Golub Capital GBDC Business Segments
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Investments, at fair value by Geography | ||||||
| Australia | $217.95M+21.4% | $179.59M+26.4% | $142.04M+31.5% | $108.05M+44.3% | $74.86M+1.8% | |
| Canada | $1.37B-1.6% | $1.39B+14.3% | $1.22B+14.5% | $1.07B+24.8% | $853.66M+40.3% | |
| Denmark | $19.24M-0.6% | $19.35M-0.5% | $19.45M-0.4% | $19.53M-0.3% | $19.59M+9.2% | |
| Finland | $356.66M+1.3% | $352.07M+4.3% | $337.51M+10.3% | $306.03M+12.5% | $272.13M+20.4% | |
| France | $95.77M+12.9% | $84.8M+6.2% | $79.82M+5.1% | $75.93M— | —— | |
| Germany | $326.55M-1.7% | $332.21M+11.0% | $299.16M+29.0% | $231.95M+47.2% | $157.52M+78.8% | |
| Israel | $70.54M-0.3% | $70.72M+31.1% | $53.96M+45.0% | $37.21M+81.1% | $20.54M+453% | |
| Jersey | $237.14M— | —— | —— | —— | —— | |
| Luxembourg | $57.49M+105% | $28.05M-67.9% | $87.27M-37.6% | $139.82M-27.3% | $192.25M-7.6% | |
| Mid-Atlantic | $6.49B-0.5% | $6.52B+0.5% | $6.49B+2.1% | $6.35B+3.8% | $6.12B+10.9% | |
| Midwest | $5.46B-1.1% | $5.52B-0.6% | $5.56B+0.9% | $5.51B-1.5% | $5.59B+7.0% | |
| Netherlands | $57.12M+9.4% | $52.22M-59.5% | $128.84M-37.3% | $205.34M-25.8% | $276.74M-14.3% | |
| Northeast | $1.98B-5.5% | $2.1B-11.2% | $2.37B-9.2% | $2.61B-3.3% | $2.7B+4.8% | |
| Southeast | $6.84B-0.1% | $6.84B+0.5% | $6.81B+1.6% | $6.7B+2.7% | $6.52B+10.3% | |
| Southwest | $4.15B-2.0% | $4.24B-1.7% | $4.31B+0.2% | $4.31B+10.7% | $3.89B+19.5% | |
| Spain | $18.17M— | —— | —— | —— | —— | |
| Sweden | $149.09M+1.6% | $146.77M+3.0% | $142.52M+1.9% | $139.85M+2.8% | $136.08M+12.7% | |
| United Kingdom | $1.62B-0.4% | $1.62B+5.9% | $1.53B+0.8% | $1.52B+1.3% | $1.5B+7.5% | |
| West | $5.16B-2.2% | $5.28B-0.7% | $5.32B+4.3% | $5.1B+1.5% | $5.03B+9.4% | |
| Fair Value: by Geography | ||||||
| Midwest | 16.4%+0.1pp | 16.3%-0.3pp | 16.6%— | —— | —— | |
| Amortized Cost by Geography | ||||||
| Australia | $215.49M+18.4% | $181.94M+22.4% | $148.68M+29.1% | $115.14M+40.7% | $81.83M+3.8% | |
| Canada | $1.39B-1.8% | $1.42B+13.4% | $1.25B+14.3% | $1.09B+23.7% | $882.63M+39.8% | |
| Denmark | $19.47M0.0% | $19.46M0.0% | $19.46M0.0% | $19.45M+0.1% | $19.43M+9.7% | |
| Finland | $323.9M+0.9% | $321.08M+1.6% | $316.11M+9.1% | $289.84M+10.0% | $263.51M+21.0% | |
| France | $89M+13.0% | $78.76M+3.2% | $76.35M+3.3% | $73.88M— | —— | |
| Germany | $308.18M-1.4% | $312.62M+8.9% | $287.16M+27.3% | $225.6M+43.4% | $157.31M+76.9% | |
| Israel | $69.64M+0.2% | $69.53M+31.2% | $53M+45.3% | $36.47M+82.9% | $19.94M+549% | |
| Jersey | $230.01M— | —— | —— | —— | —— | |
| Luxembourg | $57.87M+112% | $27.31M-69.0% | $88.02M-37.9% | $141.74M-27.5% | $195.37M-7.7% | |
| Mid-Atlantic | $6.43B-0.1% | $6.44B+0.4% | $6.41B+1.9% | $6.29B+3.4% | $6.09B+10.6% | |
| Midwest | $5.48B-0.8% | $5.52B-0.8% | $5.57B+0.1% | $5.56B-2.0% | $5.68B+6.5% | |
| Netherlands | $56.26M+10.5% | $50.93M-62.1% | $134.26M-38.2% | $217.38M-27.4% | $299.5M-15.7% | |
| Northeast | $1.99B-5.0% | $2.1B-11.2% | $2.36B-9.3% | $2.6B-3.8% | $2.7B+4.2% | |
| Southeast | $6.94B-0.2% | $6.95B+0.4% | $6.93B+1.7% | $6.81B+3.3% | $6.59B+11.1% | |
| Southwest | $4.3B-1.0% | $4.35B-1.2% | $4.4B+0.3% | $4.39B+10.9% | $3.96B+19.8% | |
| Spain | $17.88M— | —— | —— | —— | —— | |
| Sweden | $141.48M+1.2% | $139.74M+1.3% | $138M+1.5% | $135.98M+1.5% | $133.92M+13.2% | |
| United Kingdom | $1.6B-0.5% | $1.61B+4.9% | $1.53B+0.3% | $1.53B-0.4% | $1.53B+6.9% | |
| West | $5.2B-1.6% | $5.28B-0.5% | $5.31B+4.1% | $5.1B+1.1% | $5.04B+9.4% |
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.