Palmer Square Capital BDC (PSBD) Incentive Fees (2024 - 2026)
Palmer Square Capital BDC (PSBD) recorded Incentive Fees of $1.72 million in Q2 2026, down 11.4% from $1.94 million a year earlier but up 9.1% from the prior quarter.
Powered by 
Analysis
Palmer Square Capital BDC (PSBD) Incentive Fees (2024 - 2026) Analysis & Trends
On a TTM basis, Palmer Square Capital BDC's Incentive Fees came in at $7.11 million as of Jun 30, 2026, down 12.8% year-over-year; for FY2025, it was $7.6 million, down 11.1% from FY2024.
- Across earlier years, Incentive Fees came in at $8.55 million in FY2024.
- Quarterly Incentive Fees has ranged from $1.58 million in Q1 2026 to $2.25 million in Q2 2024 over the past five years.
- On a year-over-year basis, Incentive Fees has declined for six consecutive quarters, with an average decline of 11.6% over the last six quarters.
- Per Business Quant, the preceding three quarters came in at $1.58 million (Q1 2026), $1.87 million (Q4 2025) and $1.95 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Incentive Fees (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | - |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | - |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | - |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | - |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | - |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | - |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | - |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | 82.00 Mn |
| 10 | Palmer Square Capital BDC | 299.93 Mn | 290.89 Mn | - | 1.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.66 Mn |
| Jun 30, 2026 | 1.72 Mn |
| Mar 31, 2026 | 1.58 Mn |
| Dec 31, 2025 | 1.87 Mn |
| Sep 30, 2025 | 1.95 Mn |
| Jun 30, 2025 | 1.94 Mn |
| Mar 31, 2025 | 1.84 Mn |
| Dec 31, 2024 | 2.15 Mn |
| Sep 30, 2024 | 2.23 Mn |
| Jun 30, 2024 | 2.25 Mn |
| Mar 31, 2024 | 1.92 Mn |
API Access
Palmer Square Capital BDC Incentive Fees 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=incentive-fees&ticker=PSBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "incentive-fees", "ticker": "PSBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=incentive-fees&ticker=PSBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();