BlackRock TCP Capital Corp. (TCPC) Earnings History
Net Loss17 years of earnings data (2009–2025) · Currently unprofitable on a TTM basis
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BlackRock TCP Capital Corp. (TCPC) Earnings Overview
As of July 8, 2026, BlackRock TCP Capital Corp. (TCPC) reported trailing twelve-month net income of -$126M, reflecting -32.9% year-over-year growth. The company earned $-1.50 per diluted share over the past four quarters, with a net profit margin of 116.5%.
Looking at the long-term picture, TCPC's historical earnings data spans multiple years. The company achieved its highest annual net income of $134M in fiscal 2021.
BlackRock TCP Capital Corp. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including ARCC ($1.15B net income, 41.3% margin), GBDC ($205M net income, 43.2% margin), TPVG (-$12M net income, 50.6% margin), TCPC has outperformed on profitability metrics. Compare TCPC vs ARCC →
TCPC Earnings vs Peers
Earnings metrics vs comparable public companies
TCPC Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$89M | -40.9% | -$23M | $-1.05 | - | - |
| 2024 | -$63M | -264.1% | -$63M | $-0.79 | -304.1% | -301.5% |
| 2023 | $38M | +517.1% | $155M | $0.67 | 18.4% | 73.9% |
| 2022 | -$9M | -106.9% | $128M | $-0.16 | -5.1% | 70.6% |
| 2021 | $134M | +87.4% | $114M | $2.32 | 81.0% | 68.8% |
| 2020 | $71M | +133.4% | $124M | $1.23 | 41.5% | 72.3% |
| 2019 | $31M | -32.8% | $141M | $0.52 | 15.7% | 72.4% |
| 2018 | $45M | -49.8% | $134M | $0.77 | 23.9% | 70.3% |
| 2017 | $91M | -5.0% | $91M | $1.19 | 68.8% | 68.9% |
| 2016 | $95M | +64.0% | $96M | $1.50 | 73.7% | 74.1% |
| 2015 | $58M | +16.3% | $120M | $1.21 | 39.6% | 81.9% |
| 2014 | $50M | -21.2% | $51M | $0.88 | 76.2% | 77.4% |
| 2013 | $63M | +130.2% | $64M | $1.91 | 90.8% | 92.2% |
| 2012 | $28M | +309.2% | $29M | $1.21 | 84.7% | 89.3% |
| 2011 | $7M | -90.5% | $7M | $0.24 | 73.2% | 73.2% |
| 2010 | $71M | +30.4% | $71M | $3.21 | 97.1% | 97.1% |
| 2009 | $54M | - | -$45M | $1.29 | - | - |
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TCPC — Frequently Asked Questions
Quick answers to the most common questions about buying TCPC stock.
What is TCPC earnings per share (EPS)?
TCPC trailing twelve-month (TTM) diluted EPS is $-1.50, reflecting -32.9% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2009 to 2025 is available in the table on this page.
What is BlackRock TCP Capital Corp.'s net income?
BlackRock TCP Capital Corp. (TCPC) trailing twelve-month net income is $-126M as of 2025. Earnings declined -32.9% year-over-year.
Is TCPC profitable?
TCPC is not currently profitable on a TTM basis, reporting a net loss of $-126M. Net margin is +116.5%. Investors should monitor for a return to profitability.
What is TCPC's earnings growth rate?
TCPC compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2009 to 2025.
What are TCPC's profit margins?
BlackRock TCP Capital Corp. net profit margin is +116.5%, operating margin is +29.9%, and gross margin is +122.1%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is -12.9%.
Is TCPC growing earnings?
TCPC earnings are declining — EPS fell -32.9% year-over-year. TTM net income dropped to $-126M. This contrasts with the 5-year CAGR of N/A.
What was TCPC's best earnings year?
BlackRock TCP Capital Corp.'s highest annual net income on record is $134M, achieved in fiscal year 2021. Earnings history on this page spans 2009 to 2025 and includes all annual and quarterly figures.
What were TCPC's earnings last quarter?
TCPC's most recent reported quarter was Q1 2026. Net income was $-16M with diluted EPS of $-0.19. For a full breakdown of all quarters, see the quarterly earnings table on this page.