Earnings Releases·Nov 9, 2026, 6:51 AM ET

KKR & Co. Inc. — Third Quarter 2026 Earnings Summary

GAAP Net Income rose 30% year-over-year to $1.12 billion, while Fee Related Earnings (FRE) and Total Operating Earnings (TOE) increased 27% and 25% respectively to $1.3 billion and $1.7 billion; Total Revenues declined 18% to $4.56 billion due to non-recurring items, though Year-to-Date revenues grew 6% to $14.61 billion.
Management expects to return over $40 billion to clients in 2026, a 50% increase over the prior annual record, and anticipates the Q4 2026 sale of USI Insurance Services to generate approximately $2.0 billion in Adjusted Net Income.
Assets Under Management reached $804 billion (up 11% YoY) with $25 billion in new capital raised during the quarter; the company also announced a $500 million increase to its share repurchase program and declared a $0.195 quarterly dividend.
Strategic Holdings Operating Earnings grew to $192 million from $58 million in the prior year, and Gross unrealized carried interest totaled $9.7 billion, supporting a balance sheet with $5.0 billion in net cash and investments.