Palmer Square Capital BDC (PSBD) Operating Margin (2023 - 2026)
Palmer Square Capital BDC's (PSBD) quarterly Operating Margin came in at 42.1% in Q1 2026, up 73.0% YoY from 24.33% in Q1 2025, and down 3.94% on a QoQ basis from 43.82% in Q4 2025.
Palmer Square Capital BDC (PSBD) Operating Margin (2023 - 2026) Analysis & Trends
Palmer Square Capital BDC (PSBD) has 4 years of Operating Margin data on file, last reported at 42.1% in Q1 2026.
- Quarterly Operating Margin rose 73.0% year-over-year to 42.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 43.21% (up 91.0% YoY) and the FY2025 annual result came in at 42.98%, down 64.0% from the prior year.
- Operating Margin declined to 42.1% in Q1 2026, from 43.82% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 51.91% in Q1 2023 to a low of 41.37% in Q1 2025.
- A 4-year average of 45.8% and a median of 43.7% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin sank 929 bps — and 2025, when it jumped 140 bps.
- Tracing PSBD's Operating Margin over 4 years: stood at 51.61% in 2023, then decreased by 18 bps to 42.43% in 2024, then gained by 3 bps to 43.82% in 2025, then dropped by 4 bps to 42.1% in 2026.
- The last three Operating Margin figures came in at 42.1% (Q1 2026), 43.82% (Q4 2025), and 43.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 34.74% |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | - |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 35.61% |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | - |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 47.97% |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 24.36% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | - |
| 10 | Palmer Square Capital BDC | 318.07 Mn | 318.07 Mn | - | 44.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.11% |
| Mar 31, 2026 | 42.10% |
| Dec 31, 2025 | 43.82% |
| Sep 30, 2025 | 43.05% |
| Jun 30, 2025 | 43.70% |
| Mar 31, 2025 | 41.37% |
| Dec 31, 2024 | 42.43% |
| Sep 30, 2024 | 42.16% |
| Jun 30, 2024 | 43.11% |
| Mar 31, 2024 | 46.91% |
| Dec 31, 2023 | 51.61% |
| Sep 30, 2023 | 51.45% |
| Jun 30, 2023 | 51.75% |
| Mar 31, 2023 | 51.91% |