Goldman Sachs BDC (GSBD) Operating Income (2021 - 2026)
Goldman Sachs BDC (GSBD) posted Operating Income of $24.8 million for Q1 2026, down 42.47% on a QoQ basis from $43.1 million in Q4 2025, and down 51.34% year-over-year from $50.9 million in Q1 2025.
Goldman Sachs BDC (GSBD) Operating Income (2021 - 2026) Analysis & Trends
Goldman Sachs BDC's Operating Income history runs 6 years deep, the most recent figure standing at $24.8 million for Q1 2026.
- Quarterly Operating Income fell 51.34% year-over-year to $24.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $158.5 million (down 35.39% YoY) and the FY2025 annual result came in at $185.6 million, down 26.51% from the prior year.
- Operating Income was $24.8 million for Q1 2026 at Goldman Sachs BDC, down from $43.1 million in the prior quarter.
- Across five years, Operating Income topped out at $74.5 million in Q3 2023 and bottomed at $24.8 million in Q1 2026.
- A 5-year average of $55.7 million and a median of $56.6 million in 2024 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2023 — Operating Income increased 27.87% — and 2026, when it sank 51.34%.
- Goldman Sachs BDC's Operating Income stood at $69.6 million in 2022, then declined by 11.17% to $61.8 million in 2023, then declined by 8.5% to $56.6 million in 2024, then decreased by 23.82% to $43.1 million in 2025, then tumbled by 42.47% to $24.8 million in 2026.
- Business Quant data shows GSBD's Operating Income at $24.8 million in Q1 2026, $43.1 million in Q4 2025, and $46.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 32.70 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 2.81 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 54.00 Mn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 901.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 680.50 Mn |
| 10 | Goldman Sachs BDC | 969.22 Mn | 969.22 Mn | - | 24.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.79 Mn |
| Dec 31, 2025 | 43.08 Mn |
| Sep 30, 2025 | 46.22 Mn |
| Jun 30, 2025 | 44.45 Mn |
| Mar 31, 2025 | 50.94 Mn |
| Dec 31, 2024 | 56.55 Mn |
| Sep 30, 2024 | 69.67 Mn |
| Jun 30, 2024 | 68.20 Mn |
| Mar 31, 2024 | 60.86 Mn |
| Dec 31, 2023 | 61.80 Mn |
| Sep 30, 2023 | 74.45 Mn |
| Jun 30, 2023 | 64.50 Mn |
| Mar 31, 2023 | 47.99 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 | 56.36 Mn |
| Sep 30, 2021 | 64.33 Mn |