Jun 2026 (Q2 FY26) — Jul 30, 2026
Blue Owl Capital Q2 FY26 — Strong Diversification and Earnings Growth Amidst Market Crosswinds
Read the full callBlue Owl Capital (OWL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Blue Owl Capital earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 753 | +7.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 11.4 | −34.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$8.96 +1.24% · +$0.11
Performance −44.6% 1Y
1Y: $16.18 on 17 Oct 2025 → $8.96. High $17.17 (22 Oct 2025), low $8.23 (10 Apr 2026).
- Previous close
- $8.85
- 52-week range
- $8.23 – $17.17
- One year
- −46.28%
Overview
- Symbol
- OWL
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Blue Owl Capital Q1 FY26 — Strong Fundraising and Resilient Performance Amid Macro Uncertainty
Read the full callEvery analysed call
Blue Owl Capital earnings calls (OWL)
Financials
What the filings say
Net profit, year on year: −35% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 601 | 631 | 683 | 703 | 728 | 756 | 754 | 753 |
| Expenses | 461 | 493 | 606 | 604 | 615 | 589 | 644 | 637 |
| Other income | -28 | -65 | -37 | -15 | -57 | 1 | -14 | -45 |
| Interest | 34 | 33 | 39 | 42 | 42 | 41 | 44 | 48 |
| Profit before tax | 112 | 74 | 40 | 84 | 55 | 168 | 96 | 71 |
| Tax rate | 11.4% | 4.1% | 9.1% | 16.3% | 14.4% | 10.1% | 16.9% | 14.5% |
| Net profit | 30 | 21 | 7 | 17 | 6 | 48 | 16 | 11 |
| EPS ($ per share) | 0.05 | — | 0.01 | 0.03 | 0.01 | — | 0.02 | 0.02 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Reserves | — | -5 | -498 | -689 | -883 | -1,142 | -1,609 |
| Total liabilities | — | 623 | 2,419 | 3,344 | 3,540 | 5,186 | 6,413 |
| Fixed assets | — | 3 | 8 | 71 | 135 | 188 | 219 |
| Total assets | — | 122 | 8,266 | 8,893 | 8,818 | 10,992 | 12,468 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 44 | 5 | 282 | 728 | 949 | 1,000 | 1,256 |
| Cash from investing | -1 | -1 | -1,599 | -485 | -118 | -638 | -271 |
| Cash from financing | -43 | -0 | 1,348 | -218 | -795 | -313 | -943 |
| Net cash flow | -0 | 4 | 31 | 26 | 36 | 48 | 42 |
| Capital expenditure | -1 | -1 | -5 | -66 | -68 | -64 | -58 |
| Free cash flow | 43 | 5 | 276 | 663 | 881 | 935 | 1,198 |
OWL revenue by segment
GP Minority Stakes shrank from 25% to 22% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Management Fees | — | — | — | — | — | — | 88% | 88% | — |
| Direct Lending | 49% | — | 44% | 45% | 48% | 46% | 45% | 44% | +4.5% |
| GP Minority Stakes | 25% | 25% | 22% | 22% | 22% | 21% | 20% | 22% | +5.4% |
| Administrative Service | 13% | 11% | 11% | 11% | 11% | 12% | 13% | 14% | +30.1% |
| Net Lease | 7% | 7% | 7% | 7% | 7% | 8% | 9% | 9% | +38.2% |
| Digital Infrastructure | — | — | 8% | 7% | 4% | 4% | 5% | 5% | -26.9% |
| Alternative Credit | <1% | — | 3% | 3% | 3% | 4% | 4% | 4% | +60.2% |
| Investment Grade Credit | 2% | — | 2% | 2% | 2% | 2% | 2% | 2% | +9.4% |
| Real Estate Credit | 1% | — | 2% | 1% | 1% | 2% | 2% | 2% | +23.4% |
| Other | 1% | — | — | — | — | — | 2% | 1% | — |
| GP Debt Financing | 1% | 1% | <1% | 1% | 1% | 1% | 1% | 1% | -20.3% |
| Liquid Credit | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | -21.4% |
| Professional Sports Minority Stakes | <1% | <1% | <1% | <1% | <1% | <1% | <1% | <1% | +32.0% |
| Management Service Incentive | <1% | 1% | 1% | <1% | <1% | 3% | 1% | <1% | -89.6% |
| Strategic Revenue Share Purchase Consideration Amortization | -2% | -2% | -2% | -2% | -2% | -1% | -1% | -1% | — |
| Fee Offsets | — | — | — | — | — | — | -1% | -1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
52 filings between Nov 6, 2025 and Sep 14, 2026.
