Blue Owl Capital (OWL)
NYSE:OWL
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.22Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong fundraising, diversified platform growth, solid investment performance, and modest margin expansion, while acknowledging headline-driven redemption activity, softer retail flows, rising LTVs in software, and some near-term revenue outcome uncertainty. On balance, the business fundamentals — sizable LTM fundraising ($57B), strong LTM returns across strategies, growing real assets and digital infrastructure pipelines, and modest FRE margin expansion — outweigh the contained near-term retail/redemption headwinds and sector-specific valuation risks.Company Guidance
Top-Line and Earnings Growth
Revenues increased 13% year-over-year; fee related earnings (FRE) grew 14% and distributable earnings (DE) rose 11% versus 2025. Reported FRE per share was $0.25 and DE per share was $0.19 for Q1 2026.
Strong Fundraising
Raised $11 billion in Q1 2026 and $57 billion over the last twelve months (second-highest LTM raise since inception). Q1 institutional equity was ~$6.1 billion (two-thirds of total equity raised) and equity capital raised grew 35% year-over-year.
Diversification and AUM Mix Shift
Platform diversification: direct lending now ~37% of AUM, real assets ~27%, and GP strategic capital ~22%. Nearly three-quarters of equity raised over the last 12 months was outside direct lending.
Real Assets and Net Lease Momentum
Real assets AUM reached $85 billion (up 27% year-over-year); net lease AUM up ~38% year-over-year. Net lease pipeline ~ $50 billion under LOI/contract and Net Lease Fund 6 fully committed and two-thirds called (visibility to be virtually fully called by this summer).
Digital Infrastructure Opportunity
Digital infrastructure strategy is ~6% of AUM with a pipeline > $100 billion. Participating in large data center projects, including an announced $12 billion Amazon campus; BODI 4 initial close planned in back half of 2026.
Strong Investment Performance
Direct lending generated 8.5% gross returns LTM; OCIC delivered 9.1% annualized since inception (~5 years), outperforming leveraged loans by >300 bps, high-yield by ~500 bps, and traditional fixed income by ~900 bps. Alternative credit returned 11% LTM (outperforming leveraged loans by >600 bps). Net lease returned 14.7% LTM (outperforming FTSE REIT by ~1,100 bps).
Successful New Fund Closes
Final close of first vintage GP-led secondary strategy (BOSE) above target at ~ $3 billion; ASOP 9 (alternative credit) also closed ~ $3 billion, both closing above targets in the current environment.
Embedded Fee Growth and FRE Margin
AUM not yet paying fees increased to $30 billion, representing ~ $350 million of expected annual management fees when deployed (~14% embedded growth off 2025 management fees). FRE margin modestly expanded to 58.4% in Q1 (vs 58.3% for 2025) and management expects a path to ~58.5% for 2026.
Liquidity / Repayments Driving Reinvestment Opportunities
Direct lending last twelve-month growth was $39.4 billion with net originations of $8.2 billion; repayments were $6.4 billion in Q1 and over $27 billion in 2025, creating deployment opportunities at wider spreads (origination spreads observed ~50 bps wider).
Notable Realized Gains and Recoveries
Examples of portfolio gains (e.g., SpaceX position generated ~10x realized on part of the stake) and strong historical recoveries: average principal recovery in restructurings ~ $0.80 on the dollar and total recovery including coupons ~1.1x–1.2x.
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 |
|---|---|---|---|
Apr 30, 2026 | $8.88 | $9.75 | +9.80% |
Feb 05, 2026 | $11.82 | $11.40 | -3.56% |
Oct 30, 2025 | $16.00 | $15.32 | -4.22% |
Jul 31, 2025 | $18.64 | $18.49 | -0.82% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Blue Owl Capital (OWL) earnings time?
Blue Owl Capital (OWL) earnings time is at Jul 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 (Q2) is 0.22.