Golub Capital BDC, Inc. (GBDC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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GBDC Revenue Growth
GBDC Revenue Analysis (2014–2025)
As of May 6, 2026, Golub Capital BDC, Inc. (GBDC) generated trailing twelve-month (TTM) revenue of $831.3 million, reflecting slight decline in growth of -3.9% year-over-year. The most recent quarter (Q2 2026) recorded $184.8 million in revenue, down 10.7% sequentially.
Looking at the longer-term picture, GBDC's 5-year compound annual growth rate (CAGR) stands at +43.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $870.8 million in 2025, representing a new all-time high.
When compared to Financial Services sector peers including ARCC, FSCO, and TPVG. Compare GBDC vs ARCC →
GBDC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GBDCCurrent | $831M | -3.9% | +43.8% | 78.9% | |
 ARCC | $3.1B | - | - | 69.7% | |
 FSCO | $254M | - | - | 77.5% | |
 TPVG | $97M | - | - | 77.9% | |
 CGBD | $168M | - | - | 54.7% | |
 OCSL | $300M | - | - | 50.4% |
GBDC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $870.8M | - | $709.6M | 81.5% | $687.4M | 78.9% |
| 2024 | $611.1M | - | $498.7M | 81.6% | $482.4M | 78.9% |
| 2023 | $572.5M | - | $427.7M | 74.7% | $426.0M | 74.4% |
| 2022 | $346.3M | - | $255.6M | 73.8% | $244.2M | 70.5% |
| 2021 | $415.2M | - | $349.5M | 84.2% | $340.8M | 82.1% |
| 2020 | $141.7M | - | $66.8M | 47.2% | $54.9M | 38.7% |
| 2019 | $30.9M | - | $-12,658,000 | -41.0% | $-18,579,000 | -60.2% |
| 2018 | $120.8M | - | $87.6M | 72.5% | $82.0M | 67.9% |
| 2017 | $119.1M | - | $87.6M | 73.5% | $82.3M | 69.1% |
| 2016 | $127.9M | - | $127.9M | 100.0% | $93.0M | 72.8% |
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Start ComparisonGBDC — Frequently Asked Questions
Quick answers to the most common questions about buying GBDC stock.
Is GBDC's revenue growth accelerating or slowing?
GBDC revenue growth slowed to -3.9%, below the 5-year CAGR of +43.8%. TTM revenue is $831M. The deceleration marks a shift from historical growth rates.
What is GBDC's long-term revenue growth rate?
Golub Capital BDC, Inc.'s 5-year revenue CAGR of +43.8% reflects the variable expansion pattern. Current YoY growth of -3.9% is near this long-term average.
How is GBDC's revenue distributed by segment?
GBDC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.