Goldman Sachs BDC (GSBD) Operating Income (2021 - 2025)
Goldman Sachs BDC (GSBD) reported Operating Income of $46.22 million for Q3 2025, down 33.7% from $69.67 million a year earlier but up 1.9% from the prior quarter.
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Analysis
Goldman Sachs BDC (GSBD) Operating Income (2021 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Goldman Sachs BDC's Operating Income came in at $200.55 million, down 23.8% year-over-year; for FY2024, it was $257.85 million, up 2.3% from FY2023.
- Operating Income has a four-year compound annual growth rate of 23.4% (FY2020 to FY2024).
- By year, Operating Income came in at $252.08 million in FY2023 (+8.2%), $233.02 million in FY2022 (-2.4%), $238.66 million in FY2021 (+114.4%) and $111.33 million in FY2020.
- Five-year quarterly Operating Income spans a low of $45.36 million in Q2 2025 and a high of $74.45 million in Q3 2023.
- Year over year, Operating Income has now declined in each of the last five quarters, with an average decline of 9.7% over the last eight quarters.
- The high point for year-over-year Operating Income in five years was Q2 2023 (growth of 29.6%); the low point was Q3 2025 (a decline of 33.7%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $45.36 million (Q2 2025), $50.94 million (Q1 2025) and $58.04 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 840.19 Mn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 133.12 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 147.26 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 279.94 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 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 | 46.22 Mn |
| Jun 30, 2025 | 45.36 Mn |
| Mar 31, 2025 | 50.94 Mn |
| Dec 31, 2024 | 58.04 Mn |
| Sep 30, 2024 | 69.67 Mn |
| Jun 30, 2024 | 68.20 Mn |
| Mar 31, 2024 | 61.94 Mn |
| Dec 31, 2023 | 63.49 Mn |
| Sep 30, 2023 | 74.45 Mn |
| Jun 30, 2023 | 65.38 Mn |
| Mar 31, 2023 | 48.76 Mn |
| Dec 31, 2022 | 69.58 Mn |
| Sep 30, 2022 | 62.02 Mn |
| Jun 30, 2022 | 50.44 Mn |
| Mar 31, 2022 | 50.98 Mn |
| Dec 31, 2021 | 57.64 Mn |
| Sep 30, 2021 | 64.64 Mn |
API Access
Goldman Sachs BDC Operating Income 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=operating-income&ticker=GSBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=GSBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();