Jun 2026 (Q2 FY26) — Jul 30, 2026
KKR Q2 FY26 — Record Earnings and Accelerated Fundraising
Read the full callKKR (KKR) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
KKR earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,726 | +12.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 700 | +37.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
23 of 23 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New capital raised, cumulative 2024-2026 | $300-plus billion of new capital raised over 2024 through 2026 | Sep 2024 | we have raised $305 billion of capital ... so beating our 3-year target in just 2.5 years | Achieved |
| Adjusted net income per share | $7 to $8 per share of after-tax adjusted net income in 2026 | Jun 2025 | as it relates to $7, we had removed obviously, that formal guidance last quarter | Diluted |
| Full-year capital deployed | deploy more capital in 2026 than 2025's record $95 billion | Dec 2025 | we deployed $24 billion of capital in Q2, bringing us to $104 billion of capital invested over the LTM | On Track |
17 of KKR & Co. Inc.'s 40 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 37 more targets are in the full ledger.
Claimed
- Record fee-related earnings (FRE) of $1.2 billion, up 34% year-over-year, with an FRE margin above 70%.
- Total operating earnings of $1.68 per share, up 27% year-over-year, and adjusted net income per share of $1.63, up 38% year-over-year.
- Raised $305 billion of capital since the beginning of 2024, exceeding the 3-year $300 billion fundraising target in just 2.5 years.
- Record monetization quarter in the firm's history, with realized performance income of $848 million and realized investment income of $220 million.
- K-Series AUM increased by almost 70% year-over-year to $42 billion, with healthy net inflows of over 20% year-to-date.
Qualified
- Heightened competition in the insurance market led to a decision to allocate less capital to insurance, impacting organic growth outlook.
- Sequential decline in credit management fees due to a one-time benefit in the prior quarter, though LTM growth remains strong.
Price
$87 +0.92% · +$0.79
Performance −26.0% 1Y
1Y: $117.6 on 17 Oct 2025 → $87. High $142.77 (11 Dec 2025), low $83.88 (12 Mar 2026).
- Previous close
- $86.21
- 52-week range
- $83.88 – $142.77
- One year
- −27.57%
Overview
- Symbol
- KKR
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
23 of 23 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New capital raised, cumulative 2024-2026 | $300-plus billion of new capital raised over 2024 through 2026 | Sep 2024 | we have raised $305 billion of capital ... so beating our 3-year target in just 2.5 years | Achieved |
| Adjusted net income per share | $7 to $8 per share of after-tax adjusted net income in 2026 | Jun 2025 | as it relates to $7, we had removed obviously, that formal guidance last quarter | Diluted |
| Full-year capital deployed | deploy more capital in 2026 than 2025's record $95 billion | Dec 2025 | we deployed $24 billion of capital in Q2, bringing us to $104 billion of capital invested over the LTM | On Track |
Claimed
- Record fee-related earnings (FRE) of $1.2 billion, up 34% year-over-year, with an FRE margin above 70%.
- Total operating earnings of $1.68 per share, up 27% year-over-year, and adjusted net income per share of $1.63, up 38% year-over-year.
- Raised $305 billion of capital since the beginning of 2024, exceeding the 3-year $300 billion fundraising target in just 2.5 years.
- Record monetization quarter in the firm's history, with realized performance income of $848 million and realized investment income of $220 million.
- K-Series AUM increased by almost 70% year-over-year to $42 billion, with healthy net inflows of over 20% year-to-date.
Qualified
- Heightened competition in the insurance market led to a decision to allocate less capital to insurance, impacting organic growth outlook.
- Sequential decline in credit management fees due to a one-time benefit in the prior quarter, though LTM growth remains strong.
