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