Golub Capital GBDC Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Investments, at fair value by Geography | ||||||
| Australia | $55.76M+1.7% | $54.83M+1.3% | $54.1M+1.6% | $53.26M+206% | $17.4M+0.7% | |
| Canada | $333.63M-0.3% | $334.75M+0.6% | $332.82M-10.3% | $370.84M+4.2% | $356.04M+122% | |
| Denmark | $4.77M-0.8% | $4.81M-0.3% | $4.82M-0.5% | $4.84M-0.8% | $4.88M-0.5% | |
| Finland | $86.66M-7.4% | $93.55M+6.2% | $88.09M-0.3% | $88.37M+7.7% | $82.06M+3.9% | |
| France | $29.08M+30.7% | $22.25M+0.1% | $22.23M+0.1% | $22.2M+22.6% | $18.11M+4.8% | |
| Germany | $64.45M-27.8% | $89.24M+1.7% | $87.71M+3.0% | $85.15M+21.4% | $70.11M+24.8% | |
| Israel | $17.31M-2.9% | $17.81M+0.3% | $17.76M+0.5% | $17.67M+1.0% | $17.48M+1,564% | |
| Jersey | $58.06M-2.4% | $59.52M+0.1% | $59.44M-1.1% | $60.13M— | —— | |
| Luxembourg | $42.79M+769% | $4.93M+0.7% | $4.89M+0.2% | $4.88M-63.4% | $13.36M-79.2% | |
| Mid-Atlantic | $1.56B-7.2% | $1.68B+2.6% | $1.64B+2.7% | $1.6B+0.2% | $1.6B-3.5% | |
| Midwest | $1.33B-0.3% | $1.34B-4.5% | $1.4B+0.3% | $1.4B+0.1% | $1.39B+1.9% | |
| Netherlands | $17.48M+32.4% | $13.21M0.0% | $13.21M-0.1% | $13.23M+5.1% | $12.58M-86.0% | |
| Northeast | $467.46M-1.2% | $472.98M0.0% | $472.85M-17.3% | $571.48M-2.1% | $583.76M-21.0% | |
| Southeast | $1.64B-4.0% | $1.71B-1.9% | $1.74B-0.5% | $1.75B+6.5% | $1.64B-1.9% | |
| Southwest | $977.98M-4.8% | $1.03B-0.1% | $1.03B-8.2% | $1.12B+5.4% | $1.06B-3.5% | |
| Spain | $0— | $0-100% | $9.09M0.0% | $9.09M— | —— | |
| Sweden | $37.25M-0.8% | $37.57M+0.5% | $37.38M+1.3% | $36.89M+5.6% | $34.93M+4.8% | |
| United Kingdom | $401.42M-1.3% | $406.88M-0.1% | $407.44M+1.2% | $402.49M-1.3% | $407.69M+29.1% | |
| West | $1.19B-6.5% | $1.27B-5.6% | $1.35B-0.6% | $1.36B+3.7% | $1.31B-0.2% | |
| Fair Value: by Geography | ||||||
| Midwest | 0.5%-15.0pp | 15.5%+15.1pp | 0.4%— | 0%-0.4pp | 0.4%-15.4pp | |
| Northeast | 0.1%-5.4pp | 5.5%— | —— | —— | —— | |
| Amortized Cost by Geography | ||||||
| Australia | $53.55M+0.5% | $53.3M-2.1% | $54.44M+0.5% | $54.2M+171% | $20M-0.2% | |
| Canada | $340.37M+0.9% | $337.34M-0.2% | $337.99M-9.7% | $374.3M+2.3% | $365.89M+115% | |
| Denmark | $4.87M0.0% | $4.87M0.0% | $4.87M0.0% | $4.87M0.0% | $4.86M0.0% | |
| Finland | $81.72M-3.1% | $84.34M+6.8% | $78.93M0.0% | $78.92M0.0% | $78.9M-0.6% | |
| France | $28.19M+38.9% | $20.3M0.0% | $20.29M+0.2% | $20.24M+12.8% | $17.94M+0.3% | |
| Germany | $64.65M-22.1% | $82.97M+1.9% | $81.46M+3.0% | $79.11M+14.5% | $69.09M+20.1% | |
| Israel | $17.49M+0.6% | $17.39M0.0% | $17.38M0.0% | $17.38M0.0% | $17.38M+1,933% | |
| Jersey | $57.53M0.0% | $57.51M0.0% | $57.49M0.0% | $57.48M— | —— | |
| Luxembourg | $44.04M+846% | $4.66M+1.0% | $4.61M+1.0% | $4.57M-66.1% | $13.48M-79.4% | |
| Mid-Atlantic | $1.57B-5.8% | $1.66B+2.7% | $1.62B+2.8% | $1.58B+0.2% | $1.57B-4.1% | |
| Midwest | $1.35B+0.9% | $1.34B-4.0% | $1.4B+0.5% | $1.39B-0.5% | $1.4B+0.7% | |
| Netherlands | $17.76M+38.2% | $12.85M+0.1% | $12.84M+0.1% | $12.82M+3.2% | $12.43M-87.1% | |
| Northeast | $476.13M+0.6% | $473.22M+0.2% | $472.22M-17.2% | $570.65M-1.8% | $580.83M-21.2% | |
| Southeast | $1.67B-3.0% | $1.72B-2.1% | $1.76B-2.1% | $1.79B+6.7% | $1.68B-0.7% | |
| Southwest | $1.04B-1.8% | $1.06B+0.5% | $1.06B-7.8% | $1.14B+5.4% | $1.09B-2.6% | |
| Spain | $0— | $0-100% | $8.93M-0.2% | $8.95M— | —— | |
| Sweden | $36.08M+1.8% | $35.44M+0.5% | $35.27M+1.7% | $34.68M+1.0% | $34.35M+1.9% | |
| United Kingdom | $407.84M+1.5% | $401.95M+0.6% | $399.69M+2.3% | $390.65M-5.9% | $415.33M+27.0% | |
| West | $1.22B-5.0% | $1.28B-4.7% | $1.35B-0.5% | $1.35B+3.7% | $1.3B-0.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Golub Capital break its business down?
- Golub Capital (GBDC) reports investments, at fair value by geography across 19 parts — Australia, Canada, Denmark, Finland and France. Each is extracted from the segment footnotes and tracked over time.
- Where does Golub Capital's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Golub Capital's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.