NYSE$GSBD
Goldman Sachs BDC Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Goldman Sachs BDC reported Q1 2026 net investment income of $24.8M after tax.
Goldman Sachs BDC, Inc. reported Q1 2026 total investment income of $78.8 million versus $96.9 million, with net investment income after taxes of $24.8 million compared with $49.6 million. The BDC’s results reflect lower interest income on the portfolio and higher expenses amid middle-market credit conditions.
- Total investment income $78.8M (-19% YoY).
- Net investment income after tax $24.8M.
- Middle-market lending portfolio marked in schedules.
- Interest and fee income sensitive to base rates and spreads.
- Dividend coverage tied to NII trends.
Headline financials
Revenue & EPS history
Goldman Sachs BDC · Revenue · Quarterly
-$2.25M
Forward guidance
BDC outlook depends on base rates, spread compression, and credit quality; no EPS guide—distribution policy discussed with board.
Tailwinds
- Goldman origination platform access.
- Floating-rate loan book benefits if rates stay higher.
- Diversified middle-market portfolio.
Headwinds
- NII down sharply year over year.
- Credit migration and non-accrual risk.
- Competition compressing lending spreads.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-1.2%
Avg return
30 days after
50%
22 / 44 earnings
Positive
+4.0%
Q2 2015
Best reaction
-4.3%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | -11.3% | -12.7% | |
| Q4 2025 | -1.4% | +1.7% | -2.0% | |
| Q3 2025 | +1.8% | +0.8% | +3.5% | |
| Q1 2025 | +2.3% | +5.5% | +8.3% | |
| Q4 2024 | +1.6% | -3.0% | -5.7% | |
| Q3 2024 | -1.2% | -3.3% | -0.9% | |
| Q2 2024 | -4.1% | -4.7% | -3.1% | |
| Q1 2024 | -0.5% | +1.4% | -2.7% | |
| Q4 2023 | -3.5% | -1.7% | -3.8% | |
| Q3 2023 | -0.3% | +1.2% | +2.4% | |
| Q2 2023 | +4.0% | +3.2% | +3.3% | |
| Q1 2023 | -4.2% | -3.6% | -1.9% | |
| Q4 2022 | +2.1% | +2.7% | -11.9% | |
| Q3 2022 | +2.1% | +2.2% | -0.2% | |
| Q2 2022 | +0.5% | +1.3% | -3.9% | |
| Q1 2022 | -1.3% | -3.6% | -5.1% | |
| Q4 2021 | -2.2% | -3.8% | -0.3% | |
| Q3 2021 | +0.2% | +1.4% | +0.8% | |
| Q2 2021 | +1.7% | +1.0% | +0.1% | |
| Q1 2021 | +0.3% | +0.3% | +2.3% | |
| Q4 2020 | +0.5% | +6.8% | +10.6% | |
| Q3 2020 | +0.9% | +6.6% | +22.5% | |
| Q2 2020 | -0.9% | -1.7% | -4.0% | |
| Q1 2020 | -4.2% | -1.5% | +9.7% | |
| Q4 2019 | -4.3% | -8.7% | -53.3% | |
| Q3 2019 | -1.7% | -1.3% | +1.2% | |
| Q2 2019 | -1.0% | -2.0% | -1.2% | |
| Q1 2019 | +0.0% | -2.4% | -5.2% | |
| Q4 2018 | -1.0% | -3.5% | -1.8% | |
| Q3 2018 | +3.1% | +7.4% | +1.6% | |
| Q2 2018 | +4.0% | +5.4% | +4.4% | |
| Q1 2018 | +0.9% | +8.3% | +7.8% | |
| Q4 2017 | -2.6% | -3.2% | -6.8% | |
| Q3 2017 | +1.2% | -0.2% | +0.0% | |
| Q2 2017 | -0.0% | +1.2% | -3.7% | |
| Q1 2017 | -3.1% | -4.8% | -10.4% | |
| Q4 2016 | +0.0% | +0.1% | -0.2% | |
| Q3 2016 | -3.8% | +1.7% | +7.2% | |
| Q2 2016 | -0.3% | +2.0% | +8.0% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | +0.1% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | +4.0% | — | — | |
| Q1 2015 | +3.6% | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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