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Golub Capital GBDC Administrative Fees Expense

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Other financials

Income statement

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Net income-$46.8M-159%
EPS (diluted)-$0.18-160%

Balance sheet

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Cash & equivalents$135.2M-45.1%
Total debt$4.7B-2.2%
Total equity$3.7B-7.3%
Total assets$8.5B-4.7%

Cash flow

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Operating cash flow$248.8M

Valuation

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Market cap$3.39B-13.9%
Enterprise value$7.96B-10.4%
P/E16.6×+6.1×

Returns & leverage

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Return on equity5.3%-3.6pp
Debt / equity1.3×+0.1×

Where this comes from

Reported directly by Golub Capital in its filing.

Tagged under the XBRL concept us-gaap:AdministrativeFeesExpense.

The source filing: Golub Capital’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:44 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0001476765-26-000033
Line itemThree months ended March 31, 2026Three months ended March 31, 2025Six months ended March 31, 2026Six months ended March 31, 2025
Interest and other debt financing expenses61,06969,911127,383149,554
Base management fee21,03521,71443,15043,295
Incentive fee15,54218,24732,99936,305
Administrative service fee2,9393,1856,1196,087
Professional fees1,6271,7653,4123,605
General and administrative expenses375408773969
Total expenses102,587115,230213,836239,815
Net investment income - before tax85,54798,662181,305194,777

Item 6. Exhibits [181](#i932b8727d4e044838e89e23b24328ce3_244)

FAQ

What is Golub Capital's administrative fees expense?
Golub Capital (GBDC) reported administrative fees expense of $2.94M in Q1 2026.
How has Golub Capital's administrative fees expense changed year-over-year?
Golub Capital's administrative fees expense decreased by 7.7% year-over-year, from $3.19M to $2.94M.
What is the long-term trend for Golub Capital's administrative fees expense?
Over 4 years (2021 to 2025), Golub Capital's administrative fees expense has grown at a 14.1% compound annual growth rate (CAGR), from $7.23M to $12.25M.
What does administrative fees expense mean?
Costs incurred for administrative and back-office support services, such as accounting, legal, and compliance functions provided to the company. These represent essential operational overhead required to maintain the BDC's regulatory and corporate status.

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