Goldman Sachs BDC (GSBD) Operating Expenses (2021 - 2026)
Goldman Sachs BDC (GSBD) reported Operating Expenses of $53.0 million for Q1 2026, up 15.26% year-on-year from $46.0 million in Q1 2025, and up 23.37% quarter-over-quarter from $43.0 million in Q4 2025.
Goldman Sachs BDC (GSBD) has 6 years of Operating Expenses data on file, last reported at $53.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 15.26% year-over-year to $53.0 million; the trailing twelve-month figure through Mar 2026 stood at $187.0 million (up 8.14% YoY), and the FY2025 full-year result was $180.0 million, up 1.96% from the prior year.
- Operating Expenses for Q1 2026 stood at $53.0 million, up from $43.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $60.6 million in Q1 2023 and bottomed at $27.0 million in Q2 2022.
- A 5-year average of $44.0 million and a median of $45.6 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 2417.92% in 2022 and slipped 18.18% in 2024, its largest moves.
- Tracing GSBD's Operating Expenses over 5 years: stood at $48.6 million in 2022, then gained by 2.62% to $49.9 million in 2023, then dropped by 8.29% to $45.8 million in 2024, then declined by 6.07% to $43.0 million in 2025, then increased by 23.37% to $53.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $53.0 million, $43.0 million, and $45.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Goldman Sachs BDC | - | - | - | 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 | 49.89 Mn |
| Sep 30, 2023 | 45.60 Mn |
| Jun 30, 2023 | 46.70 Mn |
| Mar 31, 2023 | 60.63 Mn |
| Dec 31, 2022 | 48.62 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 | 32.05 Mn |