The presence of dissolved matter in the pulp suspension in an oxygen (O2) delignification stage, consisting mainly of dissolved lignin, is normally considered to negatively affect the delignification rate due to the competing reactions between the fiber bound lignin and the lignin dissolved in the filtrate. Recirculated oxidized filtrate from the post-O2 washing is usually considered to be less harmful to the delignification efficiency than unoxidized dissolved matter originating from the cooking stage. To develop a better understanding of the mechanisms of the dissolved matter’s reactions and impact on the O2 stage performance, laboratory oxygen delignification experiments with varying levels of unoxidized and oxidized dissolved matter were conducted. The results showed that unoxidized dissolved matter had a negative impact on the delignification in the O2 stage, whereas oxidized dissolved matter actually had a positive effect. The delignification efficiency of the laboratory experiments thus depends on both the amount of dissolved matter and its origin. The pulp viscosity decreased with increasing dissolved matter content irrespective of its origin but at higher COD levels; however, the viscosity drop was larger for the unoxidized dissolved matter. In terms of selectivity, the oxidized filtrate had a similar impact as additional NaOH charge. Both types of filtrates consumed hydroxide and the final pH decreased with increasing dissolved matter content. The final pH was significantly lower in the unoxidized filtrate experiments at higher COD levels, indicating a high reactivity between the unoxidized dissolved matter and the oxygen in the reactor. Based on the results, further understanding is achieved about the relation between pre-O2 washing performance and process configuration in an actual mill case, as well as the impact of dissolved matter on delignification. The importance of efficient removal of harmful unoxidized dissolved matter is verified, but the results also suggest that the oxidized dissolved matter that is recirculated from post-O2 washing actually has a significant positive impact on the delignification and is not just a potential problem in case of carryover to the bleach plant. Subsequently, pulp washing efficiency is critical both pre- and post-O2.