Blue Owl Capital OWL
NYSE OWL
$10.87 -0.35 (-3.12%)
As of: Sep 9, 2026 · 3:59 PM EDT

Blue Owl Capital (OWL) Operating Expenses (2020 - 2026)

Blue Owl Capital (OWL) posted Operating Expenses of $636.6 million for Q2 2026, down 1.19% on a QoQ basis from $644.3 million in Q1 2026, and up 5.43% year-over-year from $603.8 million in Q2 2025.

Analysis

Blue Owl Capital (OWL) Operating Expenses (2020 - 2026) Analysis & Trends

Blue Owl Capital has reported Operating Expenses for 7 years, with the latest figure at $636.6 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 5.43% year-over-year to $636.6 million in Q2 2026; TTM through Jun 2026 was $2.5 billion, a 14.85% increase from a year earlier, with the FY2025 full-year figure at $2.4 billion, up 42.95% from the prior year.
  • Operating Expenses was $636.6 million for Q2 2026 at Blue Owl Capital, down from $644.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $644.3 million in Q1 2026, with the low at $298.7 million in Q1 2022.
  • Average Operating Expenses over 5 years is $453.9 million, with a median of $377.3 million recorded in 2023.
  • The largest YoY upside for Operating Expenses was 375.32% in 2022 against a maximum downside of 73.93% in 2022.
  • Over 5 years, Operating Expenses stood at $367.5 million in 2022, then increased by 2.65% to $377.3 million in 2023, then surged by 30.55% to $492.5 million in 2024, then advanced by 19.5% to $588.6 million in 2025, then advanced by 8.16% to $636.6 million in 2026.
  • The last three Operating Expenses figures came in at $636.6 million (Q2 2026), $644.3 million (Q1 2026), and $588.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Blackstone 103.57 Bn 101.06 Bn - 2.38 Bn
2 Kkr 93.46 Bn -183.61 Bn - 5.41 Bn
3 Apollo Global Management 77.60 Bn 52.22 Bn 10.54 Bn 8.74 Bn
4 Brookfield Asset Management 76.45 Bn 74.94 Bn - 659.00 Mn
5 Wheaton Precious Metals 71.34 Bn 71.24 Bn 687.86 Mn 133.83 Mn
6 Franco Nevada 51.21 Bn 49.67 Bn 451.00 Mn 5.30 Mn
7 Brookfield 37.98 Bn 7.42 Bn 19.38 Bn -14.94 Bn
8 Ares Management 30.49 Bn 30.49 Bn - 1.18 Bn
9 Carlyle 15.82 Bn 14.57 Bn - 875.90 Mn
10 Blue Owl Capital 7.49 Bn 7.32 Bn - 636.64 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 636.64 Mn
Mar 31, 2026 644.32 Mn
Dec 31, 2025 588.60 Mn
Sep 30, 2025 615.31 Mn
Jun 30, 2025 603.82 Mn
Mar 31, 2025 606.19 Mn
Dec 31, 2024 492.53 Mn
Sep 30, 2024 461.11 Mn
Jun 30, 2024 377.30 Mn
Mar 31, 2024 357.73 Mn
Dec 31, 2023 377.28 Mn
Sep 30, 2023 336.19 Mn
Jun 30, 2023 375.68 Mn
Mar 31, 2023 324.64 Mn
Dec 31, 2022 367.55 Mn
Sep 30, 2022 368.55 Mn
Jun 30, 2022 337.39 Mn
Mar 31, 2022 298.71 Mn
Dec 31, 2021 222.34 Mn
Sep 30, 2021 171.54 Mn