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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |