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+9.7% | $87.58M+25.7% | $82.15M+6.3% | $78.76M-6.1% | $51.61M-18.6% | |
| Alternative credit | $30.37M+43.4% | $30.15M+57.3% | $19.76M+2,844% | $19.32M— | $21.19M— | |
| Digital infrastructure | $34.81M-33.4% | $33.73M— | $30.42M— | $48.23M— | $52.23M— | |
| Direct lending | $337.47M+12.8% | $346.27M+14.3% | $348.06M+17.2% | $314.73M+14.3% | $299.09M+15.9% | |
| Fee offsets | -$7.36M— | —— | —— | —— | $0— | |
| GP debt financing | $4.8M+101% | $4.79M-11.8% | $4.5M-26.5% | $5.83M+2.8% | $2.39M-55.7% | |
| GP minority stakes | $150.34M+1.3% | $154.98M-1.5% | $157.49M+3.2% | $154.27M+10.6% | $148.44M+6.2% | |
| Investment grade credit | $17.8M+6.7% | $17.1M+16.9% | $17.62M+32.9% | $16.2M— | $16.69M— | |
| Liquid credit | $4.75M-36.5% | $4.75M-26.6% | $5.36M-30.8% | $5.56M-17.5% | $7.48M+10.0% | |
| Net lease | $65.38M+39.6% | $56.79M+25.8% | $50.96M+23.6% | $47.51M+16.3% | $46.84M+13.3% | |
| Other | $16.06M+61.7% | $9.03M+28.9% | $10.81M+64.8% | $12.21M+93.0% | $9.93M+67.6% | |
| Performance revenues | $6.07M-3.9% | $19.29M+321% | $188K-32.9% | $979K+421% | $6.31M+209% | |
| Professional sports minority stakes | $1.17M+81.2% | $1.33M+97.3% | $1.27M+67.4% | $941K+28.6% | $643K-47.8% | |
| Real estate credit | $11.94M+15.0% | $11.76M+25.8% | $10.46M+23.7% | $9.69M+614% | $10.38M— | |
| Strategic Revenue-Share Purchase consideration amortization | -$11.04M+0.6% | -$11.04M+0.7% | -$11.04M+0.6% | -$11.12M-4.3% | -$11.12M-4.3% | |
| Contract with Customer, Asset, after Allowance for Credit Loss by Product | ||||||
| Administrative, transaction and other fees | $97.65M+47.0% | $111.69M+64.4% | $94.91M+23.5% | $81.97M+51.5% | $66.43M+58.9% | |
| Performance revenues | $26K-98.9% | $1.38M-17.4% | $194K-14.9% | $335K+126% | $2.32M+96.2% |
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.
