Blue Owl Capital (OBDC) Operating Expenses (2021 - 2026)

Blue Owl Capital has reported Operating Expenses for 6 years, with the latest figure at $235.2 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 9.41% year-over-year to $235.2 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 13.72% YoY), and the FY2025 full-year result was $1.0 billion, up 23.09% from the prior year.
• Operating Expenses for Q1 2026 stood at $235.2 million, down from $252.6 million in the prior quarter.
• The five-year high for Operating Expenses was $266.8 million in Q2 2025, with the low at $141.0 million in Q1 2022.
• Average Operating Expenses over 5 years is $210.2 million, with a median of $207.9 million recorded in 2023.
• Year-over-year, Operating Expenses soared 39.97% in 2023 and slipped 9.41% in 2026.
• Tracing OBDC's Operating Expenses over 5 years: stood at $186.2 million in 2022, then increased by 11.66% to $207.9 million in 2023, then climbed by 0.85% to $209.7 million in 2024, then climbed by 20.46% to $252.6 million in 2025, then retreated by 6.91% to $235.2 million in 2026.
• The last three Operating Expenses figures came in at $235.2 million (Q1 2026), $252.6 million (Q4 2025), and $259.9 million (Q3 2025), per Business Quant data.

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