The full ledger
Open KKR & Co. Inc.’s full ledger
A free account opens 5 company ledgers a month. All 40 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
KKR Q1 FY26 — Strong Earnings and Capital Raising Despite Market Volatility
Read the full callDec 2025 (Q4 FY25) — Feb 5, 2026
KKR Q4 FY25 — Record Fundraising and Strategic Acquisition of Arctos
Read the full callEvery analysed call
KKR earnings calls (KKR)
Financials
What the filings say
Net profit, year on year: +37% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,792 | 3,258 | 3,110 | 5,089 | 5,526 | 5,739 | 4,318 | 5,726 |
| Interest | 722 | 775 | 654 | 707 | 723 | 692 | — | — |
| Profit before tax | 1,645 | 1,643 | 771 | 1,529 | 2,200 | 2,600 | 463 | 1,374 |
| Tax rate | 12.8% | 15.7% | 11.2% | 11.4% | 16.4% | 12.8% | 40.0% | 17.9% |
| Net profit | 601 | 1,126 | -186 | 510 | 900 | 1,146 | 405 | 700 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 6 | 6 | 6 | 9 | 9 | 9 | 9 |
| Reserves | 92 | 1,792 | 3,441 | 7,670 | 6,701 | 9,818 | 12,283 | 13,884 |
| Total liabilities | 25,361 | 30,397 | 39,007 | — | 219,976 | 258,915 | 298,115 | 328,512 |
| Fixed assets | 451 | 633 | 761 | — | — | — | — | — |
| Total assets | 50,743 | 60,899 | 79,807 | — | 275,347 | 317,294 | 360,099 | 410,144 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -7,606 | -5,682 | -5,954 | -7,177 | -5,279 | -1,494 | 6,650 | 478 |
| Cash from investing | -79 | -207 | -153 | -9,606 | -13,647 | -3,883 | -19,047 | -16,282 |
| Cash from financing | 6,616 | 6,485 | 9,804 | 20,364 | 22,055 | 12,774 | 7,076 | 17,432 |
| Net cash flow | -1,094 | 596 | 3,756 | 3,533 | 2,859 | 7,423 | -5,440 | 1,784 |
| Capital expenditure | -103 | -195 | -11 | 0 | 0 | — | — | — |
| Free cash flow | -7,709 | -5,877 | -5,965 | -7,177 | -5,279 | — | — | — |
KKR revenue by segment
Insurance grew from 53% to 62% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Insurance | 53% | 56% | 34% | 64% | 68% | 61% | 53% | 62% | +8.3% |
| Asset Management and Strategic Holdings Segments | 47% | 44% | 66% | 36% | 32% | 39% | 47% | 38% | +20.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
KKR operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Assets under management (AUM) K-Series | $16BWe are seeing continued scaling with AUM across our K-Series vehicles at $16 billion as of year-end.Source: earnings call transcript | — | — | $35B+AUM across our K-Series vehicles is now over $35 billion.Source: earnings call transcript | $38B+Redemptions totaled around $250 million and AUM now stands at over $38 billion.Source: earnings call transcript | $42BIn total, we brought in $3 billion of capital in Q2, and K-Series AUM now stands at $42 billion compared to approximately 25 a year ago, so up almost 70% year-over-year.Source: earnings call transcript | — |
| Assets under management (AUM) Asset-based finance | ~$70BAnd of that $110 billion, we've got about $70 billion in asset-based finance and another $40 billion in direct lending.Source: earnings call transcript | $74BAnd within that private credit piece, $74 billion of that is in asset-based finance, and ABF year-over-year has grown at a number between 35% and 40%.Source: earnings call transcript | $84BTotal AUM across the ABF franchise, now is $84 billion, that's up 12% just from last quarter, and it's up almost 30% on a year-over-year basis, so very strong growth.Source: earnings call transcript | $85BOur ABF business, which today represents $85 billion of AUM, invested $19 billion of capital last year.Source: earnings call transcript | $90B+That momentum was driven by our asset-based finance business, which represents over $90 billion of AUM today.Source: earnings call transcript | — | — |
| Assets under management (AUM) Infrastructure | — | — | — | ~$100BIn infrastructure, our AUM has grown from approximately $17 billion 5 years ago to around $100 billion today.Source: earnings call transcript | — | ~$120BWe have 1 of the largest infrastructure platforms in the world at approximately $120 billion of AUM.Source: earnings call transcript | — |
| Assets under management (AUM) Arctos | — | — | — | — | ~$16BAs a reminder, Arctos is the leading investor in professional sports franchise stakes and a leader in GP solutions with approximately $16 billion of AUM and $10 billion of fee-paying AUM.Source: earnings call transcript | ~$20BAnd with the closing this quarter, we now manage approximately $20 billion of capital through Arc dose with significant upside in front of us.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
