Golub Capital GBDC Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Investments, at fair value by Geography | ||||||
| Australia | $55.76M+221% | $54.83M+217% | $54.1M+169% | $53.26M+165% | $17.4M+8.1% | |
| Canada | $333.63M-6.3% | $334.75M+109% | $332.82M+87.0% | $370.84M+133% | $356.04M+221% | |
| Denmark | $4.77M-2.3% | $4.81M-2.1% | $4.82M-1.5% | $4.84M-1.3% | $4.88M+50.9% | |
| Finland | $86.66M+5.6% | $93.55M+18.4% | $88.09M+55.6% | $88.37M+62.3% | $82.06M+129% | |
| France | $29.08M+60.6% | $22.25M+28.8% | $22.23M+21.2% | $22.2M— | $18.11M— | |
| Germany | $64.45M-8.1% | $89.24M+58.8% | $87.71M+328% | $85.15M+694% | $70.11M+10,061% | |
| Israel | $17.31M-1.0% | $17.81M+1,595% | $17.76M+1,662% | $17.67M+1,668% | $17.48M+2,561% | |
| Jersey | $58.06M— | $59.52M+100,978% | $59.44M— | $60.13M— | —— | |
| Luxembourg | $42.79M+220% | $4.93M-92.3% | $4.89M-91.5% | $4.88M-91.5% | $13.36M-54.0% | |
| Mid-Atlantic | $1.56B-2.0% | $1.68B+1.9% | $1.64B+8.9% | $1.6B+17.1% | $1.6B+60.3% | |
| Midwest | $1.33B-4.4% | $1.34B-2.3% | $1.4B+3.5% | $1.4B-5.7% | $1.39B+35.8% | |
| Netherlands | $17.48M+39.0% | $13.21M-85.3% | $13.21M-85.3% | $13.23M-84.4% | $12.58M-78.7% | |
| Northeast | $467.46M-19.9% | $472.98M-36.0% | $472.85M-33.7% | $571.48M-13.4% | $583.76M+26.8% | |
| Southeast | $1.64B-0.3% | $1.71B+1.9% | $1.74B+6.5% | $1.75B+11.4% | $1.64B+59.0% | |
| Southwest | $977.98M-8.0% | $1.03B-6.7% | $1.03B+0.7% | $1.12B+59.1% | $1.06B+148% | |
| Spain | $0— | $0— | $9.09M— | $9.09M— | —— | |
| Sweden | $37.25M+6.7% | $37.57M+12.8% | $37.38M+7.7% | $36.89M+11.4% | $34.93M+78.5% | |
| United Kingdom | $401.42M-1.5% | $406.88M+28.8% | $407.44M+2.9% | $402.49M+5.1% | $407.69M+34.8% | |
| West | $1.19B-9.0% | $1.27B-2.9% | $1.35B+19.2% | $1.36B+6.0% | $1.31B+49.7% | |
| Fair Value: by Geography | ||||||
| Midwest | 0.5%+0.1pp | 15.5%-0.3pp | 0.4%— | 0%— | 0.4%+0.2pp | |
| Northeast | 0.1%— | 5.5%-3.0pp | —— | —— | —— | |
| Amortized Cost by Geography | ||||||
| Australia | $53.55M+168% | $53.3M+166% | $54.44M+160% | $54.2M+160% | $20M+17.7% | |
| Canada | $340.37M-7.0% | $337.34M+98.4% | $337.99M+85.7% | $374.3M+127% | $365.89M+219% | |
| Denmark | $4.87M+0.1% | $4.87M+0.1% | $4.87M+0.1% | $4.87M+0.4% | $4.86M+54.8% | |
| Finland | $81.72M+3.6% | $84.34M+6.3% | $78.93M+49.9% | $78.92M+50.1% | $78.9M+138% | |
| France | $28.19M+57.1% | $20.3M+13.5% | $20.29M+13.8% | $20.24M— | $17.94M— | |
| Germany | $64.65M-6.4% | $82.97M+44.3% | $81.46M+309% | $79.11M+631% | $69.09M+9,870% | |
| Israel | $17.49M+0.6% | $17.39M+1,934% | $17.38M+1,933% | $17.38M+1,933% | $17.38M+3,314% | |
| Jersey | $57.53M— | $57.51M— | $57.49M— | $57.48M— | —— | |
| Luxembourg | $44.04M+227% | $4.66M-92.9% | $4.61M-92.1% | $4.57M-92.2% | $13.48M-54.8% | |
| Mid-Atlantic | $1.57B-0.4% | $1.66B+1.4% | $1.62B+7.9% | $1.58B+15.3% | $1.57B+59.0% | |
| Midwest | $1.35B-3.1% | $1.34B-3.3% | $1.4B+0.3% | $1.39B-7.6% | $1.4B+32.8% | |
| Netherlands | $17.76M+42.9% | $12.85M-86.6% | $12.84M-86.6% | $12.82M-86.5% | $12.43M-81.8% | |
| Northeast | $476.13M-18.0% | $473.22M-35.8% | $472.22M-33.8% | $570.65M-15.1% | $580.83M+23.3% | |
| Southeast | $1.67B-0.9% | $1.72B+1.5% | $1.76B+7.2% | $1.79B+13.8% | $1.68B+64.1% | |
| Southwest | $1.04B-4.1% | $1.06B-4.8% | $1.06B+1.3% | $1.14B+60.6% | $1.09B+151% | |
| Spain | $0— | $0— | $8.93M— | $8.95M— | —— | |
| Sweden | $36.08M+5.1% | $35.44M+5.2% | $35.27M+6.1% | $34.68M+6.3% | $34.35M+83.0% | |
| United Kingdom | $407.84M-1.8% | $401.95M+22.9% | $399.69M+1.0% | $390.65M-1.4% | $415.33M+31.1% | |
| West | $1.22B-6.6% | $1.28B-2.1% | $1.35B+18.6% | $1.35B+4.4% | $1.3B+49.9% |
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.