Friday 6 November 2026 Export OWL’s income statement to Excel — free account

Blue Owl Capital Inc.

Blue Owl Capital Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 25.0% from fiscal 2024.

Revenue: +10.8%
EPS: +200.0%
Free cash flow: +42.4%
Total debt: +12.5%

Quarter to September 2026, against a year earlier

9.96 0.69 −6.48%

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Market cap: $15.5B
P/E: 71.1×
Fwd P/E: 35.0×
Dividend yield: 9.14%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Blue Owl Capital Inc. (OWL) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Total Management and Other Fees, Net	2,522	87.87%
Administrative, transaction and other fees	321	11.20%
Performance revenues	27	0.93%
Gross margin		100.00%
Operating margin		15.90%
Pre-tax margin		12.12%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021
Total Management and Other Fees, Net	2,522 87.87%	1,994 86.87%	1,527 88.20%	1,212 88.46%	668 81.07%
Administrative, transaction and other fees	321 11.20%	294 12.82%	201 11.59%	146 10.65%	150 18.21%
Performance revenues	27 0.93%	7 0.31%	4 0.21%	12 0.89%	6 0.72%
Revenue	2,870	2,295	1,732	1,370	824

Revenue by segment $m

Line	FY2023	FY2022	FY2021	FY2020	FY2019
Credit Platform	1,056 60.97%	752 54.90%	571 69.31%	250 100.00%	191 100.00%
GP Strategic Capital Platform	537 31.00%	518 37.85%	253 30.69%	0 0.00%	0 0.00%
Real Estate Platform	139 8.03%	99 7.25%	0 0.00%	0 0.00%	—
Revenue	1,732	1,370	824	250	191

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Assets under management	Q3 FY2026	$330.0B	$295.0B	+11.86%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.