KKR & Co. Inc. (KKR) Q3 FY2026 earnings

Reported results

• GAAP Net Income Attributable to KKR & Co. Inc. Common Stockholders was $1,121,176 thousand ($1.19 per diluted share) for 3Q 2026, compared to $859,927 thousand ($0.90 per diluted share) in 3Q 2025.
• Total GAAP Revenues were $4,563,679 thousand for 3Q 2026, compared to $5,525,975 thousand in 3Q 2025.
• Fee Related Earnings (‘FRE’) (non-GAAP) was $1,315,970 thousand ($1.42 per adjusted share) for 3Q 2026, up 27% year-over-year.
• Total Operating Earnings (‘TOE’) (non-GAAP) was $1,737,817 thousand ($1.88 per adjusted share) for 3Q 2026, up 25% year-over-year.
• Adjusted Net Income (‘ANI’) (non-GAAP) was $1,645,493 thousand ($1.78 per adjusted share) for 3Q 2026, up 29% year-over-year.
• Assets Under Management (‘AUM’) reached $804 billion as of September 30, 2026, while Fee Paying Assets Under Management (‘FPAUM’) reached $648 billion.

Guidance

• In 2026, KKR expects to return more than $40 billion to clients, exceeding its previous annual record by more than 50%.
• Subject to closing in 4Q’26, the sale of USI Insurance Services is expected to generate approximately $2.0 billion of ANI, or over $2.00 ANI per share in 4Q’26 results.

Notes

Effective 1Q 2026, KKR changed the presentation of certain operating expenses in its Consolidated Statements of Operations to present them in a single line item, Policy and Other Operating Expense. In addition, beginning in 2Q 2026, realized performance fees from K-Series Private Equity vehicles were reclassified to Fee Related Performance Revenues within Fee Related Earnings.

Price and volatility reaction

The stock moved +1.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -3.8 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.