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

Golub Capital Bdc has disclosed Operating Margin across 6 years of filings, most recently posting 45.39% for Q2 2026.

• In Q2 2026, Operating Margin fell 98.0% year-over-year to 45.39%; the TTM figure through Jun 2026 stood at 45.87% (down 151.0% YoY), while the FY2025 annual figure was 45.57%, down 737.0% from the prior year.
• Operating Margin came in at 45.39% for Q2 2026 at Golub Capital Bdc, roughly flat from 45.47% 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.
• Average Operating Margin over 5 years is 48.71%, with a median of 47.17% recorded in 2022.
• Year-over-year, Operating Margin plunged 871 bps in 2023 and soared 653 bps in 2024.
• Over 5 years, Operating Margin stood at 46.66% in 2022, then gained by 9 bps to 51.0% in 2023, then declined by 15 bps to 43.55% in 2024, then grew by 6 bps to 46.26% in 2025, then retreated by 2 bps to 45.39% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 45.39% in Q2 2026, 45.47% in Q1 2026, and 46.26% in Q4 2025.