Filing Flows › Blue Owl Capital (OWL) › Operating margin
Blue Owl Capital (OWL) operating margin by quarter
Blue Owl Capital's operating margin was 18.3% in Q3 2026 (third quarter 2026), +2.9 pts from Q2 2026. Over the last 7 quarters it ranged from 11.3% (Q1 2025) to 22.1% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 18.3% | +2.9 pts | +2.8 pts |
| Q2 2026 | 15.5% | +0.9 pts | +1.3 pts |
| Q1 2026 | 14.5% | -7.6 pts | +3.2 pts |
| Q4 2025 | 22.1% | +6.6 pts | — |
| Q3 2025 | 15.5% | +1.4 pts | — |
| Q2 2025 | 14.1% | +2.8 pts | — |
| Q1 2025 | 11.3% | — | — |
Q3 2026 at a glance
Blue Owl Capital, Q3 2026: revenue $807M (+11% year over year), operating margin 18.3%, net earnings $20.0M, operating cash flow $609M. The chart follows the revenue to costs, profit and cash.
Questions
What is Blue Owl Capital's operating margin?
Blue Owl Capital's operating margin was 18.3% in Q3 2026 (third quarter 2026), +2.9 pts from Q2 2026.
How has Blue Owl Capital's operating margin changed?
Over the last 7 quarters it ranged from 11.3% (Q1 2025) to 22.1% (Q4 2025).