Golub Capital Bdc (GBDC) Operating Margin (2021 - 2026)
Golub Capital Bdc recorded quarterly Operating Margin of 45.47% in Q1 2026, down 1.7% quarter-over-quarter from 46.26% in Q4 2025, and down 66.0% year-over-year from 133.74% in Q1 2025.
Golub Capital Bdc's Operating Margin history runs 6 years deep, the most recent figure standing at 45.47% for Q1 2026.
- In Q1 2026, Operating Margin fell 66.0% year-over-year to 45.47%; the TTM figure through Mar 2026 stood at 46.11% (down 294.0% YoY), while the FY2025 annual figure was 45.57%, down 737.0% from the prior year.
- Operating Margin came in at 45.47% for Q1 2026 at Golub Capital Bdc, down from 46.26% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 56.39% in Q2 2022 to a low of 43.55% in Q4 2024.
- A 5-year average of 48.91% and a median of 47.68% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 871 bps in 2023 and soared 653 bps in 2024, its largest moves.
- Golub Capital Bdc's Operating Margin stood at 46.66% in 2022, then advanced by 9 bps to 51.0% in 2023, then fell by 15 bps to 43.55% in 2024, then increased by 6 bps to 46.26% in 2025, then dropped by 2 bps to 45.47% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 45.47%, 46.26%, and 46.26% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 42.01% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 46.06% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.56% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.44% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | - |
| 10 | Golub Capital Bdc | 3.52 Bn | 3.49 Bn | - | 45.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.47% |
| Dec 31, 2025 | 46.26% |
| Sep 30, 2025 | 46.26% |
| Jun 30, 2025 | 46.38% |
| Mar 31, 2025 | 46.13% |
| Dec 31, 2024 | 43.55% |
| Sep 30, 2024 | 53.32% |
| Jun 30, 2024 | 54.21% |
| Mar 31, 2024 | 53.04% |
| Dec 31, 2023 | 51.00% |
| Sep 30, 2023 | 51.47% |
| Jun 30, 2023 | 47.68% |
| Mar 31, 2023 | 47.93% |
| Dec 31, 2022 | 46.66% |
| Sep 30, 2022 | 45.16% |
| Jun 30, 2022 | 56.39% |
| Mar 31, 2022 | 50.53% |
| Dec 31, 2021 | 51.74% |