Blue Owl Capital OBDC
NYSE OBDC
$11.03 -0.11 (-0.94%)
As of: Sep 10, 2026 · 3:07 PM EDT

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

Blue Owl Capital (OBDC) posted Operating Expenses of $224.5 million for Q2 2026, down 4.55% on a QoQ basis from $235.2 million in Q1 2026, and down 15.89% year-over-year from $266.8 million in Q2 2025.

Analysis

Blue Owl Capital (OBDC) Operating Expenses (2021 - 2026) Analysis & Trends

Blue Owl Capital has reported Operating Expenses for 6 years, with the latest figure at $224.5 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 15.89% year-over-year to $224.5 million in Q2 2026; TTM through Jun 2026 was $972.1 million, a 1.93% increase from a year earlier, with the FY2025 full-year figure at $1.0 billion, up 23.09% from the prior year.
  • Operating Expenses was $224.5 million for Q2 2026 at Blue Owl Capital, down from $235.2 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 $211.0 million, with a median of $208.8 million recorded in 2023.
  • The sharpest annual moves came in 2023 and 2026: Operating Expenses surged 39.97% in 2023, then decreased 15.89% in 2026.
  • Over 5 years, Operating Expenses 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 slipped by 11.15% to $224.5 million in 2026.
  • The last three Operating Expenses figures came in at $224.5 million (Q2 2026), $235.2 million (Q1 2026), and $252.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ares Capital 14.09 Bn 13.70 Bn - 401.00 Mn
2 Blackstone Secured Lending Fund 5.63 Bn 5.36 Bn - 142.27 Mn
3 Blue Owl Capital 5.47 Bn 5.23 Bn - 224.46 Mn
4 Main Street Capital 5.21 Bn 5.16 Bn - 55.78 Mn
5 Blue Owl Technology Finance 4.92 Bn 4.71 Bn - 198.97 Mn
6 Hercules Capital 4.66 Bn 4.61 Bn - 61.10 Mn
7 FS KKR Capital 3.33 Bn 3.22 Bn - 179.00 Mn
8 Golub Capital Bdc 3.30 Bn 3.25 Bn - 102.51 Mn
9 PennantPark Floating Rate Capital 2.49 Bn -118.08 Mn - 40.19 Mn
10 MidCap Financial Investment 2.07 Bn 2.03 Bn - 35.52 Mn
Historic Data

Historic Data

Download Data
DateValue
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