KKR & Co. Inc.

Q2 FY26Capital Markets

KKR & Co. Inc. Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹94

Market cap₹84.4K Cr

P/E32.3

Published29 May 2026

What the Q2 FY26 call signalled

3 of 4 strong

RevenueRank 2

MarginRank 3

CapexYes

FundraiseYes

Not discussed on this call: order book.

The short version

- KKR sees strong long-term growth opportunities across multiple strategies and geographies, with diversified fundraising efforts raising $127 billion over the trailing 12 months. - KKR expects to exceed 2026 targets for fundraising, strategic holdings operating earnings, and fee-related earnings (FRE) per share.

From KKR & Co. Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Rank 2

KKR sees strong long-term growth opportunities across multiple strategies and geographies, with diversified fundraising efforts raising $127 billion over the trailing 12 months.
Private equity fundraising is robust, exemplified by the $23 billion North America 14 fund close.
The K-Series wealth platform AUM grew 80% year-over-year to $38 billion as of March 31, with continued optimism despite short-term redemption noise.
Digital infrastructure and data centers remain key growth themes; KKR has invested over $40 billion, with six global data center platforms and active deployment ongoing.
Monetization revenue remains strong, with over $1.2 billion in forward monetization transactions expected, supporting near-term revenue visibility.
Disciplined capital allocation supports durable earnings growth, and buybacks capitalize on perceived market volatility.
Guidance for 2026 ANI was initially above $7 per share but now anticipates modestly below due to temporarily challenging conditions, with delayed monetizations expected to shift beyond 2026.

Profitability & Margins

KKR expects to exceed 2026 targets for fundraising, strategic holdings operating earnings, and fee-related earnings (FRE) per share.
Adjusted net income (ANI) was initially targeted to reach $7+ per share in 2026, representing ~45% year-over-year growth, but current visibility is modestly reduced; actual ANI may fall below $7.
Any delayed monetizations impacting 2026 earnings are expected to shift into 2027 or later, not lost.
Fee-related earnings per share grew 23% YoY in Q1 2026, with strong management fee growth (~20% excluding catch-up fees).
Total operating earnings per share increased 18% YoY; adjusted net income per share was up 20% YoY.
Embedded gains are near record levels (~$18 billion), indicating strong portfolio and future earnings power.
KKR maintains confidence in durable earnings growth driven by diversified strategies and geographic reach.

See what KKR & Co. Inc. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

KKR has made a significant strategic acquisition by closing the acquisition of Arctos, a leading investor in professional sports franchises and GP solutions, with $16 billion AUM and $10 billion fee-paying AUM (Page 3).
Actively investing in digital infrastructure, including a $50 billion joint venture with Energy Capital Partners focused on data centers and related infrastructure; over $40 billion invested in digital infrastructure to date with strong returns (Page 14).
Continued deployment across private equity, credit, and real assets with a focus on Asia private equity, tech growth, healthcare growth, climate strategy, and infrastructure (Page 7).
The firm is thoughtful and disciplined in capital allocation, including share repurchases with an additional $500 million authorized for buybacks, targeting attractive risk-adjusted returns amid sector volatility (Page 3).
Focus on broad-based employee ownership programs across portfolio companies to drive value creation and operational efficiency (Page 8).

Fundraising & Capital Structure

KKR raised $28 billion of new capital in the quarter, with strong demand across asset classes and geographies.
Credit fundraising was a highlight, with $15 billion raised, driven by asset-based finance ($90 billion AUM).
Capital raising pipelines remain strong, with meaningful inbound interest from institutions for direct lending, seen as an attractive entry point amid current market dislocation.
KKR completed the final close of its North America 14 private equity fund at $23 billion.
The partnership with Capital Group is progressing well, with product development and initial deployment across credit and private equity.
Fundraising is diversified across strategies (private equity, credit, real assets) and geographies (including Asia private equity, tech and healthcare growth, infrastructure, and K-Series).
Despite market noise and some expected Q2 slowdowns, overall confidence remains high for continuing fundraising momentum and fee-related earnings growth.

See what KKR & Co. Inc. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The document does not provide explicit details on "Current/ Expected Orderbook/ Pending Orders" in the traditional sense often used in manufacturing or sales contexts. However, relevant points touching on deal pipelines and monetization include: - KKR reported a healthy pipeline of realizations across strategies and regions, with gross monetization revenues in Q1 up more than 50% year-over-year. - Since March 31, signed transactions and exits expected to close represent over $1.2 billion of gross monetization revenue—the largest forward monetization figure in KKR's history. - Data center investments are active, with six global platforms and ongoing deployment across various pools and geographies. - The Arctos acquisition adds approximately $10 billion of fee-paying AUM, with plans to grow to $100 billion-plus AUM. - Continued fundraising efforts across private equity and wealth products with substantial committed but uncalled capital ($125 billion). No specific "orderbook" figure is detailed, but the above highlights strong deal activity and monetization pipeline.

How does KKR & Co. Inc. rank vs peers in Capital Markets?

Pro feature

ThisKKR & Co. Inc.

Rev 2Mar 3

See where KKR & Co. Inc. sits in Capital MarketsSee which companies these are, and every other name in the sector.Open rankings

Others in Capital Markets this season

SEI Investments Company (Q2 FY26)
SEI Investments Company Q2 FY26 quarterly results analysis. Strong sales momentum in Investment Manager Services (IMS), driven by large alternative manager wins
Invesco Ltd. (Q2 FY26)
Invesco Ltd. Q2 FY26 quarterly results analysis. Continued organic growth with strong net long-term asset inflows, marking the 11th straight quarter of net infl
Evercore Inc. (Q2 FY26)
Evercore Inc. Q2 FY26 quarterly results analysis. Business outlook is positive with record performance recently, indicating strong activity levels across most b
Ares Capital Corporation (Q2 FY26)
Ares Capital Corporation Q2 FY26 quarterly results analysis. The software portfolio companies maintain a consistent EBITDA growth rate of approximately 9% year-

Compare:vs BlackRock, Inc.vs Interactive Brokers Group, Inc.vs S&P Global Inc.

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were KKR & Co. Inc. Q2 FY26 results?

What is KKR & Co. Inc. share price analysis?

KKR & Co. Inc. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 32.3 with a market cap of $84,427. Investors should review the full earnings analysis for detailed insights.

Is KKR & Co. Inc. planning capital expenditure?

- KKR has made a significant strategic acquisition by closing the acquisition of Arctos, a leading investor in professional sports franchises and GP solutions, with $16 billion AUM and $10 billion fee-paying AUM (Page 3).

Keep KKR & Co. Inc. on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.