Blue Owl Capital OWL Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Administrative, transaction and other fees | $305.12M+1.7% | $300.09M+6.3% | $282.19M+1.8% | $277.33M-1.8% | $282.48M-4.0% | |
| Alternative credit | $99.59M+10.2% | $90.41M+13.8% | $79.42M+31.6% | $60.34M+47.1% | $41.02M+107% | |
| Digital infrastructure | $147.18M-10.6% | $164.6M+25.8% | $130.87M+30.3% | $100.46M+92.3% | $52.23M— | |
| Direct lending | $1.35B+2.9% | $1.31B+3.4% | $1.26B+4.2% | $1.21B+3.4% | $1.17B+3.6% | |
| GP debt financing | $19.92M+13.7% | $17.52M-3.5% | $18.16M-8.2% | $19.78M+0.8% | $19.62M-13.3% | |
| GP minority stakes | $617.08M+0.3% | $615.18M-0.4% | $617.54M+0.8% | $612.68M+2.5% | $597.9M+1.5% | |
| Investment grade credit | $68.72M+1.7% | $67.61M+3.8% | $65.14M+7.2% | $60.78M+36.3% | $44.58M+59.8% | |
| Liquid credit | $20.42M-11.8% | $23.14M-6.9% | $24.86M-8.8% | $27.25M-4.2% | $28.43M+2.5% | |
| Net lease | $220.65M+9.2% | $202.11M+6.1% | $190.47M+5.4% | $180.75M+3.8% | $174.09M+3.3% | |
| Other | $48.11M+14.6% | $41.98M+5.1% | $39.96M+11.9% | $35.71M+19.7% | $29.82M+15.5% | |
| Performance revenues | $26.53M-0.9% | $26.77M+122% | $12.06M-0.8% | $12.15M+7.0% | $11.36M+60.1% | |
| Professional sports minority stakes | $4.7M+12.5% | $4.18M+18.6% | $3.53M+16.9% | $3.02M+7.4% | $2.81M-17.3% | |
| Real estate credit | $43.85M+3.7% | $42.29M+6.1% | $39.88M+5.3% | $37.87M+28.2% | $29.54M+54.2% | |
| Strategic Revenue-Share Purchase consideration amortization | -$44.25M+0.2% | -$44.32M+0.2% | -$44.39M+0.2% | -$44.47M-1.0% | -$44.01M-1.0% | |
| Contract with Customer, Asset, after Allowance for Credit Loss by Product | ||||||
| Administrative, transaction and other fees | $386.22M+8.8% | $355M+14.1% | $311.23M+6.2% | $293.16M+10.5% | $265.28M+10.2% | |
| Performance revenues | $1.94M-54.3% | $4.23M-6.4% | $4.52M-0.7% | $4.56M+4.3% | $4.37M+35.2% |
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.
