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

Screener

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%

APA

APAMManagement fees — Revenue

$302.81M+9.3%

LAZManagement Fees — Revenue

$329.63M+21.9%

RITMManagement fees — Revenue

$90.93M+54.2%

MKLManagement Fees — Revenue

$37.66M+27.3%

KKRManagement Fees — Revenue

$829.52M+39.9%

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$7.81B-38.6%

Enterprise value$11.97B-26.3%

P/E89.8×-79.0×

P/S2.7×-2.2×

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 source filing: Blue Owl Capital’s 10-Q, filed May 1, 2026.

Filed: May 1, 2026, 4:39 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001823945-26-000026

(dollars in thousands)	Three Months Ended March 31, 2026	2025
Investment grade credit	17,803	16,687
Liquid credit	4,752	7,480
Other	16,062	9,933
Management Fees	406,455	354,374
Administrative, transaction and other fees	56,636	51,610
Fee offsets(1)	(7,356)	—
Total Management and Other Fees, Net	455,735	405,984
Performance revenues	2,115	2,956

Item 6. Exhibits

FAQ

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.