KKR & Co. Inc. (KKR) Earnings Call Transcripts
KKR & Co. Inc.'s Latest Earnings Call - Q2 FY2026
In Q2 2026, KKR & Co. Inc. reported record financial results, with fee-related earnings (FRE) per share at $1.32, up 34% year-over-year, and adjusted net income per share at $1.63, up 38% year-over-year. Total operating earnings also reached a record of $1.68 per share, reflecting a 27% increase year-over-year. The firm raised $34 billion in new capital during the quarter, contributing to a total of $305 billion raised since the beginning of 2024, exceeding their three-year target. Management maintained a positive outlook, citing strong growth drivers and a robust pipeline for future earnings growth.
Reported metrics
| Metric | Value |
|---|---|
| Fee-Related Earnings (FRE) per Share | $1.32 (beat) |
| Total Operating Earnings per Share | $1.68 (beat) |
| Adjusted Net Income per Share | $1.63 (beat) |
| New Capital Raised in Q2 | $34 billion (positive) |
| Insurance Segment Operating Earnings | $288 million (null) |
| Total Insurance Economics | $2 billion (positive) |
Guidance from management
Management maintained a positive outlook, emphasizing strong growth drivers and a robust pipeline for future earnings growth, particularly in infrastructure and private equity. They expect continued momentum in fundraising and operational performance.
What management said
Yes. Devin, it's Scott. Just the way I think about it, you got 3 businesses. Sports fast-growing incumbent already the largest player, but the space is young. GP solutions were on Fund -- we have a differentiated model seems like there's a ton of opportunity and growth ahead, pipeline is big. And then we have a third space secondaries, which is the startup in a very large TAM. I don't know how the $100-plus billion...
Yes. It's Scott. I'd say a couple of things. One, it's a company, not a fund. And so I would think of it as more permanent in nature. In terms of the size target, don't have one. We think the opportunity is in the tens of billions of dollars we launched with $10-plus billion just with the founding investors, but we're continuing to talk to investors about large-scale participation, and we expect that will be an ongo...
What analysts pressed on
Analysts expressed concerns about potential risks in the private credit space and the impact of AI on certain sectors within KKR's portfolio. There were also questions regarding the sustainability of recent fundraising success amidst market volatility.
Main topics on the call
- Record Fundraising — KKR raised $34 billion in new capital during Q2, bringing total capital raised over the last twelve months to $305 billion, exceeding their three-year target of $300 billion set in April 2024. Management highlighted that...
- Strong Earnings Growth — The firm reported record FRE per share of $1.32, total operating earnings of $1.68, and adjusted net income per share of $1.63, all reflecting substantial year-over-year growth. Management emphasized that these results d...
- Infrastructure and AI Investment — KKR announced the formation of Helix, a digital infrastructure company with over $10 billion of initial committed capital, aimed at capitalizing on the AI infrastructure build-out. This initiative is seen as a significan...
- Insurance Segment Performance — The insurance segment reported operating earnings of $288 million in Q2, with management noting that the alternatives portfolio is maturing and expected to contribute positively to future earnings. The total insurance ec...
Read the full KKR & Co. Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About KKR & Co. Inc.
KKR & Co. Inc. (KKR) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 68 calls on record spanning January 31, 2020 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 68 KKR & Co. Inc. earnings call transcripts on record, spanning January 31, 2020 to July 30, 2026. Based on this history, KKR & Co. Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- KKR
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 68
- First call
- January 31, 2020
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly