What is Blue Owl Capital's management fees — revenue?

Blue Owl Capital (OWL) reported management fees — revenue of $406.46M in Q1 2026.

What does management fees — revenue mean?

This metric represents the recurring revenue generated from managing client capital across credit, GP strategic capital, and real estate investment platforms. These fees are typically calculated as a percentage of assets under management or committed capital and serve as a primary indicator of the firm's stable, fee-based earnings stream. It reflects the scale and growth of the firm's permanent capital base and its ability to attract and retain institutional and private wealth assets.

Blue Owl Capital OWL Management fees — Revenue

Other product segments

Direct lending

$337.47M+12.8%

GP minority stakes

$150.34M+1.3%

Net lease

$65.38M+39.6%

Administrative, transaction and other fees

$56.64M+9.7%

Digital infrastructure

$34.81M-33.4%

Alternative credit

$30.37M+43.4%

Investment grade credit

$17.8M+6.7%

Other

$16.06M+61.7%

Real estate credit

$11.94M+15.0%

Strategic Revenue-Share Purchase consideration amortization

-$11.04M+0.6%

Amortization of deferred incentives paid to customers

-$9.81M—

Fee offsets

-$7.36M—

Performance revenues

$6.07M-3.9%

GP debt financing

$4.8M+101%

Liquid credit

$4.75M-36.5%

Professional sports minority stakes

$1.17M+81.2%

Similar metrics at other companies

APOManagement fees — Revenue

$696M+37.0%

LENManagement Fee — Revenue

$2.84M-59.0%

KKRManagement Fees — Fee Related Revenue

$1.38B+27.1%

RITMManagement fees — Revenue

$90.93M+54.2%

ARESManagement fees — Total revenues

$1.01B+22.3%

PSManagement Fees — Management Fees Gross

$57.38M+9.9%

Other financials

Income statement

See full

Revenue$753.8M+10.3%

Net income$15.5M+109%

EPS (diluted)$0.02—

Balance sheet

See full

Cash & equivalents$190.5M+95.1%

Total debt$4.4B+21.0%

Total equity$2.1B-10.1%

Total assets$12.4B+1.0%

Cash flow

See full

Operating cash flow$102.8M+485%

CapEx$13.8M+3.6%

Free cash flow$89.0M+1,996%

Valuation

See full

Market cap$6.44B-50.4%

Enterprise value$10.61B-35.0%

P/E74.1×-67.1×

P/S2.2×-3.1×

Profitability

See full

Net margin3%-0.8pp

FCF margin43.6%+7.2pp

Returns & leverage

See full

Return on equity3.9%-0.7pp

Debt / equity2.1×+0.5×

Current ratio11.8×—

Where this comes from

Reported directly by Blue Owl Capital in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Blue Owl Capital’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blue Owl Capital's management fees — revenue?: Blue Owl Capital (OWL) reported management fees — revenue of $406.46M in Q1 2026.
What does management fees — revenue mean?: This metric represents the recurring revenue generated from managing client capital across credit, GP strategic capital, and real estate investment platforms. These fees are typically calculated as a percentage of assets under management or committed capital and serve as a primary indicator of the firm's stable, fee-based earnings stream. It reflects the scale and growth of the firm's permanent capital base and its ability to attract and retain institutional and private wealth assets.