Oaktree Specialty Lending (OCSL) Operating Margin (2021 - 2026)
Oaktree Specialty Lending recorded quarterly Operating Margin of 48.83% in Q1 2026, little changed quarter-over-quarter from 48.9% in Q4 2025, and down 188.0% year-over-year from 55.48% in Q1 2025.
Oaktree Specialty Lending's Operating Margin history runs 6 years deep, the most recent figure standing at 48.83% for Q1 2026.
- In Q1 2026, Operating Margin fell 188.0% year-over-year to 48.83%; the TTM figure through Mar 2026 stood at 47.2% (down 180.0% YoY), while the FY2025 annual figure was 48.45%, up 259.0% from the prior year.
- Operating Margin came in at 48.83% for Q1 2026 at Oaktree Specialty Lending, roughly flat from 48.9% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 63.94% in Q2 2022 to a low of 43.99% in Q1 2024.
- A 5-year average of 49.58% and a median of 47.74% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 1549 bps in 2022 and sank 1643 bps in 2023, its largest moves.
- Oaktree Specialty Lending's Operating Margin stood at 49.11% in 2022, then retreated by 8 bps to 45.1% in 2023, then advanced by 14 bps to 51.43% in 2024, then retreated by 5 bps to 48.9% in 2025, then fell by 0 bps to 48.83% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 48.83%, 48.9%, and 46.65% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 42.01% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 46.06% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.56% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.44% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | - |
| 10 | Oaktree Specialty Lending | 1.06 Bn | 1.01 Bn | - | 48.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.83% |
| Dec 31, 2025 | 48.90% |
| Sep 30, 2025 | 46.65% |
| Jun 30, 2025 | 44.56% |
| Mar 31, 2025 | 50.71% |
| Dec 31, 2024 | 51.43% |
| Sep 30, 2024 | 47.44% |
| Jun 30, 2024 | 46.94% |
| Mar 31, 2024 | 43.99% |
| Dec 31, 2023 | 45.10% |
| Sep 30, 2023 | 46.61% |
| Jun 30, 2023 | 47.51% |
| Mar 31, 2023 | 47.74% |
| Dec 31, 2022 | 49.11% |
| Sep 30, 2022 | 51.12% |
| Jun 30, 2022 | 63.94% |
| Mar 31, 2022 | 62.36% |
| Dec 31, 2021 | 54.82% |
| Sep 30, 2021 | 35.63% |