Goldman Sachs BDC (GSBD) Income from Continuing Operations (2021 - 2025)
Goldman Sachs BDC's Income from Continuing Operations came in at $108.83 million for Q3 2025, down 27.1% from $149.3 million a year earlier and down 0.2% from the prior quarter.
Powered by 
Analysis
Goldman Sachs BDC (GSBD) Income from Continuing Operations (2021 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, Goldman Sachs BDC reported Income from Continuing Operations of $468.73 million, down 20.5% year-over-year; for FY2024, it was $573.21 million, down 3.0% from FY2023.
- Income from Continuing Operations carries a four-year compound annual growth rate of 23.9% (FY2020 to FY2024).
- Going back by year, Income from Continuing Operations was $590.85 million in FY2023 (+16.6%), $506.56 million in FY2022 (-3.6%), $525.37 million in FY2021 (+116.2%) and $242.96 million in FY2020.
- The Q3 2025 figure represents the lowest quarterly Income from Continuing Operations in data going back to Q3 2021.
- Year-over-year, Income from Continuing Operations has declined for six consecutive quarters, with an average decline of 10.0% over the last eight quarters.
- The fastest year-over-year change in Income from Continuing Operations over five years came in Q2 2023 (growth of 34.2%), and the weakest in Q3 2025 (a decline of 27.1%).
- Business Quant data shows GSBD's Income from Continuing Operations at $109.01 million (Q2 2025), $118.25 million (Q1 2025) and $132.65 million (Q4 2024) in the three quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Income (Continuing) (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 229.00 Mn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 1.76 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 81.49 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 3.98 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.62 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 885.00 Mn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 237.56 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 827.77 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Goldman Sachs BDC | 1.02 Bn | 1.02 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 108.83 Mn |
| Jun 30, 2025 | 109.01 Mn |
| Mar 31, 2025 | 118.25 Mn |
| Dec 31, 2024 | 132.65 Mn |
| Sep 30, 2024 | 149.30 Mn |
| Jun 30, 2024 | 146.47 Mn |
| Mar 31, 2024 | 144.79 Mn |
| Dec 31, 2023 | 149.09 Mn |
| Sep 30, 2023 | 164.83 Mn |
| Jun 30, 2023 | 148.81 Mn |
| Mar 31, 2023 | 128.13 Mn |
| Dec 31, 2022 | 148.46 Mn |
| Sep 30, 2022 | 134.43 Mn |
| Jun 30, 2022 | 110.89 Mn |
| Mar 31, 2022 | 112.79 Mn |
| Dec 31, 2021 | 126.01 Mn |
| Sep 30, 2021 | 146.57 Mn |
API Access
Goldman Sachs BDC Income from Continuing Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-from-continuing-operations&ticker=GSBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-continuing-operations", "ticker": "GSBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-from-continuing-operations&ticker=GSBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();