BlackRock TCP Capital (TCPC) Payout Ratio (2021 - 2026)
BlackRock TCP Capital's (TCPC) quarterly Payout Ratio came in at 0.33 in Q2 2026, down 16.97% on a YoY basis from 0.4 in Q2 2025, and up 3.86% quarter-over-quarter from 0.32 in Q1 2026.
Analysis
BlackRock TCP Capital (TCPC) Payout Ratio (2021 - 2026) Analysis & Trends
BlackRock TCP Capital (TCPC) has reported Payout Ratio for 6 consecutive years, with 0.33 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payout Ratio fell 16.97% year-over-year to 0.33; the trailing twelve-month figure through Jun 2026 stood at 0.37 (down 5.88% YoY), and the FY2025 full-year result was 0.39, up 1.08% from the prior year.
- Payout Ratio climbed to 0.33 in Q2 2026 per TCPC's latest filing, from 0.32 in the prior quarter.
- Across five years, Payout Ratio topped out at 0.72 in Q2 2024 and bottomed at 0.13 in Q1 2024.
- Historically, Payout Ratio has averaged 0.38 across 5 years, with a median of 0.34 in 2023.
- The sharpest annual moves came in 2024 and 2025: Payout Ratio tumbled 62.13% in 2024, then surged 175.45% in 2025.
- Over 5 years, Payout Ratio stood at 0.31 in 2022, then soared by 107.53% to 0.65 in 2023, then retreated by 25.43% to 0.48 in 2024, then dropped by 14.96% to 0.41 in 2025, then decreased by 19.55% to 0.33 in 2026.
- According to Business Quant data, Payout Ratio over the past three periods registered 0.33, 0.32, and 0.41 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - |
| 10 | BlackRock TCP Capital | 341.48 Mn | 183.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.33 |
| Mar 31, 2026 | 0.32 |
| Dec 31, 2025 | 0.41 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.40 |
| Mar 31, 2025 | 0.35 |
| Dec 31, 2024 | 0.48 |
| Sep 30, 2024 | 0.35 |
| Jun 30, 2024 | 0.72 |
| Mar 31, 2024 | 0.13 |
| Dec 31, 2023 | 0.65 |
| Sep 30, 2023 | 0.44 |
| Jun 30, 2023 | 0.28 |
| Mar 31, 2023 | 0.33 |
| Dec 31, 2022 | 0.31 |
| Sep 30, 2022 | 0.28 |
| Jun 30, 2022 | 0.31 |
| Mar 31, 2022 | 0.33 |
| Dec 31, 2021 | 0.36 |