Blue Owl Capital Inc. (OWL) Revenue History
Annual and quarterly revenue from 2019 to present
OWL Revenue Over Time (2019–2025)
OWL Revenue Growth History
6 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +30.9%
- FY2021 revenue growth
- +229.8%
- FY2022 revenue growth
- +66.3%
- FY2023 revenue growth
- +26.4%
- FY2024 revenue growth
- +32.6%
- FY2025 revenue growth
- +25.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $753.8M | — |
| Q4 2025 | $755.6M | — |
| Q3 2025 | $728.0M | — |
| Q2 2025 | $703.1M | — |
| Q1 2025 | $683.5M | — |
| Q4 2024 | $631.4M | — |
| Q3 2024 | $600.9M | — |
| Q2 2024 | $549.8M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
OWL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
OWL Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 23, 2026, Blue Owl Capital Inc. (OWL) generated trailing twelve-month (TTM) revenue of $2.94 billion, reflecting strong growth of +10.3% year-over-year. The most recent quarter (Q1 2026) recorded $753.8 million in revenue, down 0.2% sequentially.
Historical Growth Trajectory
OWL's 5-year compound annual growth rate (CAGR) stands at +63.0%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +28.0% is below the 5-year average, signalling a growth deceleration in recent years. Blue Owl Capital Inc.'s highest annual revenue of $2.87 billion was recorded in 2025, an all-time high.
Revenue by Segment
OWL's revenue is primarily driven by Asset Management (81%), Administrative Service (12%), and Net Lease (7%). With over half of revenue concentrated in Asset Management, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including APO, ARES, and KKR. Compare OWL vs APO →
OWL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OWLCurrent | $2.9B | +10.3% | +63.0% | 21.9% | |
 APO | $30.3B | - | - | 34.4% | |
 ARES | $6.5B | - | - | 27.2% | |
 KKR | $19.3B | - | - | 2.4% | |
 CG | $4.9B | - | - | 26.2% | |
 BX | $13.8B | - | - | 51.9% |
OWL Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.87B | - | $1.59B | 55.4% | $627.2M | 21.9% |
| 2024 | $2.30B | - | $1.28B | 55.7% | $606.8M | 26.4% |
| 2023 | $1.73B | - | $861.0M | 49.7% | $317.8M | 18.4% |
| 2022 | $1.37B | - | $475.0M | 34.7% | $-2,483,000 | -0.2% |
| 2021 | $823.9M | - | $-673,110,000 | -81.7% | $-927,267,000 | -112.5% |
| 2020 | $249.8M | - | $9.1M | 3.6% | $-58,727,000 | -23.5% |
| 2019 | $190.8M | - | $79.1M | 41.4% | $27.4M | 14.3% |
Full Stock Analysis
Deep dive into OWL consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
OWL — Frequently Asked Questions
Quick answers to the most common questions about buying OWL stock.
Is OWL's revenue growth accelerating or slowing?
OWL revenue growth is holding steady at +10.3% year-over-year. TTM revenue is $2.9B. The current growth rate closely tracks the 5-year CAGR of +63.0%, signalling consistent execution.
What is OWL's revenue history from 2019 to 2026?
Blue Owl Capital Inc. (OWL) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $2.9B, growing at +10.3% YoY. The 5-year CAGR is +63.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is OWL's long-term revenue growth rate (CAGR)?
Blue Owl Capital Inc.'s 5-year revenue CAGR of +63.0% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +10.3% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for OWL.
Why does OWL's quarterly revenue fluctuate?
OWL 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. Blue Owl Capital Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is OWL's revenue distributed by segment?
OWL 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 OWL's revenue compare to industry peers?
Blue Owl Capital Inc. (OWL) with TTM revenue of $2.9B and +10.3% 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.