Blue Owl Capital (OBDC) Operating Expenses (2021 - 2026)
Blue Owl Capital (OBDC) posted quarterly Operating Expenses of $235.2 million for Q1 2026, down 9.41% year-over-year from $259.6 million in Q1 2025, and down 6.91% quarter-over-quarter from $252.6 million in Q4 2025.
Blue Owl Capital (OBDC) Operating Expenses (2021 - 2026) Analysis & Trends
Blue Owl Capital's Operating Expenses history runs 6 years deep, the most recent figure standing at $235.2 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 9.41% year-over-year to $235.2 million; the TTM figure through Mar 2026 stood at $1.0 billion (up 13.72% YoY), while the FY2025 annual figure 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.
- The 5-year median for Operating Expenses is $207.9 million (2023), against an average of $210.2 million.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses soared 39.97% in 2023, then fell 9.41% in 2026.
- Blue Owl Capital's Operating Expenses stood at $186.2 million in 2022, then climbed by 11.66% to $207.9 million in 2023, then gained by 0.85% to $209.7 million in 2024, then gained by 20.46% to $252.6 million in 2025, then declined by 6.91% to $235.2 million in 2026.
- Business Quant data shows OBDC's Operating Expenses at $235.2 million in Q1 2026, $252.6 million in Q4 2025, and $259.9 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Blue Owl Capital | 5.60 Bn | 5.36 Bn | - | 224.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 224.46 Mn |
| Mar 31, 2026 | 235.16 Mn |
| Dec 31, 2025 | 252.61 Mn |
| Sep 30, 2025 | 259.89 Mn |
| Jun 30, 2025 | 266.85 Mn |
| Mar 31, 2025 | 259.60 Mn |
| Dec 31, 2024 | 209.71 Mn |
| Sep 30, 2024 | 217.56 Mn |
| Jun 30, 2024 | 205.22 Mn |
| Mar 31, 2024 | 211.57 Mn |
| Dec 31, 2023 | 207.94 Mn |
| Sep 30, 2023 | 206.24 Mn |
| Jun 30, 2023 | 205.17 Mn |
| Mar 31, 2023 | 196.38 Mn |
| Dec 31, 2022 | 186.23 Mn |
| Sep 30, 2022 | 165.68 Mn |
| Jun 30, 2022 | 146.58 Mn |
| Mar 31, 2022 | 141.00 Mn |
| Dec 31, 2021 | 142.77 Mn |
| Sep 30, 2021 | 137.01 Mn |