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Blue Owl Capital (OWL)
NYSE:OWL
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.17Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and performance picture: record fundraising, higher AUM, above‑guide FRE margins, double‑digit FRE per share growth, and strong strategy-level returns across net lease, digital infrastructure, direct lending and alternative credit. Near-term headwinds include elevated redemptions in specific non-traded BDC products, a high 2025 dividend payout ratio that management plans to reduce, being behind multi‑year Investor Day targets after year one, and market sentiment risk around AI/software despite limited exposure (8% of AUM) and healthy credit metrics. On balance, the substantive positive metrics, diversified fundraising and robust investment performance materially outweigh the identified near‑term risks.Company Guidance
Record Fundraising and AUM Milestones
Total capital raised $56.0B in 2025 (≈+18% YoY), including >$17B in Q4; firm crossed $300B AUM during Q4.
Strong Equity Fundraising Growth
Equity fundraising $42.0B in 2025 (>+50% YoY); institutional equity was a record $25.0B (+80% YoY, ~60% of total equity); private wealth raised ~$17B for the year (≈$5B in Q4).
Fee-Related and Distributable Earnings
Q4 FRE $0.27/share and DE $0.24/share; FY2025 FRE $0.96/share and DE $0.84/share; declared Q4 dividend $0.25/share and announced 2026 annual fixed dividend $0.92/share ($0.23/quarter).
High FRE Margins and FRE Per Share Growth
FRE margin finished 2025 at 58.3% (slightly above guidance); FRE per share grew 12% in 2025; FRE grew 19% and DE grew 16% year over year.
Strong Investment Performance Across Strategies
Net lease strategy gross returns >13% in 2025; OREP net return ≈11% vs FTSE REIT total return 2.3%; net-lease flagship funds net IRR ≈24% since inception; Digital Infrastructure Fund I realized net IRR ≈11.5%; direct lending net returns 8.7% (vs leveraged loan index 5.9%); alternative credit gross returns 16.6% for the year; OCIC and OTIC net returns 7.4% and 8.4% respectively; average annualized net realized loss rate ~8 bps.
Robust Credit Portfolio Metrics and Originations
Direct lending weighted average LTVs ~high-30s (low-30s in tech lending); underlying portfolio revenue growth high single-digits and EBITDA low-teens on average; tech lending cumulative revenue +~40% and EBITDA +~50% since Nov 2022; Q4 direct lending gross and net originations $12B and $3.3B; LTM gross originations $45.4B and net $13.2B; average deal size ~ $2.0B (≈+23% YoY).
Wealth Product Traction and Rapid New Product Growth
Wealth-dedicated evergreen products raised $15.4B in 2025 (≈66% of beginning-period fee-paying AUM); ODiT first close $1.7B; LLCX reached $1.8B AUM in three quarters; interval fund flows exceeding ~$100M/month in early traction; added Japan and Australia feeders and expanded distribution.
Operational Discipline and Capital Efficiency
Disciplined expense management helped deliver FRE margin above guidance; buybacks and senior exec purchases ~ $70M in 2025; AUM not yet paying fees $28.4B (≈$325M expected annual management fees — ~13% embedded growth).
Diversification and M&A-Led Growth
Acquisitions and new strategies contributed to growth: nearly $4B raised across alternative credit in 2025 after the acquisition; GP-led nearing ~$2.5B final close for first vintage; GP-stakes strip sales drove ~$2.6B of capital raised.
Low Credit Stress Indicators and Liquidity Management
Company met investor tender requests in Q4; low leverage and ample liquidity; BDC nonaccruals reported at ~0.1% with weighted average EBITDA ~$300M — supporting assertions of portfolio resilience.
OWL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OWL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Oct 30, 2025 | $16.32 | $15.63 | -4.23% |
Jul 31, 2025 | $19.01 | $18.85 | -0.84% |
May 01, 2025 | $17.85 | $17.25 | -3.36% |
Feb 06, 2025 | $23.86 | $23.68 | -0.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Blue Owl Capital (OWL) report earnings?
Blue Owl Capital (OWL) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Blue Owl Capital (OWL) earnings time?
Blue Owl Capital (OWL) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OWL EPS forecast?
OWL EPS forecast for the fiscal quarter 2026 (Q1) is 0.2.