Goldman Sachs BDC (GSBD) Tax Rate (2021 - 2026)

Goldman Sachs BDC (GSBD) recorded quarterly Tax Rate of 1.32% in Q1 2026, up 48.47% on a QoQ basis from 0.89% in Q4 2025, and up 21.0% year-over-year from 1.09% in Q1 2025.

Goldman Sachs BDC (GSBD) Tax Rate (2021 - 2026) Analysis & Trends

Goldman Sachs BDC has disclosed Tax Rate across 6 years of filings, most recently posting 1.32% for Q1 2026.

  • Quarterly Tax Rate rose 21.0% year-over-year to 1.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.94% (down 6.0% YoY) and the FY2025 annual result came in at 0.92%, changed 0.0% from the prior year.
  • Tax Rate climbed to 1.32% in Q1 2026, from 0.89% in the prior quarter.
  • Over five years, Tax Rate peaked at 1.34% in Q4 2022 and troughed at 0.59% in Q2 2023.
  • A 5-year average of 0.9% and a median of 0.84% in 2024 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2022 — Tax Rate surged 106 bps — and 2023, when it slipped 22 bps.
  • Tracing GSBD's Tax Rate over 5 years: stood at 1.34% in 2022, then decreased by 17 bps to 1.12% in 2023, then retreated by 4 bps to 1.08% in 2024, then retreated by 18 bps to 0.89% in 2025, then surged by 48 bps to 1.32% in 2026.
  • Business Quant data shows GSBD's Tax Rate at 1.32% in Q1 2026, 0.89% in Q4 2025, and 0.83% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 18.16
2 Blackstone 96.85 Bn 95.80 Bn - 13.55
3 Kkr 86.45 Bn 133.96 Bn - 40.05
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 598.59
5 State Street 46.95 Bn 21.27 Bn - 21.16
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 20.02
7 Northern Trust 31.92 Bn 31.92 Bn - 24.99
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - 19.13
10 Goldman Sachs BDC - - - 1.32

Historic Data

Download Data
DateValue
Mar 31, 2026 1.32%
Mar 31, 2026 1.32%
Dec 31, 2025 0.89%
Dec 31, 2025 0.89%
Sep 30, 2025 0.83%
Sep 30, 2025 0.83%
Jun 30, 2025 0.83%
Jun 30, 2025 0.83%
Mar 31, 2025 1.11%
Mar 31, 2025 1.11%
Dec 31, 2024 1.08%
Dec 31, 2024 1.08%
Sep 30, 2024 0.99%
Sep 30, 2024 0.99%
Jun 30, 2024 0.84%
Jun 30, 2024 0.84%
Mar 31, 2024 0.74%
Mar 31, 2024 0.74%
Dec 31, 2023 1.12%
Dec 31, 2023 1.12%