Here's What Key Metrics Tell Us About Blue Owl Capital (OWL) Q3 Earnings

For the quarter ended September 2026, Blue Owl Capital Inc. (OWL) reported revenue of $752.6 million, up 9.6% over the same period last year. EPS came in at $0.24, compared to $0.22 in the year-ago quarter.

The reported revenue represents a surprise of +6.9% over the Zacks Consensus Estimate of $704.04 million. With the consensus EPS estimate being $0.22, the EPS surprise was +9.09%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Blue Owl Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• AUM - Total: $329.92 billion versus the four-analyst average estimate of $327.9 billion.

• AUM - GP Strategic Capital: $72.21 billion compared to the $72.77 billion average estimate based on three analysts.

• AUM - Credit: $162.78 billion versus $160.31 billion estimated by three analysts on average.

• AUM - Real Assets: $94.93 billion versus $94.23 billion estimated by three analysts on average.

• FRE Revenues- Credit Platform- Management Fees, Net: $395.85 million versus the three-analyst average estimate of $389.47 million. The reported number represents a year-over-year change of -1.4%.

• FRE Revenues- GP Strategic Capital Platform- Management Fees, Net: $176.73 million versus $171.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.3% change.

• FRE Revenues- Real Assets Platform- Management Fees, Net: $119.13 million compared to the $119.61 million average estimate based on three analysts. The reported number represents a change of +29.7% year over year.

• FRE Revenues- Real Assets Platform: $163.88 million compared to the $124.35 million average estimate based on two analysts. The reported number represents a change of +77.2% year over year.

• FRE Revenues- GP Strategic Capital Platform- Administrative, transaction and other fees: $1.75 million versus the two-analyst average estimate of $2.5 million. The reported number represents a year-over-year change of -2.9%.

• FRE Revenues- GP Strategic Capital Platform: $176.73 million versus the two-analyst average estimate of $175.45 million. The reported number represents a year-over-year change of +7.1%.

• FRE Revenues- Credit Platform: $411.99 million compared to the $406.81 million average estimate based on two analysts. The reported number represents a change of -4.1% year over year.

• FRE Revenues- Credit Platform- Administrative, transaction and other fees: $20.75 million versus $20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -25% change.