Open market
decisions to buy or sellPurchases
$7.14M
11 purchases by 4 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 26
- Award — granted as compensation
- 3
- Tax withheld — shares kept back by the company to cover tax
Also filed: 9 other filings, 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Ostrover Douglas I | $2.38M | — | Dec 2, 2025 |
| LIPSCHULTZ MARC S | $2.38M | — | Dec 2, 2025 |
| Packer Craig | $1.88M | — | Dec 2, 2025 |
| Kirshenbaum Alan | $500.8K | — | Dec 1, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 14, 2026 | Zahr Marc Co-President | Other | 4,550,777 | — |
| Sep 11, 2026 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Gift | 1,000,000 | — |
| Sep 11, 2026 | Kirshenbaum Alan Chief Financial Officer | Gift | 10,000 | — |
| Sep 11, 2026 | Dyal Capital SLP LP 10% owner | Other | 350,000 | — |
| Sep 11, 2026 | Owl Rock Capital Feeder LLC 10% owner | Other | 1,010,000 | — |
| Sep 11, 2026 | Rees Michael Douglass Co-President | Gift | 300,000 | — |
| Sep 1, 2026 | Dyal Capital SLP LP 10% owner | Other | 500,000 | — |
| Aug 6, 2026 | Ostrover Douglas I Co-Chief Executive Officer | Award | 736,464 | $0 |
| Aug 6, 2026 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Award | 736,464 | $0 |
| Aug 6, 2026 | Packer Craig Co-President | Award | 681,229 | $0 |
| Aug 6, 2026 | Rees Michael Douglass Co-President | Award | 1,007,678 | $0 |
| Aug 6, 2026 | Zahr Marc Co-President | Award | 736,464 | $0 |
| Jun 1, 2026 | Dyal Capital SLP LP 10% owner | Other | 1,150,000 | — |
| May 7, 2026 | Bash-Polley Stacy Ellen Director | Award | 20,429 | $0 |
| May 7, 2026 | Zahr Marc Co-President | Award | 788,882 | $0 |
| May 7, 2026 | Holz Claudia A Director | Award | 20,429 | $0 |
| May 7, 2026 | Ostrover Douglas I Co-Chief Executive Officer | Award | 788,882 | $0 |
| May 7, 2026 | Rees Michael Douglass Co-President | Award | 1,072,523 | $0 |
| May 7, 2026 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Award | 788,882 | $0 |
| May 7, 2026 | Packer Craig Co-President | Award | 729,716 | $0 |
| May 7, 2026 | Ugwonali Dana Weeks Director | Award | 20,429 | $0 |
| Mar 17, 2026 | Rees Michael Douglass Co-President | Other | 30,000,000 | — |
| Mar 2, 2026 | Dyal Capital SLP LP 10% owner | Other | 150,000 | — |
| Feb 15, 2026 | Brouse Jennifer Director | Tax withheld | 7,008 | $86.2K |
| Feb 15, 2026 | Polland Andrew Robert Chief Operating Officer | Tax withheld | 38,979 | $479.4K |
| Feb 15, 2026 | Reddy Neena General Counsel and Secretary | Tax withheld | 20,779 | $255.6K |
| Feb 12, 2026 | Zahr Marc Co-President | Award | 878,709 | $0 |
| Feb 12, 2026 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Award | 878,709 | $0 |
| Feb 12, 2026 | Rees Michael Douglass Co-President | Award | 305,791 | $0 |
| Feb 12, 2026 | Packer Craig Co-President | Award | 813,484 | $0 |
| Feb 12, 2026 | Ostrover Douglas I Co-Chief Executive Officer | Award | 878,709 | $0 |
| Dec 10, 2025 | Zahr Marc Co-President | Other | 40,956,995 | — |
| Dec 9, 2025 | Reddy Neena General Counsel and Secretary | Award | 145,768 | $0 |
| Dec 9, 2025 | Polland Andrew Robert Chief Operating Officer | Award | 192,790 | $0 |
| Dec 9, 2025 | Brouse Jennifer Director | Award | 146,617 | $0 |
| Dec 9, 2025 | Brouse Jennifer Director | Award | 29,649 | $0 |
| Dec 2, 2025 | Ostrover Douglas I Co-Chief Executive Officer | Purchase | 139,327 | $2.10M |
| Dec 2, 2025 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Purchase | 69,663 | $1.05M |
| Dec 2, 2025 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Purchase | 69,663 | $1.05M |
| Dec 2, 2025 | Packer Craig Co-President | Purchase | 27,336 | $411.7K |
| Dec 2, 2025 | Packer Craig Co-President | Purchase | 82,891 | $1.25M |
| Dec 1, 2025 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Purchase | 9,337 | $140.6K |
| Dec 1, 2025 | Packer Craig Co-President | Purchase | 3,664 | $55.2K |
| Dec 1, 2025 | Ostrover Douglas I Co-Chief Executive Officer | Purchase | 18,673 | $281.1K |
| Dec 1, 2025 | Packer Craig Co-President | Purchase | 11,109 | $167.3K |
| Dec 1, 2025 | Kirshenbaum Alan Chief Financial Officer | Purchase | 33,670 | $500.8K |
| Dec 1, 2025 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Purchase | 9,337 | $140.6K |
| Dec 1, 2025 | Dyal Capital SLP LP 10% owner | Other | 250,000 | — |
| Nov 6, 2025 | LIPSCHULTZ MARC S Co-Chief Executive Officer | Award | 470,739 | $0 |
| Nov 6, 2025 | Packer Craig Co-President | Award | 435,433 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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