Blue Owl Capital OWL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Administrative, transaction and other fees | $56.64M-35.3% | $87.58M+6.6% | $82.15M+4.3% | $78.76M+52.6% | $51.61M-25.9% | |
| Alternative credit | $30.37M+0.7% | $30.15M+52.6% | $19.76M+2.3% | $19.32M-8.8% | $21.19M+10.6% | |
| Digital infrastructure | $34.81M+3.2% | $33.73M+10.9% | $30.42M-36.9% | $48.23M-7.7% | $52.23M— | |
| Direct lending | $337.47M-2.5% | $346.27M-0.5% | $348.06M+10.6% | $314.73M+5.2% | $299.09M-1.3% | |
| Fee offsets | -$7.36M— | —— | —— | —— | $0— | |
| GP debt financing | $4.8M+0.1% | $4.79M+6.5% | $4.5M-22.8% | $5.83M+144% | $2.39M-56.0% | |
| GP minority stakes | $150.34M-3.0% | $154.98M-1.6% | $157.49M+2.1% | $154.27M+3.9% | $148.44M-5.7% | |
| Investment grade credit | $17.8M+4.1% | $17.1M-3.0% | $17.62M+8.8% | $16.2M-2.9% | $16.69M+14.0% | |
| Liquid credit | $4.75M+0.1% | $4.75M-11.5% | $5.36M-3.5% | $5.56M-25.7% | $7.48M+15.7% | |
| Net lease | $65.38M+15.1% | $56.79M+11.4% | $50.96M+7.3% | $47.51M+1.4% | $46.84M+3.7% | |
| Other | $16.06M+77.9% | $9.03M-16.4% | $10.81M-11.5% | $12.21M+23.0% | $9.93M+41.8% | |
| Performance revenues | $6.07M-68.6% | $19.29M+10,162% | $188K-80.8% | $979K-84.5% | $6.31M+37.7% | |
| Professional sports minority stakes | $1.17M-12.4% | $1.33M+5.0% | $1.27M+34.6% | $941K+46.3% | $643K-4.6% | |
| Real estate credit | $11.94M+1.5% | $11.76M+12.4% | $10.46M+8.0% | $9.69M-6.7% | $10.38M+11.1% | |
| Strategic Revenue-Share Purchase consideration amortization | -$11.04M0.0% | -$11.04M0.0% | -$11.04M+0.7% | -$11.12M0.0% | -$11.12M0.0% | |
| Contract with Customer, Asset, after Allowance for Credit Loss by Product | ||||||
| Administrative, transaction and other fees | $97.65M-12.6% | $111.69M+17.7% | $94.91M+15.8% | $81.97M+23.4% | $66.43M-2.2% | |
| Performance revenues | $26K-98.1% | $1.38M+612% | $194K-42.1% | $335K-85.6% | $2.32M+38.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Blue Owl Capital break its business down?
- Blue Owl Capital (OWL) reports revenue by product across 16 parts — Administrative, transaction and other fees, Alternative credit, Amortization of deferred incentives paid to customers, Digital infrastructure and Direct lending. Each is extracted from the segment footnotes and tracked over time.
- Where does Blue Owl Capital's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Blue Owl Capital's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
