Blue Owl Capital Inc. (OWL) Revenue by Segment

Blue Owl Capital revenue by segment at a glance

In Q3 fiscal 2023 (the quarter ended September 30, 2023), Blue Owl Capital's largest business segment was Credit Strategies, with $257.13 million or 60% of revenue, up 31.6% from a year earlier. Next: GP Strategic Capital Strategies (32%) and Real Estate Strategies (9%).

By product or service, Credit Platform brought in 59%, GP Strategic Capital Platform brought in 23% and Real Assets Platform brought in 18% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Real Estate Strategies (+64.6%).

From company filings, in USD; latest quarter ended September 30, 2023; quarterly data from Q2 fiscal 2020.

Blue Owl Capital Inc.

OWLFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Credit StrategiesDirect Lending ProductsGP Strategic Capital StrategiesGP Capital Solutions ProductsReal Estate StrategiesReal Estate Products

Q3 FY23 breakdown

Fiscal quarter ended Sep 30, 2023

Item	Revenue	Share	vs year before
Credit Strategies	USD 257.13M	59.8%	+31.6%
GP Strategic Capital Strategies	USD 135.98M	31.6%	-11.4%
Real Estate Strategies	USD 36.54M	8.5%	+64.6%

Sum of items USD 429.65M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20
Credit Strategies	257.1M	249.4M	–	–	195.4M	181.4M	–	–	–	–	–	–	–	–
Direct Lending Products	–	–	228.3M	–	–	–	158.9M	–	150.4M	139.4M	108.2M	–	54.0M	40.5M
GP Strategic Capital Strategies	136.0M	134.0M	–	–	153.4M	126.7M	–	–	–	–	–	–	–	–
GP Capital Solutions Products	–	–	133.1M	–	–	–	99.9M	–	97.5M	39.9M	–	–	–	–
Real Estate Strategies	36.5M	33.5M	–	–	22.2M	19.2M	–	–	–	–	–	–	–	–
Real Estate Products	–	–	29.6M	–	–	–	17.2M	–	–	–	–	–	–	–

Blue Owl Capital revenue by business segment, last 4 quarters

Business segment	Q3 FY23	Q2 FY23	Q1 FY23	Q3 FY22	Share
Credit Strategies	$257.1M	$249.4M	–	$195.4M	60%
GP Strategic Capital Strategies	$136.0M	$134.0M	–	$153.4M	32%
Real Estate Strategies	$36.5M	$33.5M	–	$22.2M	9%

In USD, fiscal quarters as reported; share = part of Q3 FY23 revenue.

Blue Owl Capital revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Credit Platform	$441.9M	$457.9M	$457.9M	$423.6M	59%
GP Strategic Capital Platform	$174.8M	$158.3M	$164.8M	$162.6M	23%
Real Assets Platform	$136.4M	$137.6M	$105.3M	$116.9M	18%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Blue Owl Capital's business segments?

Credit Strategies, GP Strategic Capital Strategies and Real Estate Strategies (as reported for Q3 fiscal 2023).

Which business segment makes the most money for Blue Owl Capital?

Credit Strategies: $257.13 million, or 60% of revenue, in Q3 fiscal 2023.

What are Blue Owl Capital's main products and services?

By revenue in Q2 fiscal 2026: Credit Platform (59%), GP Strategic Capital Platform (23%) and Real Assets Platform (18%).

MoreBlue Owl Capital stock overview Blue Owl Capital financials Blue Owl Capital executive team Blue Owl Capital shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.