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

Blue Owl Capital's Operating Margin history runs 6 years deep, the most recent figure standing at 40.73% for Q1 2026.

• On a quarterly basis, Operating Margin fell 340.0% year-over-year to 40.73% in Q1 2026; TTM through Mar 2026 was 42.94%, a 314.0% decrease from a year earlier, with the FY2025 full-year figure at 43.88%, down 253.0% from the prior year.
• Operating Margin retreated to 40.73% in Q1 2026 per OBDC's latest filing, from 43.58% in the prior quarter.
• Across five years, Operating Margin topped out at 49.43% in Q4 2023 and bottomed at 40.73% in Q1 2026.
• The 5-year median for Operating Margin is 46.72% (2024), against an average of 46.04%.
• Across the five-year window, Operating Margin jumped 257 bps in 2023 and plunged 359 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 46.87% in 2022, then grew by 5 bps to 49.43% in 2023, then dropped by 5 bps to 46.72% in 2024, then slipped by 7 bps to 43.58% in 2025, then fell by 7 bps to 40.73% in 2026.
• Per Business Quant, the three latest OBDC Operating Margin figures stand at 40.73% (Q1 2026), 43.58% (Q4 2025), and 41.96% (Q3 2025).