Golub Capital BDC, Inc. (GBDC) Earnings History
Annual and quarterly earnings data from 2009 to 2025
Loading earnings history...
GBDC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
GBDC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 81.5% | 78.9% | 43.2% |
| 2024 | 81.6% | 78.9% | 44.8% |
| 2023 | 74.7% | 74.4% | 47.5% |
| 2022 | 73.8% | 70.5% | 44.9% |
| 2021 | 84.2% | 82.1% | 82.0% |
Download Data
Export GBDC earnings history in CSV or JSON format
Free sign-in required to download data
Golub Capital BDC, Inc. (GBDC) Earnings Overview
As of May 6, 2026, Golub Capital BDC, Inc. (GBDC) reported trailing twelve-month net income of $251M, reflecting +4.4% year-over-year growth. The company earned $0.96 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, 74.2% margin), TPVG ($49M 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% |
See GBDC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs GBDC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare GBDC vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonGBDC — Frequently Asked Questions
Quick answers to the most common questions about buying GBDC stock.
Is GBDC growing earnings?
GBDC EPS of $0.96 reflects slowing growth at +4.4%, below the 5-year CAGR of +30.9%. TTM net income is $251M. Expansion rate has moderated.
What are GBDC's profit margins?
Golub Capital BDC, Inc. net margin is +43.2%, with operating margin at +78.9%. Above-average margins indicate pricing power.
How consistent are GBDC's earnings?
GBDC earnings data spans 2009-2025. The current earnings trend is +4.4% YoY. Historical data enables comparison across business cycles.