KKR (KKR) Q2 FY2026 earnings: revenue $5.7 billion, up 12.5% on the year

KKR & Co. Inc. (KKR) reported revenue of $5.7 billion for Q2 FY2026, the quarter ended 30 June 2026, up 12.5% on the same quarter a year earlier. Net income was $700 million, up 37.3% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue

$5.7 billion

+12.5% on the year · +32.6% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

n/a

Q3 FY2024Q2 FY2026

Net income

$700 million

+37.3% on the year · +72.9% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$0.70

+40.0% on the year · +84.2% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 kept.

Quarterly per-share earnings rose: FRE was $1.2 billion ($1.32 per adjusted share), TOE $1.5 billion ($1.68), and ANI $1.5 billion ($1.63), each up year-over-year, with FRE up 37%, TOE up 29% and ANI up 40%.
Record per-share measures: Management said the per-share FRE, TOE and ANI figures are record figures for KKR as a public company on quarterly and LTM bases.
Fee-related performance revenue reclassified: Fee related performance revenues were $254.7 million in the quarter, against $53.7 million a year earlier. About $160 million of K-Series private equity performance revenue is now included, moved from net realized performance income.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	5,726	4,318	5,089	+32.6%	+12.5%
Interest expense	n/a	n/a	707
Pre-tax income	1,374	463	1,529	+196.8%	-10.1%
Income tax	246	185	174	+32.8%	+41.2%
Effective tax rate	17.9%	40.0%	11.4%
Net income	700	405	510	+72.9%	+37.3%
Net margin	12.2%	9.4%	10.0%
Diluted EPS	$0.70	$0.38	$0.50	+84.2%	+40.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	3,253	1,747	439	+86.2%	+641.3%
Cash from investing	635	2,348	-1,890	-73.0%
Cash from financing	-2,186	-1,693	991
Depreciation and amortisation	n/a	-77.4	n/a
Share-based compensation	226	180	174	+25.4%	+30.1%
Buybacks	42.0	191	3.4	-78.1%	+1,148.5%
Dividends paid	175	165	165	+6.3%	+6.3%
Dividend per share	$0.20	$0.18	$0.18	+5.4%	+5.4%
Diluted shares, weighted	946m	954m	954m	-0.9%	-0.9%
Shares outstanding at period end	898m	889m	891m	+0.9%	+0.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	31,047	30,496	28,219	+1.8%	+10.0%
Non-controlling interest	46,335	47,515	40,756	-2.5%	+13.7%
Redeemable equity	3,068	2,795	1,994	+9.8%	+53.9%
Debt	53,477	52,989	51,210	+0.9%	+4.4%
Other liabilities	280,536	278,290	258,689	+0.8%	+8.4%
Total liabilities and equity	414,463	412,085	380,868	+0.6%	+8.8%
Securities held for sale or to maturity	88,057	87,113	82,089	+1.1%	+7.3%
Loans	48,754	52,780	52,891	-7.6%	-7.8%
Cash and equivalents	21,202	19,485	18,056	+8.8%	+17.4%
Other assets	256,450	252,707	227,831	+1.5%	+12.6%
Total assets	414,463	412,085	380,868	+0.6%	+8.8%

Questions

What was KKR's revenue in Q2 FY2026?

KKR (KKR) reported revenue of $5.7 billion for Q2 FY2026, the quarter ended 30 June 2026, up 12.5% on the same quarter a year earlier.

How much did KKR earn in Q2 FY2026?

Net income for Q2 FY2026 was $700 million, up 37.3% on the year, and diluted earnings per share $0.70.

When did KKR report Q2 FY2026 results?

KKR filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 6 August 2026.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	4,483	4,054	999	323	1,858	2,529	3,127	3,627	3,315	4,430	9,657	4,172	4,792	3,258	3,110	5,089	5,526	5,739	4,318	5,726
Interest expense	278	275	282	329	392	549	576	720	724	751	754	783	722	775	654	707	723	692	n/a	n/a
Pre-tax income	3,661	1,027	1,289	-1,917	206	51.0	408	1,451	2,819	1,876	1,363	1,210	1,645	1,643	771	1,529	2,200	2,600	463	1,374
Tax rate	10%	19%	3%	n/a	40%	183%	36%	22%	16%	15%	20%	18%	13%	16%	11%	11%	16%	13%	40%	18%
Net income	1,157	525	7.5	-717	49.9	100	340	862	1,490	1,040	682	668	601	1,126	-186	510	900	1,146	405	700
Net margin	26%	13%	1%	-222%	3%	4%	11%	24%	45%	23%	7%	16%	13%	35%	-6%	10%	16%	20%	9%	12%
Diluted EPS	$1.80	$0.78	-$0.12	-$1.22	-$0.11	n/a	$0.36	$0.94	$1.64	$1.15	$0.74	$0.72	$0.64	$1.18	-$0.22	$0.50	$0.90	$1.16	$0.38	$0.70
Operating cash flow	-2,251	-3,618	917	-4,063	-1,485	-648	-1,933	-2,639	1,971	1,107	1,527	3,358	1,876	-112	2,550	439	2,390	-4,900	1,747	3,253
Buybacks	0.0	134	347	0.0	0.0	0.0	0.0	272	17.6	0.0	n/a	n/a	0.0	n/a	0.0	3.4	0.0	0.0	191	42.0
Dividends paid	84.5	84.8	85.7	91.9	133	133	133	142	142	146	146	155	155	155	155	165	165	165	165	175
Shares outstanding	583m	596m	590m	860m	860m	861m	861m	858m	885m	885m	885m	887m	887m	888m	888m	891m	891m	891m	889m	898m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 6 August 2026: the filing.