Kohlberg Kravis Roberts (KKR)
NYSE:KKR
Want to see KKR full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.39Last Year’s EPS
1.18Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operating performance across multiple metrics (FRE, management fees, monetizations, fundraising, embedded gains) and decisive capital allocation actions (buybacks, Arctos acquisition, dividend increase), demonstrating resilience and durable earnings power. At the same time, management signaled caution around 2026 ANI guidance due to a more challenging near-term monetization environment, increased competition/tight spreads in insurance, software mark pressure, and short-term wealth/redemption noise. Overall the positives (broad-based fee growth, record monetizations and fundraising, sizable embedded gains, disciplined buybacks) substantially outweigh the near-term challenges.Company Guidance
Record Fee-Related Earnings and Profitability
Fee-related earnings (FRE) per share of $1.13, up 23% year-over-year; total operating earnings of $1.47 per share, up 18% YoY; adjusted net income (ANI) of $1.39 per share, up 20% YoY. FRE margin ~69% at March 31. Management described these as among the highest figures in firm history.
Strong Management Fee Growth and Diversification
Management fees of $1.2 billion in the quarter, up 30% YoY (excluding catch-up fees growth a touch north of 20%). Fee base diversified: private equity, real assets and credit each contributed roughly one-third of total fees over the trailing 12 months.
Robust Monetization and Realizations
Realized performance income >$750 million and realized investment income ~ $120 million, bringing total monetization to ~ $880 million (up >50% YoY). Realized carried interest $720 million (up 120% YoY). Recent exits included OneStream (4.5x cost), CoolIT Systems (~15x cost), Hyundai Marine Solution (7+ x), and two 2021 investments expected to sell at ~2x and ~3x.
Capital Raising Momentum
Raised $28 billion of new capital in Q1 and $127 billion over the trailing 12 months. Credit fundraising was a bright spot with $15 billion raised in the quarter; asset-based finance now >$90 billion AUM. Final close of North America 14 at $23 billion (prior $19 billion). Across recent flagship vintages (Americas + Europe + Asia) $46 billion of capital to invest.
Elevated Embedded Gains and Investment Performance
Total embedded gains (gross carry + gains across asset management and strategic holdings) of $18.3 billion, representing embedded value within total assets of $331 billion, up 11% YoY. Management reported healthy investment performance across asset classes despite volatility.
Insurance Economics and Strategic Holdings Progress
Insurance segment operating earnings of $260 million in Q1; on a marks-included basis would be slightly north of $300 million. Total insurance economics over the LTM were $1.9 billion (net of compensation), up 14% vs prior period. Strategic holdings operating earnings $48 million in Q1, tracking toward an expected $350+ million for 2026 (back-end weighted).
Disciplined Capital Allocation and Share Repurchases
Repurchased/retired $317 million of stock through May 1 at an average price of ~$91; Board authorized an additional $500 million repurchase program. Management & directors purchased shares personally. Strategic M&A: closed acquisition of Arctos (approx. $16 billion AUM / $10 billion fee-paying AUM).
Dividend Increase and Broad Employee Ownership
Annualized dividend increased to $0.78 beginning this quarter (7th consecutive annual increase since corporate structure change; from $0.50 to $0.78 over that period). Employee ownership programs in ~85 portfolio companies with ~200,000 non-management equity owners; highlighted CoolIT employee outcomes (~8x annual base salary for tenured employees at exit).
Direct Lending and Credit Positioning
Direct lending platform size $39 billion (5% of AUM) and private BDC footprint ~$3 billion (0.4% of AUM). Asset-based finance remains large (> $90 billion AUM). Management noted renewed institutional inbound interest in direct lending given dislocations.
Digital Infrastructure & Data Center Investment Track Record
KKR has deployed over $40 billion across digital infrastructure themes, operates six global data center platforms and is pursuing disciplined, location- and terms-focused investing in the sector.
KKR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KKR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $103.13 | $101.80 | -1.29% |
Feb 05, 2026 | $104.37 | $98.80 | -5.35% |
Nov 07, 2025 | $118.68 | $120.67 | +1.68% |
Jul 31, 2025 | $149.44 | $145.61 | -2.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kohlberg Kravis Roberts (KKR) report earnings?
Kohlberg Kravis Roberts (KKR) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Kohlberg Kravis Roberts (KKR) earnings time?
Kohlberg Kravis Roberts (KKR) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KKR EPS forecast?
KKR EPS forecast for the fiscal quarter 2026 (Q2) is 1.39.
