Golub Capital BDC, Inc. (GBDC) Earnings History
Elite Compounder17 years of earnings data (2009–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Golub Capital BDC, Inc. (GBDC) Earnings Overview
As of June 21, 2026, Golub Capital BDC, Inc. (GBDC) reported trailing twelve-month net income of $205M, reflecting +4.4% year-over-year growth. The company earned $0.78 per diluted share over the past four quarters, with a net profit margin of 43.2%.
Looking at the long-term picture, GBDC's 5-year EPS compound annual growth rate (CAGR) stands at +30.9%, indicating exceptional earnings growth. The company achieved its highest annual net income of $376M in fiscal 2025, representing a new all-time high.
Golub Capital BDC, Inc. maintains industry-leading profitability with a gross margin of 81.5%, operating margin of 78.9%, and net margin of 43.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ARCC ($1.15B net income, 41.3% margin), FSCO (N/A net income, 72.6% margin), TPVG (-$12M net income, 50.6% margin), GBDC has outperformed on profitability metrics. Compare GBDC vs ARCC →
GBDC Earnings vs Peers
Earnings metrics vs comparable public companies
GBDC Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $376M | +37.4% | $687M | $1.42 | 43.2% | 78.9% |
| 2024 | $274M | +0.6% | $482M | $1.36 | 44.8% | 78.9% |
| 2023 | $272M | +74.9% | $426M | $1.52 | 47.5% | 74.4% |
| 2022 | $156M | -54.3% | $244M | $0.90 | 44.9% | 70.5% |
| 2021 | $340M | +520.1% | $341M | $2.03 | 82.0% | 82.1% |
| 2020 | $55M | +395.3% | $55M | $0.37 | 38.7% | 38.7% |
| 2019 | -$19M | -122.7% | -$19M | $-0.28 | -60.2% | -60.2% |
| 2018 | $82M | -0.4% | $82M | $1.33 | 67.9% | 67.9% |
| 2017 | $82M | +18.9% | $82M | $1.45 | 69.1% | 69.1% |
| 2016 | $69M | -2.2% | $93M | $1.33 | 54.1% | 72.8% |
| 2015 | $71M | +8.3% | $71M | $1.44 | 69.9% | 69.9% |
| 2014 | $65M | +40.6% | $65M | $1.44 | 71.7% | 71.7% |
| 2013 | $47M | +46.5% | $47M | $1.35 | 72.3% | 72.3% |
| 2012 | $32M | +48.8% | $32M | $1.31 | 67.5% | 67.5% |
| 2011 | $21M | -18.7% | $23M | $1.03 | 54.5% | 58.3% |
| 2010 | $26M | +31.1% | $23M | $1.40 | 79.2% | 70.5% |
| 2009 | $20M | - | $25M | $1.09 | 60.0% | 76.4% |
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GBDC — Frequently Asked Questions
Quick answers to the most common questions about buying GBDC stock.
What is GBDC earnings per share (EPS)?
GBDC trailing twelve-month (TTM) diluted EPS is $0.78, reflecting +4.4% year-over-year growth. The 5-year EPS CAGR is +30.9%. Complete EPS history from 2009 to 2025 is available in the table on this page.
What is Golub Capital BDC, Inc.'s net income?
Golub Capital BDC, Inc. (GBDC) trailing twelve-month net income is $205M as of 2025. Earnings grew +4.4% year-over-year. Golub Capital BDC, Inc. has been profitable for 6 consecutive years.
Is GBDC profitable?
Yes, GBDC is profitable with a TTM net income of $205M and a net profit margin of +43.2%. Golub Capital BDC, Inc. has generated profits for 6 consecutive years.
What is GBDC's earnings growth rate?
GBDC compound annual EPS growth rates (CAGR): 1-Year: +4.4%, 3-Year: +16.4%, 5-Year: +30.9%, 10-Year: -0.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2009 to 2025.
What are GBDC's profit margins?
Golub Capital BDC, Inc. net profit margin is +43.2%, operating margin is +78.9%, and gross margin is +81.5%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +9.4%.
Is GBDC growing earnings?
GBDC earnings growth is slowing. Current YoY EPS growth of +4.4% trails the 5-year CAGR of +30.9%. TTM net income is $205M.
What was GBDC's best earnings year?
Golub Capital BDC, Inc.'s highest annual net income on record is $376M, achieved in fiscal year 2025. Earnings history on this page spans 2009 to 2025 and includes all annual and quarterly figures.
What were GBDC's earnings last quarter?
GBDC's most recent reported quarter was Q2 2026. Net income was $-47M with diluted EPS of $-0.18. For a full breakdown of all quarters, see the quarterly earnings table on this page.