Oaktree Specialty Lending Corporation (OCSL) Revenue History
Annual and quarterly revenue from 2008 to present
OCSL Revenue Over Time (2008–2025)
OCSL Revenue Growth History
10 of 17 years with positive growth- FY2008 revenue growth
- N/A
- FY2009 revenue growth
- +7.6%
- FY2010 revenue growth
- -21.8%
- FY2011 revenue growth
- +34.6%
- FY2012 revenue growth
- +138.5%
- FY2013 revenue growth
- +27.0%
- FY2014 revenue growth
- +12.7%
- FY2015 revenue growth
- -76.8%
- FY2016 revenue growth
- -249.9%
- FY2017 revenue growth
- -321.2%
- FY2018 revenue growth
- +131.2%
- FY2019 revenue growth
- +121.8%
- FY2020 revenue growth
- -58.8%
- FY2021 revenue growth
- +374.6%
- FY2022 revenue growth
- -84.2%
- FY2023 revenue growth
- +220.1%
- FY2024 revenue growth
- -54.0%
- FY2025 revenue growth
- +420.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $37.5M | +3.0% |
| Q2 2026 | $56.8M | +241.3% |
| Q1 2026 | $49.8M | +1503.7% |
| Q4 2025 | $58.2M | +59.7% |
| Q3 2025 | $36.4M | +4046.6% |
| Q2 2025 | $-40,189,000 | -492.6% |
| Q1 2025 | $3.1M | -73.8% |
| Q4 2024 | $36.5M | -25.6% |
Multi-year avg. share of annual revenue by fiscal quarter
OCSL Revenue Analysis (2008–2025)
Current Revenue & Growth
As of November 7, 2026, Oaktree Specialty Lending Corporation (OCSL) generated trailing twelve-month (TTM) revenue of $202.3 million, reflecting modest growth of +3.0% year-over-year. The most recent quarter (Q3 2026) recorded $37.5 million in revenue, down 34.0% sequentially.
Historical Growth Trajectory
OCSL's 5-year compound annual growth rate (CAGR) stands at +41.8%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +97.1% exceeds the 5-year average, indicating an acceleration in the most recent period. Oaktree Specialty Lending Corporation's highest annual revenue of $299.7 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Financial Services sector peers — including ARCC (+3.7% YoY), FSCO, and GBDC (-15.9% YoY) — OCSL has underperformed the peer group in revenue growth. Compare OCSL vs ARCC →
OCSL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OCSLCurrent | $202M | +3.0% | +41.8% | 50.4% | |
 ARCC | $1.5B | +3.7% | +22.7% | 92.8% | |
 FSCO | $164M | - | - | 94.0% | |
 GBDC | $590M | -15.9% | +54.6% | 116.5% | |
 TPVG | $71M | -16.0% | +9.6% | 107.1% | |
 CGBD | $110M | +64.6% | +45.0% | 155.4% |
OCSL Historical Revenue Data (2008–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $299.7M | +420.2% | $261.4M | 87.2% | $151.0M | 50.4% |
| 2024 | $57.6M | -54.0% | $57.6M | 100.0% | $57.8M | 100.3% |
| 2023 | $125.2M | +220.1% | $125.2M | 100.0% | $119.1M | 95.1% |
| 2022 | $39.1M | -84.2% | $39.1M | 100.0% | $32.9M | 84.0% |
| 2021 | $248.3M | +374.6% | $248.3M | 100.0% | $240.8M | 97.0% |
| 2020 | $52.3M | -58.8% | $52.3M | 100.0% | $37.5M | 71.6% |
| 2019 | $127.1M | +121.8% | $127.1M | 100.0% | $127.2M | 100.0% |
| 2018 | $57.3M | +131.2% | $57.3M | 100.0% | $47.4M | 82.7% |
| 2017 | $-183,674,000 | -321.2% | $-183,674,000 | 100.0% | $-196,969,000 | 107.2% |
| 2016 | $-43,606,000 | -249.9% | $-43,606,000 | 100.0% | $-66,556,000 | 152.6% |
| 2015 | $29.1M | -76.8% | $29.1M | 100.0% | $15.4M | 52.9% |
| 2014 | $125.2M | +12.7% | $125.2M | 100.0% | $112.5M | 89.9% |
| 2013 | $111.1M | +27.0% | $111.1M | 100.0% | $101.8M | 91.6% |
| 2012 | $87.5M | +138.5% | $87.5M | 100.0% | $79.4M | 90.8% |
| 2011 | $36.7M | +34.6% | $36.7M | 100.0% | $30.2M | 82.4% |
OCSL Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
18+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
OCSL — Frequently Asked Questions
Quick answers to the most common questions about buying OCSL stock.
Is OCSL's revenue growth accelerating or slowing?
OCSL revenue growth is slowing. TTM revenue is $202M, up +3.0% year-over-year — below the 5-year CAGR of +41.8%. The deceleration suggests maturing end-markets or increased competition.
What is OCSL's revenue history from 2008 to 2026?
Oaktree Specialty Lending Corporation (OCSL) revenue history spans 2008 to 2026. TTM revenue as of 2026 is $202M, growing at +3.0% YoY. The 5-year CAGR is +41.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is OCSL's long-term revenue growth rate (CAGR)?
Oaktree Specialty Lending Corporation's 5-year revenue CAGR of +41.8% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +3.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for OCSL.
Why does OCSL's quarterly revenue fluctuate?
OCSL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Oaktree Specialty Lending Corporation's revenue data from 2008 to 2026 shows full historical quarterly detail on this page.
How is OCSL's revenue distributed by segment?
OCSL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does OCSL's revenue compare to industry peers?
Oaktree Specialty Lending Corporation (OCSL) with TTM revenue of $202M and +3.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.