Blue Owl Reports $806.53 Million in Revenue and Earnings per Share Above Estimates in Third Quarter
Key Facts
Blue Owl Capital Inc. announced on October 29 results for the third quarter ended September 30, 2026, reporting revenue of $806.53 million, compared with a consensus estimate of $698.07 million. Earnings per share were $0.24, exceeding analysts’ estimate of $0.23. These figures combine a revenue and earnings-per-share beat in the same period. The company said its assets under management totaled $330 billion as of September 30. The results came alongside the announcement of a new quarterly distribution on Class A shares.
Blue Owl said the $330 billion in assets under management is spread across three multi-strategy platforms: credit, real assets, and strategic capital for investment managers. The figure shows the scale of funds the company managed at quarter-end, while revenue and earnings per share reflect the reported financial period. Management said it had raised "nearly $50 billion over the past twelve months." It said the third quarter set a record for institutional fundraising. The company focused on income-oriented returns while emphasizing downside protection in markets it described as volatile and uncertain.
Commenting on the results, Evercore described the outcome as "moderately positive," noting that the key figures exceeded expectations. But it linked growth in recurring fees to strategy deployment and fundraising through wealth-management channels. This assessment places capital raising and strategy deployment among the factors relevant to the trajectory of recurring fees, alongside the reported quarterly figures. The comment did not provide a new figure for those fees or a quantitative estimate of the impact of deployment. The available statement also did not include a direct comparison between third-quarter 2026 revenue and the same period a year earlier.
The available annual comparison is on a different basis from quarterly revenue: in the third quarter of 2025, the company reported fee-related earnings of $376.175 million and distributable earnings of $341.002 million. The co-chief executives at the time also said new capital commitments totaled $14 billion that quarter, and total capital raised over the preceding twelve months reached $57 billion. These figures relate to the third quarter of 2025 and do not represent current-quarter revenue. For the more recent period, management said it had raised nearly $50 billion over the twelve months through the results announcement. These indicators cover different measures, from fee-related and distributable earnings to capital commitments and fundraising.
Blue Owl announced a quarterly distribution of $0.23 per Class A share, payable on November 23, 2026, to shareholders of record at the close of business on November 10. A call for investors to discuss third-quarter results was also scheduled for October 29, 2026, at 10 a.m. Eastern Time. The call is the next scheduled opportunity to discuss the results with investors, while the record date determines shareholders’ eligibility for the announced distribution. The results are for Blue Owl Capital Inc., whose ticker is OWL. The price data in the previous draft concerned Blue Owl Capital Corporation, ticker OBDC, and therefore do not establish the share price or trading range of the company covered in this report.