KPIs & Operating Metrics(New)

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

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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 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