BlackRock TCP Capital (TCPC) Operating Expenses (2021 - 2026)

BlackRock TCP Capital (TCPC) posted Operating Expenses of $24.1 million for Q1 2026, up 5.02% on a QoQ basis from $23.0 million in Q4 2025, and up 1.77% year-over-year from $23.7 million in Q1 2025.

BlackRock TCP Capital (TCPC) Operating Expenses (2021 - 2026) Analysis & Trends

BlackRock TCP Capital's Operating Expenses history runs 6 years deep, the most recent figure standing at $24.1 million for Q1 2026.

  • Quarterly Operating Expenses rose 1.77% year-over-year to $24.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $94.2 million (down 23.68% YoY) and the FY2025 annual result came in at $99.2 million, down 21.95% from the prior year.
  • Operating Expenses was $24.1 million for Q1 2026 at BlackRock TCP Capital, up from $23.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $37.1 million in Q3 2024 and bottomed at $22.4 million in Q1 2022.
  • A 5-year average of $25.9 million and a median of $24.1 million in 2026 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses jumped 43.19% — and 2025, when it slumped 37.3%.
  • BlackRock TCP Capital's Operating Expenses stood at $23.7 million in 2022, then climbed by 7.28% to $25.4 million in 2023, then climbed by 6.08% to $26.9 million in 2024, then fell by 14.77% to $23.0 million in 2025, then increased by 5.02% to $24.1 million in 2026.
  • Business Quant data shows TCPC's Operating Expenses at $24.1 million in Q1 2026, $23.0 million in Q4 2025, and $23.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 BlackRock TCP Capital 263.97 Mn 170.71 Mn - 24.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 24.11 Mn
Dec 31, 2025 22.95 Mn
Sep 30, 2025 23.23 Mn
Jun 30, 2025 23.87 Mn
Mar 31, 2025 23.69 Mn
Dec 31, 2024 26.93 Mn
Sep 30, 2024 37.05 Mn
Jun 30, 2024 35.70 Mn
Mar 31, 2024 27.47 Mn
Dec 31, 2023 25.39 Mn
Sep 30, 2023 25.88 Mn
Jun 30, 2023 26.36 Mn
Mar 31, 2023 24.90 Mn
Dec 31, 2022 23.67 Mn
Sep 30, 2022 23.81 Mn
Jun 30, 2022 22.69 Mn
Mar 31, 2022 22.40 Mn
Dec 31, 2021 21.94 Mn
Sep 30, 2021 24.02 Mn