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| Date | Value |
|---|---|
| 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 |