KKR
KKR & Co. Inc.133.38
-1.43-1.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A eases AI fears, affirms momentum
Q&A directly tackled AI and tariff fears, revealing single-digit tariff exposure and software at just 7% of AUM after years of de-risking sales. Monetization visibility doubled year-over-year to over $900 million, signaling accelerating realizations. Management expects record deployment to rise further in 2026, fueled by global opportunities and volatility. They touted operating leverage with management fees up 46% versus 21% opex since 2022, boosting FRE confidence. Analysts' macro concerns drew crisp rebuttals. Dry powder positions KKR for dislocations. Watch 2026 deployment and monetization cadence.
Key Stats
Market Cap
123.50BP/E (TTM)
56.28Basic EPS (TTM)
2.37Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
KKR & Co. Inc. capped FY2025 with $744B AUM, up 17% y/y, fueled by $129B new capital raised across private equity ($27B), real assets ($34B), and credit ($68B); management fees hit $4.1B, +18% y/y, as FPAUM swelled 18% to $604B. Q4 accelerated with $24B capital invested (vs. $21B Q3), management fees up 5% q/q, and $1.9B realized performance income, including $344M Asian Fund II clawback repayment (net $207M hit). Strategic Holdings delivered $162M dividends, net, +113% y/y, from 19 core PE firms generating $1.1B pro-rata EBITDA. Liquidity robust at $4.8B cash/short-term investments; $439M remains for buybacks. Clawback provisions risk quarterly momentum.
8-K
Record results, Arctos deal announced
KKR posted record 2025 results with Fee Related Earnings up 14% to $3.7B, AUM at $744B (up 17%), and $129B new capital raised. Signed definitive agreement to acquire Arctos Partners, managing $15B in sports stakes and asset manager solutions, launching KKR Solutions for scaled secondaries. Subject to regulatory and sports approvals. Dividend rising to $0.78 annualized.
8-K
KKR acquires Arctos for $1.4B
KKR Summit Holdings, a KKR subsidiary, signed a definitive agreement on February 4, 2026, to buy Arctos Partners for $1.4 billion initial consideration—$300 million cash plus $1.1 billion in equity securities at $130.62 per share, some unregistered. Arctos manages $15 billion AUM in sports stakes and GP solutions; Closing awaits regulatory and sports approvals. Deal accretes per share metrics post-close. Equity vests through 2033; up to $550 million more ties to performance.
8-K
Global Atlantic taps $3B facility
KKR's Global Atlantic unit secured a $3.00 billion unsecured revolving credit facility on January 16, 2026, expandable to $3.50 billion, maturing January 15, 2027. Funds target working capital, corporate purposes, and growth. No short-term drama here. It carries SOFR-based rates plus 1.10%-1.375% margin and a 35% debt-to-capitalization covenant.
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