn 5.25 Bn - 224.46 Mn
4 Main Street Capital 5.20 Bn 5.15 Bn - 55.78 Mn
5 Blue Owl Technology Finance 4.94 Bn 4.73 Bn - 198.97 Mn
6 Hercules Capital 4.66 Bn 4.61 Bn - 61.10 Mn
7 FS KKR Capital 3.33 Bn 3.22 Bn - 179.00 Mn
8 Golub Capital Bdc 3.31 Bn 3.26 Bn - 102.51 Mn
9 PennantPark Floating Rate Capital 2.49 Bn -118.08 Mn - 40.19 Mn
10 MidCap Financial Investment 2.07 Bn 2.03 Bn - 35.52 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 102.51 Mn
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 112.53 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 44.43 Mn
Dec 31, 2021 41.78 Mn