Oaktree Specialty Lending (OCSL) Operating Expenses (2021 - 2026)

Oaktree Specialty Lending (OCSL) reported Operating Expenses of $36.0 million for Q1 2026, down 61.83% on a YoY basis from $94.4 million in Q1 2025, and down 6.14% sequentially from $38.4 million in Q4 2025.

Oaktree Specialty Lending (OCSL) Operating Expenses (2021 - 2026) Analysis & Trends

Oaktree Specialty Lending (OCSL) has 6 years of Operating Expenses data on file, last reported at $36.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 61.83% year-over-year to $36.0 million; the trailing twelve-month figure through Mar 2026 stood at $215.8 million (down 26.4% YoY), and the FY2025 full-year result was $184.6 million, down 10.65% from the prior year.
  • Operating Expenses retreated to $36.0 million in Q1 2026, from $38.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $156.8 million in Q2 2024 to a low of $22.8 million in Q2 2022.
  • A 5-year average of $76.9 million and a median of $53.8 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 550.63% in 2023 and plunged 61.83% in 2026, its largest moves.
  • Tracing OCSL's Operating Expenses over 5 years: stood at $41.0 million in 2022, then surged by 31.07% to $53.8 million in 2023, then slipped by 21.77% to $42.1 million in 2024, then declined by 8.81% to $38.4 million in 2025, then slipped by 6.14% to $36.0 million in 2026.
  • Business Quant data shows OCSL's Operating Expenses at $36.0 million in Q1 2026, $38.4 million in Q4 2025, and $141.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Oaktree Specialty Lending 1.02 Bn 972.30 Mn - 36.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 36.02 Mn
Dec 31, 2025 38.38 Mn
Jun 30, 2025 141.45 Mn
Mar 31, 2025 94.36 Mn
Dec 31, 2024 42.08 Mn
Jun 30, 2024 156.85 Mn
Mar 31, 2024 106.46 Mn
Dec 31, 2023 53.80 Mn
Jun 30, 2023 148.13 Mn
Mar 31, 2023 93.14 Mn
Dec 31, 2022 41.04 Mn
Jun 30, 2022 22.77 Mn
Mar 31, 2022 24.95 Mn
Dec 31, 2021 29.34 Mn
Sep 30, 2021 3.03 Mn