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

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 was $235.2 million for Q1 2026 at Blue Owl Capital, down from $252.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $266.8 million in Q2 2025 to a low of $141.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $210.2 million across 5 years, with a median of $207.9 million in 2023.
• The sharpest annual moves came in 2023 and 2026: Operating Expenses jumped 39.97% in 2023, then retreated 9.41% in 2026.
• A 5-year view of Operating Expenses shows it stood at $186.2 million in 2022, then grew by 11.66% to $207.9 million in 2023, then advanced by 0.85% to $209.7 million in 2024, then advanced by 20.46% to $252.6 million in 2025, then fell 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.