Blue Owl Capital Reports Q3 2026 Financial Results and Declares $0.23 Quarterly Dividend

Executive Summary

On October 29, 2026, Blue Owl Capital Inc. (NYSE: OWL) filed a Current Report on Form 8-K under Items 2.02 and 8.01 disclosing its financial results for the third quarter ended September 30, 2026, and declaring a quarterly cash dividend.

Key Financial & Operational Highlights

• Assets Under Management (AUM): Total AUM reached $329.9 billion as of September 30, 2026, up 12% compared to September 30, 2025.
  • Fee-Paying AUM (FPAUM) reached $192.2 billion, up 5% year-over-year.
  • Permanent Capital totaled $227.8 billion, representing 85% of FRE management fees over the last twelve months.
  • AUM Not Yet Paying Fees stood at $36.3 billion, representing an expected annual FRE management fee potential of ~$402 million once deployed.
• Capital Raising: Raised $12.6 billion of new capital commitments ($10.2 billion of equity) in Q3 2026, bringing LTM capital commitments to $48.8 billion.
• GAAP Results:
  • GAAP Revenues totaled $806.5 million for Q3 2026, up 11% year-over-year from $728.0 million in Q3 2025.
  • GAAP Net Income attributable to Class A Shares was $20.0 million ($0.03 per basic and diluted share), compared to $6.3 million ($0.01 per share) in Q3 2025.
• Non-GAAP Performance:
  • Fee-Related Earnings (FRE) were $427.5 million ($0.27 per Adjusted Share), up 14% from $376.2 million in Q3 2025.
  • Distributable Earnings (DE) were $385.5 million ($0.24 per Adjusted Share), up 13% from $341.0 million in Q3 2025.

Dividend Announcement

• Blue Owl declared a quarterly cash dividend of $0.23 per Class A Share.
• Record Date: November 10, 2026
• Payment Date: November 23, 2026

Capital Structure & Liquidity Updates

• In August 2026, the company issued $750 million of 10-year senior unsecured notes due 2036 with a 6.750% coupon.
• In October 2026, the company expanded its revolving credit facility by $725 million to $3.225 billion and extended its maturity to 2031.