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

Blue Owl Capital has reported Operating Expenses for 7 years, with the latest figure at $644.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 6.29% year-over-year to $644.3 million; the trailing twelve-month figure through Mar 2026 stood at $2.5 billion (up 26.58% YoY), and the FY2025 full-year result was $2.4 billion, up 42.95% from the prior year.
• Operating Expenses for Q1 2026 stood at $644.3 million, up from $588.6 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 $443.1 million, with a median of $377.3 million recorded in 2023.
• Peak annual rise in Operating Expenses reached 375.32% in 2022, while the deepest fall reached 73.93% in 2022.
• Tracing OWL's Operating Expenses over 5 years: 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 grew by 9.47% to $644.3 million in 2026.
• The last three Operating Expenses figures came in at $644.3 million (Q1 2026), $588.6 million (Q4 2025), and $615.3 million (Q3 2025), per Business Quant data.

Peer Comparison