The earnings call illustrated Carlyle's strong financial performance, reflected by record FRE, AUM, and significant capital returns to investors. The firm showed robust growth in its U.S. and Asia funds, alongside successful fundraising efforts, notably in real estate and credit. Strategic partnerships, especially in wealth management and insurance, are contributing positively to growth. However, challenges persist with the performance of the CP VII fund and the broader real estate fundraising environment. Overall, the highlights significantly outweigh the lowlights.

Company Guidance

During The Carlyle Group's second quarter 2025 earnings call, the company reported robust financial performance, achieving several record high metrics. The firm recorded a record Fee-Related Earnings (FRE) of $323 million, up 18% year-over-year, with FRE margins reaching a record 48% for the first half. Assets Under Management (AUM) hit a record $465 billion, and the company's first-half Distributable Earnings (DE) amounted to $886 million, the highest in its history. Carlyle also reported $51 billion in organic inflows over the past 12 months, indicating strong investor confidence. The firm deployed $26 billion in the first half of 2025, a 50% increase year-over-year, and returned nearly $15 billion to investors over the last 12 months, tripling the industry average. Carlyle's Global Credit and AlpInvest segments demonstrated significant growth, with Global Credit FRE increasing by 37% year-over-year and AlpInvest fee revenues up more than 50%. The company's strategic initiatives included a partnership with UBS for private equity secondary solutions, and they closed their tenth U.S. real estate fund at $9 billion, marking the largest U.S. real estate fund raised in the past 18 months. Overall, Carlyle's financial results and strategic moves reflect a strong momentum and positive outlook for the remainder of 2025.

Record Financial Results

Carlyle reported record FRE of $323 million, up 18% year-over-year, with an FRE margin of 48%. Firm-wide AUM reached a record $465 billion, and the company returned almost $15 billion to investors over the last 12 months, triple the industry average.

Strong Performance in U.S. and Asia Funds

The U.S. buyout funds appreciated approximately 20% over the past 12 months. In Asia, funds 1 through 4 ranked in the top 5% in their respective categories, with the fifth fund appreciating 8% in the quarter.

Significant Fundraising Achievements

Carlyle announced the final close of its tenth U.S. real estate fund at $9 billion, nearly 15% larger than its predecessor. Global Credit inflows remained strong with $5.5 billion raised during the quarter.

Growth in Wealth Management Partnerships

Carlyle launched a partnership with UBS for a private equity secondary solution for international wealth clients, contributing to nearly $30 billion AUM in perpetual evergreen strategies, up nearly 40% year-over-year.

Successful Strategic Initiatives in Credit and Insurance

Asset-based finance AUM is up 40% year-over-year, and the company closed $8 billion of reinsurance contracts in July through Fortitude Re.

Carlyle Group (CG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	1.02 / -	0.95	―	―	―
Aug 06, 2025	2025 (Q2)	0.89 / 0.91	0.78	16.67% (+0.13)
May 08, 2025	2025 (Q1)	0.95 / 1.14	1.01	12.87% (+0.13)
Feb 11, 2025	2024 (Q4)	0.95 / 0.92	0.86	6.98% (+0.06)
Nov 07, 2024	2024 (Q3)	0.88 / 0.95	0.87	9.20% (+0.08)
Aug 05, 2024	2024 (Q2)	0.83 / 0.78	0.88	-11.36% (-0.10)
May 01, 2024	2024 (Q1)	0.97 / 1.01	0.63	60.32% (+0.38)
Feb 07, 2024	2023 (Q4)	0.78 / 0.86	1.01	-14.85% (-0.15)
Nov 07, 2023	2023 (Q3)	0.72 / 0.87	1.42	-38.73% (-0.55)
Aug 02, 2023	2023 (Q2)	0.67 / 0.88	1.17	-24.79% (-0.29)

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

CG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$59.77	$62.56	+4.67%
May 08, 2025	$39.44	$40.73	+3.27%
Feb 11, 2025	$50.48	$48.61	-3.70%
Nov 07, 2024	$52.80	$50.97	-3.47%

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 The Carlyle Group Lp (CG) report earnings?

The Carlyle Group Lp (CG) is schdueled to report earning on Nov 11, 2025, TBA (Confirmed).

What is The Carlyle Group Lp (CG) earnings time?

The Carlyle Group Lp (CG) earnings time is at Nov 11, 2025, TBA (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 CG EPS forecast?

CG EPS forecast for the fiscal quarter 2025 (Q3) is 1.02.

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