Carlyle Group Inc.: Q1 FY2026 earnings call

What management said about Q1 FY2026, from the documents filed with the SEC on 7 May 2026: press release. Guidance figures: 1 kept. The quarter’s numbers.

Key takeaways

Pre-tax result was a loss: The company reported a U.S. GAAP loss before provision for income taxes of $179 million, with a margin on that loss of 70.5%. Source
Prior quarter showed pre-tax income: The prior-quarter release reported U.S. GAAP income before income taxes of $462 million and a 24.3% margin for the quarter ended December 31, 2025.
AlpInvest growth cited by management: Management said Carlyle AlpInvest had another quarter of growth. The release gives no AlpInvest revenue, fee or asset figures. Source
Record U.S. Buyout realizations: Management said the quarter was a record for U.S. Buyout realizations. No dollar amount or count for the record is given. Source
Assets under management at $475 billion: Assets under management were $475 billion at March 31, 2026. The prior-quarter release reported $477 billion at December 31, 2025. Source
Quarterly dividend declared, payable May 28: The Board declared a quarterly dividend, payable May 28, 2026, to holders of record on May 18, 2026. Source
Confidence in 2028 targets reaffirmed: Management said the quarter reinforced its confidence in the path to the 2028 targets laid out at the February Shareholder Update. The release does not restate those targets. Source

“Our first quarter results reflect continued momentum executing against our strategic plan.”
Carlyle Chief Executive Officer Harvey M. Schwartz

Guidance

Area	Period	Figure	Against last quarter
Dividend Source	Quarterly dividend, record date May 18, 2026, payable May 28, 2026	$0.35 per common share	Kept

Results and growth drivers

Pre-tax result was a loss: The company reported a U.S. GAAP loss before provision for income taxes of $179 million, with a margin on that loss of 70.5%. Source
Prior quarter showed pre-tax income: The prior-quarter release reported U.S. GAAP income before income taxes of $462 million and a 24.3% margin for the quarter ended December 31, 2025.
Management cites continued momentum: Management said the first quarter results reflect continued momentum in executing the strategic plan. Source

Segments and business lines

AlpInvest growth cited by management: Management said Carlyle AlpInvest had another quarter of growth. The release gives no AlpInvest revenue, fee or asset figures. Source
Record U.S. Buyout realizations: Management said the quarter was a record for U.S. Buyout realizations. No dollar amount or count for the record is given. Source
Three business segments: Carlyle deploys private capital across three business segments: Global Private Equity, Global Credit and Carlyle AlpInvest. Source

“each reinforcing our confidence in the path to achieving the 2028 targets we laid out at our February Shareholder Update.”
Carlyle Chief Executive Officer Harvey M. Schwartz

Fundraising, assets and disclosure

Fundraising started the year: Management said fundraising for both institutional and wealth clients had a start to the year. No fundraising totals are given. Source
Assets under management at $475 billion: Assets under management were $475 billion at March 31, 2026. The prior-quarter release reported $477 billion at December 31, 2025. Source
Detail sits in investor presentation: Segment revenue, earnings and fundraising detail are in a detailed presentation posted on the company's investor relations site. Source

Capital and shareholder returns

Quarterly dividend declared, payable May 28: The Board declared a quarterly dividend, payable May 28, 2026, to holders of record on May 18, 2026. Source
Full-year 2025 distributions were $1.40: The prior-quarter release said the Board declared $1.40 in aggregate distributions to common shareholders for full-year 2025.
Quarterly dividend amount unchanged: The dividend equals the $0.35 quarterly amount declared in the February release, with a record date of February 16, 2026.

Strategy, targets and leadership

Confidence in 2028 targets reaffirmed: Management said the quarter reinforced its confidence in the path to the 2028 targets laid out at the February Shareholder Update. The release does not restate those targets. Source
CEO Harvey Schwartz named as speaker: Carlyle Chief Executive Officer Harvey M. Schwartz is the only executive quoted in the release. Source

Employees and footprint

More than 2,500 people in 28 offices: The company said it employs more than 2,500 people in 28 offices across four continents. Source
Office count was 27 previously: The prior-quarter release gave the same headcount figure with 27 offices across four continents.
Restated purpose of the company: The release restates the company's purpose: to invest wisely and create value for investors, portfolio companies and communities. Source

Coming up, as management said on 7 May 2026

Dividend payment on May 28: The quarterly dividend is payable May 28, 2026, to holders of record at the close of business on May 18, 2026. Source

Figures management reported

Figure	Reported
Assets under management at March 31, 2026 Source	$475 billion

Earlier plans management reported on

Not stated: Management said the quarter reinforced confidence in the path to the 2028 targets set out in February. It did not state progress against them. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

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Carlyle Reports First Quarter 2026 Financial Results

Washington,

D.C. and New York, NY - May 7, 2026 - The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the first quarter ended March 31, 2026. The full detailed presentation of Carlyle’s first quarter 2026 results can be viewed at ir.carlyle.com.

U.S. GAAP results for Q1 2026 included loss before provision (benefit) for income taxes of $179 million and a margin on loss before provision (benefit) for income taxes of 70.5%.

Carlyle Chief Executive Officer Harvey M. Schwartz said, “Our first quarter results reflect continued momentum executing against our strategic plan. Carlyle AlpInvest delivered another quarter of exceptional growth, fundraising for both institutional and wealth clients had a strong start to the year, and we had a record quarter for U.S. Buyout realizations - each reinforcing our confidence in the path to achieving the 2028 targets we laid out at our February

Shareholder Update. We remain disciplined and focused, and our conviction in Carlyle's long-term earnings trajectory has never been stronger.”

Dividend

The Board of Directors has declared a quarterly dividend of $0.35 per common share to holders of record at the close of business on May 18, 2026, payable on May 28, 2026.

Conference Call

Carlyle will host a conference call at 8:30 a.m. EDT on Thursday, May 7, 2026, to announce its first quarter 2026 financial results. The conference call will be available via public webcast from the Events & Presentations section of ir.carlyle.com and a replay will also be available on our website soon after the call’s completion.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on

X @OneCarlyle and LinkedIn at The Carlyle Group.

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Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions and statements that are not historical facts, including our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, contingencies, and our dividend policy. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,”

“predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties, and assumptions. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements including, but not limited to, those described in this press release and under the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the

U.S. Securities and Exchange Commission (“SEC”) on February 27, 2026, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other periodic filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable law.

This press release does not constitute an offer for any Carlyle fund.

Contacts
Public Investor Relations · Daniel Harris · Phone: +1 (212) 813-4527 · daniel.harris@carlyle.com
Media · Brittany Bensaull · Phone: +1 (212) 813-4839 · brittany.bensaull@carlyle.com