30 filings between Nov 12, 2025 and Sep 8, 2026.
Open market
decisions to buy or sellPurchases
$50.93M
13 purchases by 5 insiders
Sales
$1.09M
1 sale by 1 insider
Compensation
not trading decisions- 11
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| NUTTALL SCOTT C | $17.22M | — | Feb 27, 2026 |
| BAE JOSEPH Y | $17.20M | — | Feb 27, 2026 |
| BARAKETT TIMOTHY R | $9.97M | — | Mar 4, 2026 |
| Cohler Matt | $4.51M | — | Feb 17, 2026 |
| Dillon Mary N | $2.02M | — | Mar 2, 2026 |
| HOLMES DANE E | — | $1.09M | Sep 3, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 8, 2026 | BAE JOSEPH Y Co-Chief Executive Officer | Gift | 122,403 | $0 |
| Sep 8, 2026 | BAE JOSEPH Y Co-Chief Executive Officer | Gift | 345,849 | $0 |
| Sep 3, 2026 | HOLMES DANE E Chief Administrative Officer | Sale | 10,000 | $1.09M |
| Sep 2, 2026 | Lewin Robert H Chief Financial Officer | Gift | 10,000 | $0 |
| Sep 2, 2026 | HOLMES DANE E Chief Administrative Officer | Option exercise | 10,000 | — |
| Mar 4, 2026 | BARAKETT TIMOTHY R Director | Purchase | 50,000 | $4.72M |
| Mar 2, 2026 | Dillon Mary N Director | Purchase | 22,225 | $2.02M |
| Feb 27, 2026 | BAE JOSEPH Y Co-Chief Executive Officer | Purchase | 50,000 | $4.43M |
| Feb 27, 2026 | NUTTALL SCOTT C Co-Chief Executive Officer | Purchase | 50,000 | $4.39M |
| Feb 17, 2026 | BAE JOSEPH Y Co-Chief Executive Officer | Purchase | 63,467 | $6.50M |
| Feb 17, 2026 | BAE JOSEPH Y Co-Chief Executive Officer | Purchase | 30,082 | $3.10M |
| Feb 17, 2026 | Cohler Matt Director | Purchase | 43,872 | $4.51M |
| Feb 17, 2026 | NUTTALL SCOTT C Co-Chief Executive Officer | Purchase | 90,127 | $9.27M |
| Feb 17, 2026 | NUTTALL SCOTT C Co-Chief Executive Officer | Purchase | 112 | $11.6K |
| Feb 17, 2026 | BAE JOSEPH Y Co-Chief Executive Officer | Purchase | 22,801 | $2.29M |
| Feb 17, 2026 | BAE JOSEPH Y Co-Chief Executive Officer | Purchase | 8,650 | $876.2K |
| Feb 17, 2026 | NUTTALL SCOTT C Co-Chief Executive Officer | Purchase | 34,761 | $3.55M |
| Feb 9, 2026 | BARAKETT TIMOTHY R Director | Purchase | 50,000 | $5.25M |
| Dec 11, 2025 | Gutierrez Arturo Director | Award | 1,605 | $0 |
| Dec 11, 2025 | NIEL XAVIER BRUNO Director | Award | 1,605 | $0 |
| Dec 11, 2025 | Ross Kimberly A. Director | Award | 1,605 | $0 |
| Dec 11, 2025 | RUSSO PATRICIA F Director | Award | 1,605 | $0 |
| Dec 11, 2025 | SCULLY ROBERT W Director | Award | 1,605 | $0 |
| Dec 11, 2025 | Spiegel Evan Director | Award | 1,605 | $0 |
| Dec 11, 2025 | Dillon Mary N Director | Award | 1,605 | $0 |
| Dec 11, 2025 | BARAKETT TIMOTHY R Director | Award | 1,605 | $0 |
| Dec 11, 2025 | Cohler Matt Director | Award | 1,605 | $0 |
| Dec 11, 2025 | Brown Adriane M Director | Award | 1,605 | $0 |
| Dec 11, 2025 | ARNOLD CRAIG Director | Award | 1,605 | $0 |
| Nov 12, 2025 | KRAVIS HENRY R Co-Executive Chairman | Gift | 350,000 | $0 |
| Sep 23, 2025 | ARNOLD CRAIG Director | Award | 242 | $0 |
| Sep 2, 2025 | NUTTALL SCOTT C Co-Chief Executive Officer | Gift | 194,000 | $0 |
| Sep 2, 2025 | NUTTALL SCOTT C Co-Chief Executive Officer | Gift | 194,000 | $0 |
| Aug 29, 2025 | BAE JOSEPH Y Co-Chief Executive Officer | Gift | 398,335 | $0 |
| Aug 29, 2025 | BAE JOSEPH Y Co-Chief Executive Officer | Gift | 398,335 | $0 |
| Aug 13, 2025 | Lewin Robert H Chief Financial Officer | Gift | 2,500 | $0 |
| Aug 8, 2025 | BAE JOSEPH Y Co-Chief Executive Officer | Other | 1,592 | — |
| Aug 7, 2025 | ROBERTS GEORGE R Co-Executive Chairman | Sale | 809,906 | $116.83M |
| Jun 2, 2025 | KRAVIS HENRY R Co-Executive Chairman | Sale | 1,150,469 | $137.83M |
| Jun 2, 2025 | KRAVIS HENRY R Co-Executive Chairman | Sale | 130,925 | $15.93M |
| Jun 2, 2025 | ROBERTS GEORGE R Co-Executive Chairman | Sale | 1,190,094 | $142.57M |
| May 22, 2025 | BARAKETT TIMOTHY R Director | Purchase | 35,000 | $4.13M |
| May 6, 2025 | SCULLY ROBERT W Director | Purchase | 13,250 | $1.50M |
| Mar 13, 2025 | KRAVIS HENRY R Co-Executive Chairman | Gift | 208,676 | $0 |
| Mar 13, 2025 | BARAKETT TIMOTHY R Director | Award | 1,166 | $0 |
| Dec 12, 2024 | Gutierrez Arturo Director | Award | 1,238 | $0 |
| Dec 12, 2024 | NIEL XAVIER BRUNO Director | Award | 1,238 | $0 |
| Dec 12, 2024 | Ross Kimberly A. Director | Award | 1,238 | $0 |
| Dec 12, 2024 | RUSSO PATRICIA F Director | Award | 1,238 | $0 |
| Dec 12, 2024 | SCULLY ROBERT W Director | Award | 1,238 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for KKR & Co. Inc.
Free account. Everything above stays public.
Write why you follow KKR & Co. Inc. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading