Blue Owl Capital annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Blue Owl Capital Operating Expenses Growth & History (OWL)
Blue Owl Capital's operating expenses was $2.41B for fiscal 2025.
View full Blue Owl Capital company overviewBlue Owl Capital annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.41B | $725.3M | +42.95% |
| 2024 | 2024-12-31 | $1.69B | $274.9M | +19.44% |
| 2023 | 2023-12-31 | $1.41B | $41.6M | +3.03% |
| 2022 | 2022-12-31 | $1.37B | −$378.9M | −21.64% |
| 2021 | 2021-12-31 | $1.75B | $1.44B | +467.55% |
| 2020 | 2020-12-31 | $308.5M | $145.1M | +88.73% |
| 2019 | 2019-12-31 | $163.5M | — | — |
Blue Owl Capital quarterly operating expenses
Q2.20
Q3.20
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $636.6M | $32.8M | +5.43% |
| Q1 2026 | 2026-03-31 | $644.3M | $38.1M | +6.29% |
| Q4 2025 | 2025-12-31 | $588.6M | $96.1M | +19.50% |
| Q3 2025 | 2025-09-30 | $615.3M | $154.2M | +33.44% |
| Q2 2025 | 2025-06-30 | $603.8M | $226.5M | +60.04% |
| Q1 2025 | 2025-03-31 | $606.2M | $248.5M | +69.45% |
| Q4 2024 | 2024-12-31 | $492.5M | $115.2M | +30.55% |
| Q3 2024 | 2024-09-30 | $461.1M | $124.9M | +37.16% |
| Q2 2024 | 2024-06-30 | $377.3M | $1.6M | +0.43% |
| Q1 2024 | 2024-03-31 | $357.7M | $33.1M | +10.19% |
| Q4 2023 | 2023-12-31 | $377.3M | $9.7M | +2.65% |
| Q3 2023 | 2023-09-30 | $336.2M | −$32.4M | −8.78% |
| Q2 2023 | 2023-06-30 | $375.7M | $38.3M | +11.35% |
| Q1 2023 | 2023-03-31 | $324.6M | $25.9M | +8.68% |
| Q4 2022 | 2022-12-31 | $367.5M | — | — |
| Q3 2022 | 2022-09-30 | $368.6M | $197.0M | +114.85% |
| Q2 2022 | 2022-06-30 | $337.4M | −$957.0M | −73.93% |
| Q1 2022 | 2022-03-31 | $298.7M | — | — |
| Q3 2021 | 2021-09-30 | $171.5M | $113.7M | +196.49% |
| Q2 2021 | 2021-06-30 | $1.29B | $1.25B | +2604.37% |
| Q3 2020 | 2020-09-30 | $57.9M | — | — |
| Q2 2020 | 2020-06-30 | $47.9M | — | — |
Blue Owl Capital operating expenses trends
Over the last five fiscal years, Blue Owl Capital's operating expenses increased from $308.5M to $2.41B, a change of $2.11B. The latest reported quarter, Q2 2026, shows $636.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Blue Owl Capital source filings ↗