Goldman Sachs BDC (GSBD) Operating Expenses (2021 - 2026)

Goldman Sachs BDC (GSBD) posted Operating Expenses of $53.0 million for Q1 2026, up 23.37% on a QoQ basis from $43.0 million in Q4 2025, and up 15.26% year-over-year from $46.0 million in Q1 2025.

Goldman Sachs BDC (GSBD) Operating Expenses (2021 - 2026) Analysis & Trends

Goldman Sachs BDC's Operating Expenses history runs 6 years deep, the most recent figure standing at $53.0 million for Q1 2026.

  • Quarterly Operating Expenses rose 15.26% year-over-year to $53.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $187.0 million (up 8.14% YoY) and the FY2025 annual result came in at $180.0 million, up 1.96% from the prior year.
  • Operating Expenses was $53.0 million for Q1 2026 at Goldman Sachs BDC, up from $43.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $58.6 million in Q1 2023 and bottomed at $25.2 million in Q4 2022.
  • A 5-year average of $42.7 million and a median of $45.6 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 1203.63% — and 2024, when it retreated 15.41%.
  • Goldman Sachs BDC's Operating Expenses stood at $25.2 million in 2022, then jumped by 106.09% to $51.9 million in 2023, then decreased by 11.8% to $45.8 million in 2024, then dropped by 6.07% to $43.0 million in 2025, then grew by 23.37% to $53.0 million in 2026.
  • Business Quant data shows GSBD's Operating Expenses at $53.0 million in Q1 2026, $43.0 million in Q4 2025, and $45.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Goldman Sachs BDC 969.22 Mn 969.22 Mn - 53.03 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 53.03 Mn
Dec 31, 2025 42.98 Mn
Sep 30, 2025 45.38 Mn
Jun 30, 2025 45.61 Mn
Mar 31, 2025 46.00 Mn
Dec 31, 2024 45.76 Mn
Sep 30, 2024 40.74 Mn
Jun 30, 2024 40.42 Mn
Mar 31, 2024 49.61 Mn
Dec 31, 2023 51.88 Mn
Sep 30, 2023 45.60 Mn
Jun 30, 2023 46.70 Mn
Mar 31, 2023 58.64 Mn
Dec 31, 2022 25.17 Mn
Sep 30, 2022 33.20 Mn
Jun 30, 2022 27.01 Mn
Mar 31, 2022 27.32 Mn
Dec 31, 2021 1.93 Mn
Sep 30, 2021 33.49 Mn