Oaktree Specialty Lending (OCSL) Operating Expenses (2021 - 2026)
Oaktree Specialty Lending (OCSL) posted Operating Expenses of $36.0 million for Q1 2026, down 6.14% sequentially from $38.4 million in Q4 2025, and down 61.83% YoY from $94.4 million in Q1 2025.
Oaktree Specialty Lending (OCSL) Operating Expenses (2021 - 2026) Analysis & Trends
Oaktree Specialty Lending has reported Operating Expenses for 6 years, with the latest figure at $36.0 million in Q1 2026.
- Quarterly Operating Expenses fell 61.83% year-over-year to $36.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $215.8 million (down 26.4% YoY) and the FY2025 annual result came in at $184.6 million, down 10.65% from the prior year.
- Operating Expenses retreated to $36.0 million in Q1 2026 per OCSL's latest filing, from $38.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $156.8 million in Q2 2024 and troughed at $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.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses jumped 550.63% in 2023, then slumped 61.83% in 2026.
- Over 5 years, Operating Expenses stood at $41.0 million in 2022, then surged by 31.07% to $53.8 million in 2023, then fell by 21.77% to $42.1 million in 2024, then decreased by 8.81% to $38.4 million in 2025, then fell by 6.14% to $36.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $36.0 million, $38.4 million, and $141.5 million for Q1 2026, Q4 2025, and Q2 2025 respectively.
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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 | Oaktree Specialty Lending | 1.16 Bn | 1.12 Bn | - | 36.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.61 Mn |
| 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 |