NASDAQ$GBDC
Golub Capital BDC Inc · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
Golub Capital BDC reported fiscal Q2 2026 net investment income of $85.5M, or $0.33 per share, with a GAAP net loss on investments.
For the quarter ended March 31, 2026, Golub Capital BDC earned total investment income of $188.1 million and net investment income after tax of $85.5 million. GAAP net loss on investment transactions was $132.3 million, yielding basic EPS of $(0.18); NII per share was $0.33 and the quarterly dividend was $0.33 per share.
- Total investment income $188.1M; NII after tax $85.5M.
- NII per share $0.33; dividend $0.33.
- Unrealized depreciation drove GAAP net loss.
- Middle-market lending platform scale supports originations.
Headline financials
Revenue & EPS history
Golub Capital BDC · Revenue · Quarterly
$71.1M
Revenue by segment
Golub Capital BDC · $5.52B total across 4 segments · Q4 2023
- One Stop$4.68B+0.2%84.8%
- Senior Secured$504M+6.6%9.1%
- Equity$297M+7.1%5.4%
- Junior Debt$37.1M+37.1%0.7%
Forward guidance
BDC investors focus on NII, dividend coverage, and credit trends rather than corporate revenue guidance.
Tailwinds
- Stable NII and dividend relative to NAV.
- Large diversified senior loan portfolio.
Headwinds
- GAAP EPS negative on mark-to-market losses.
- Credit cycle and base-rate moves affect spreads.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2026
-0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-2.2%
Avg return
30 days after
42%
8 / 19 earnings
Positive
+2.9%
Q4 2022
Best reaction
-3.8%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -2.0% | -3.8% | -3.7% | |
| Q1 2026 | +1.5% | -1.3% | -5.2% | |
| Q4 2026 | -0.1% | +2.1% | -0.7% | |
| Q2 2025 | +0.6% | +2.3% | +6.4% | |
| Q1 2025 | -2.3% | +0.1% | -4.1% | |
| Q4 2024 | -1.9% | -1.4% | -4.1% | |
| Q3 2024 | -0.8% | -2.2% | +1.2% | |
| Q2 2024 | -0.4% | -0.9% | -4.6% | |
| Q1 2024 | -1.0% | +0.5% | +3.3% | |
| Q4 2023 | +2.0% | +1.9% | +0.5% | |
| Q3 2023 | +2.4% | +5.2% | +0.9% | |
| Q2 2023 | -1.0% | -1.7% | +0.8% | |
| Q1 2023 | -3.8% | -2.1% | -10.6% | |
| Q4 2022 | +2.9% | +6.0% | -2.8% | |
| Q3 2022 | -1.2% | -0.1% | -5.2% | |
| Q2 2022 | -0.1% | -4.5% | -9.3% | |
| Q1 2022 | +0.8% | -0.6% | -7.0% | |
| Q4 2021 | +1.1% | +2.4% | +2.8% | |
| Q4 2020 | +1.3% | -0.6% | -1.3% |
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