Blue Owl Q3: FRE $427.5M, AUM $329.9B, $0.23 Dividend Declared
OWL sits 24% above its 52-week low of $7.95.
Summary
Blue Owl reported Q3 2026 Fee-Related Earnings of $427.5 million (up 14%) on $329.9 billion of AUM and declared a $0.23 quarterly dividend. Credit platform fee softness and continued redemptions are the offsetting weak spot.
Key Events · Earnings and Guidance · OWL
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Q3 Earnings Beat Prior Year
Fee-Related Earnings of $427.5 million rose 14% from $376.2 million a year earlier; Distributable Earnings of $385.5 million rose 13% from $341.0 million.
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AUM Reaches $329.9 Billion
AUM grew 12% since September 30, 2025, with $12.6 billion of new capital commitments raised in the quarter and $48.8 billion over the last twelve months.
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Dividend Held at $0.23
Quarterly dividend of $0.23 per Class A Share declared, payable November 23, 2026 to holders of record November 10, 2026; annual dividend of $0.92 per share announced for 2026.
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Credit Platform Fees Slip
Credit management fees fell 2% year over year to $395.8 million and the platform saw $1.1 billion of redemptions in the quarter, offset by 27% AUM growth in Real Assets.
Analysis · OWL · Finance
Blue Owl's core earnings engine kept compounding: Fee-Related Earnings rose 14% year over year to $427.5 million and Distributable Earnings rose 13% to $385.5 million, with the FRE margin widening to 58.8% from 57.1%. AUM reached $329.9 billion, up 12% from a year ago, and the firm pulled in $12.6 billion of new capital commitments in the quarter. The $0.23 quarterly dividend is unchanged in size and keeps the annual payout at $0.92. The soft spot is Credit, where management fees slipped 2% sequentially and redemptions of $1.1 billion continued — the same pressure that has weighed on the non-traded BDC complex all year. GAAP net income of $20.0 million ($0.03 per Class A share) is thin relative to the non-GAAP figures because of large equity-compensation and intangible amortization add-backs.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, OWL was trading at $9.86 on NYSE in the Finance sector, with a market capitalization of approximately $15.1B. The 52-week trading range was $7.95 to $17.17. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.