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| Date | Value |
|---|---|
| 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% |