Golub Capital Bdc (GBDC) Operating Income (2021 - 2026)
Golub Capital Bdc (GBDC) posted Operating Income of $85.5 million for Q1 2026, down 10.66% sequentially from $95.8 million in Q4 2025, and down 13.29% YoY from $98.7 million in Q1 2025.
Golub Capital Bdc (GBDC) Operating Income (2021 - 2026) Analysis & Trends
Golub Capital Bdc has reported Operating Income for 6 years, with the latest figure at $85.5 million in Q1 2026.
- Quarterly Operating Income fell 13.29% year-over-year to $85.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $382.9 million (down 5.97% YoY) and the FY2025 annual result came in at $396.8 million, up 3.43% from the prior year.
- Operating Income slipped to $85.5 million in Q1 2026 per GBDC's latest filing, from $95.8 million in the prior quarter.
- Over five years, Operating Income peaked at $119.6 million in Q3 2024 and troughed at $43.4 million in Q1 2022.
- A 5-year average of $82.8 million and a median of $87.1 million in 2024 frame the typical range for Operating Income.
- The sharpest annual moves came in 2023 and 2025: Operating Income jumped 61.62% in 2023, then slipped 16.18% in 2025.
- Over 5 years, Operating Income stood at $63.9 million in 2022, then jumped by 30.8% to $83.5 million in 2023, then gained by 15.06% to $96.1 million in 2024, then decreased by 0.37% to $95.8 million in 2025, then slipped by 10.66% to $85.5 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $85.5 million, $95.8 million, and $100.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 2.46 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | - |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 2.04 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | - |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 5.35 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 1.22 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | - |
| 10 | Golub Capital Bdc | 3.44 Bn | 3.40 Bn | - | 85.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 85.22 Mn |
| Mar 31, 2026 | 85.55 Mn |
| Dec 31, 2025 | 95.76 Mn |
| Sep 30, 2025 | 100.29 Mn |
| Jun 30, 2025 | 101.26 Mn |
| Mar 31, 2025 | 98.66 Mn |
| Dec 31, 2024 | 96.12 Mn |
| Sep 30, 2024 | 119.65 Mn |
| Jun 30, 2024 | 92.72 Mn |
| Mar 31, 2024 | 87.10 Mn |
| Dec 31, 2023 | 83.54 Mn |
| Sep 30, 2023 | 87.12 Mn |
| Jun 30, 2023 | 73.78 Mn |
| Mar 31, 2023 | 70.21 Mn |
| Dec 31, 2022 | 63.86 Mn |
| Sep 30, 2022 | 54.03 Mn |
| Jun 30, 2022 | 53.93 Mn |
| Mar 31, 2022 | 43.44 Mn |
| Dec 31, 2021 | 44.79 Mn |