Carlyle Group Inc.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 5 November 2026: press release. Guidance figures: 1 kept. The quarter’s numbers.

Key takeaways

Pre-tax result was a loss: The company reported a loss before income taxes of $77 million, with a margin of 23.0% on that loss. The second-quarter release had shown income before taxes of $274 million at a 24.4% margin. Source
Distributable earnings per share on record: Management said the quarter was among the top on record for Distributable Earnings per share. Source
Distributions approaching $100 billion since 2024: Management said distributions since the beginning of 2024 are approaching $100 billion. Source
Assets under management declined: Assets under management were $479 billion at September 30, 2026, against $485 billion at June 30, 2026, per the two releases. Source
Pending fee-earning AUM near record: Management said pending fee-earning AUM is at near-record levels. Source
Fundraising described as early stage: The CEO said the firm is in the early stages of a fundraising super-cycle. Source

“Our third quarter results reflect the strength of Carlyle’s diversified global platform and the significant momentum we continue to build across the firm.”
Harvey M. Schwartz, Carlyle Chief Executive Officer

Guidance

Area	Period	Figure	Against last quarter
Quarterly dividend Source	Dividend declared for holders of record on November 16, 2026, payable November 23, 2026	$0.35 per common share	Kept

Results and profit measures

Pre-tax result was a loss: The company reported a loss before income taxes of $77 million, with a margin of 23.0% on that loss. The second-quarter release had shown income before taxes of $274 million at a 24.4% margin. Source
Distributable earnings per share on record: Management said the quarter was among the top on record for Distributable Earnings per share. Source
Second-quarter fee earnings were record: In the prior release management cited record Fee Related Earnings and the highest Distributable Earnings in nearly four years.

Capital returned to investors

Distributions approaching $100 billion since 2024: Management said distributions since the beginning of 2024 are approaching $100 billion. Source
Second-quarter distributions nearly $7 billion: The second-quarter release reported nearly $7 billion distributed during that quarter and $37 billion over the past year.
Described as outlier in capital return: The CEO said Carlyle is distinguishing itself as an outlier in returning capital to investors. Source

“We delivered one of our strongest quarters of Distributable Earnings per share on record”
Harvey M. Schwartz, Carlyle Chief Executive Officer

Assets and fundraising

Assets under management declined: Assets under management were $479 billion at September 30, 2026, against $485 billion at June 30, 2026, per the two releases. Source
Pending fee-earning AUM near record: Management said pending fee-earning AUM is at near-record levels. Source
Fundraising described as early stage: The CEO said the firm is in the early stages of a fundraising super-cycle. Source

Platform, segments and headcount

Three business segments: The company said it deploys private capital across three segments: Global Private Equity, Global Credit and Carlyle AlpInvest. Source
Headcount above 2,600: The company employs more than 2,600 people, up from more than 2,500 in the prior release, across 28 offices. Source
No segment figures in release: The release gives no segment-level results and refers readers to the detailed presentation at ir.carlyle.com. Source

“the early stages of a powerful fundraising super-cycle, we are exceptionally well positioned to accelerate growth in the years ahead”
Harvey M. Schwartz, Carlyle Chief Executive Officer

Management view and call

Platform and momentum credited: The CEO attributed the quarter's results to the diversified global platform and momentum the firm continues to build. Source
Positioned to accelerate growth: The CEO said Carlyle is exceptionally well positioned to accelerate growth in the years ahead. Source
Results call scheduled: Management hosted a conference call at 8:30 a.m. EST on November 5, 2026, to discuss the quarter. Source

Dividend rate and dates

Quarterly dividend held at $0.35: The board declared a quarterly dividend of $0.35 per common share, the same rate as the prior quarter. Source
Prior dividend dates in August: The second-quarter release set holders of record on August 17, 2026 and payment on August 26, 2026.
November dividend dates set: The current dividend is payable to holders of record on November 16, 2026, with payment on November 23, 2026. Source

Figures management reported

Figure	Reported
Assets under management Source	$479 billion at September 30, 2026
Pending fee-earning AUM Source	near-record levels
Employees Source	more than 2,600
Offices Source	28 offices across four continents
Distributions since beginning of 2024 Source	approaching $100 billion

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 Third Quarter 2026 Financial Results

Washington,

D.C. and New York, NY - November 5, 2026 - The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the third quarter ended September 30, 2026. The full detailed presentation of

Carlyle’s third quarter 2026 results can be viewed at ir.carlyle.com.

U.S. GAAP results for Q3 2026 included loss before provision for income taxes of $77 million and a margin on loss before provision for income taxes of 23.0%.

Carlyle Chief Executive Officer Harvey M. Schwartz said, “Our third quarter results reflect the strength of Carlyle’s diversified global platform and the significant momentum we continue to build across the firm. We delivered one of our strongest quarters of Distributable Earnings per share on record, while distinguishing ourselves as an outlier in returning capital to our investors, approaching $100 billion in distributions since the beginning of 2024. With near- record levels of Pending Fee-earning AUM and the early stages of a powerful fundraising super-cycle, we are exceptionally well positioned to accelerate growth in the years ahead.”

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 November 16, 2026, payable on November 23, 2026.

Conference Call

Carlyle will host a conference call at 8:30 a.m. EST on Thursday, November 5, 2026, to discuss its third 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 $479 billion of assets under management as of September 30, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,600 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
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