The record results and accelerating capital deployment signal strong momentum. Monitor the Q3 earnings call for updates on the Strategic Holdings segment's path to $350M+ in 2026 operating earnings and continued AUM growth from the Arctos acquisition and K-Series vehicles.
Price Chart
Executive Summary
KKR reported record Q2 2026 results with Fee Related Earnings (FRE) of $1.2 billion ($1.32/adj. share), up 37% YoY, and Adjusted Net Income (ANI) of $1.5 billion ($1.63/adj. share), up 40% YoY. AUM grew 16% YoY to $796 billion, driven by $34 billion in new capital raised during the quarter. The record results across FRE, TOE, and ANI per share on both a quarterly and LTM basis underscore the strength of KKR's diversified franchise and accelerating monetization activity.
Key Financial Metrics
Key Facts
- FRE of $1.2 billion ($1.32/adj. share) in Q2 2026, up 37% YoY
- ANI of $1.5 billion ($1.63/adj. share) in Q2 2026, up 40% YoY
- AUM of $796 billion as of June 30, 2026, up 16% YoY
- New capital raised of $34 billion in Q2 2026 and $133 billion in the LTM
- Capital invested of $24 billion in Q2 2026 and $104 billion in the LTM
- Record quarterly and LTM figures for FRE, TOE, and ANI per share
- Closed acquisition of Arctos Partners on May 4, 2026, adding $20 billion in AUM
- Gross unrealized carried interest of $10.2 billion as of June 30, 2026
Financial Impact
Record quarterly earnings with FRE up 37% YoY to $1.2B and ANI up 40% YoY to $1.5B
Risk Factors
- Monetization activity may decelerate if market conditions worsen
- Integration of Arctos acquisition may not achieve intended results
- Insurance operating earnings growth is modest relative to asset management
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001404912-26-000022 |
| Document: kkr-20260730.htm | 0001404912-26-000022 |
| Document: 0001404912-26-000022-index-headers.html | 0001404912-26-000022 |
| Document: 0001404912-26-000022-index.html | 0001404912-26-000022 |
| Document: 0001404912-26-000022.txt | 0001404912-26-000022 |
| 8-K Data (Synthetic) | 0001404912-26-000022 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 4w ago | 8-K | $109.72 $93.18 | ▼ −15.07% | ▼ −14.89% | $91.01 (−17.05%) |
Aug 27, 2026 5w ago | 8-K | $109.32 $95.64 | ▼ −12.51% | ▼ −12.01% | $91.01 (−16.75%) |
Jul 30, 2026 9w ago | 8-K | $100.98 $109.32 | ▲ +8.26% | ▲ +4.29% | $91.01 (−9.87%) |
May 29, 2026 17w ago | 8-K | $95.01 $91.78 | ▼ −3.40% | ▼ −2.10% | $91.01 (−4.21%) |
Apr 27, 2026 22w ago | DEFA14A | $43.91 $40.95 | ▼ −6.75% | ▼ −12.21% | $91.01 (+107.26%) |
Mar 23, 2026 27w ago | DEFA14A | $90.91 $105.92 | ▲ +16.51% | ▲ +7.61% | $91.01 (+0.11%) |
Mar 13, 2026 28w ago | DEFA14A | $86.10 $100.43 | ▲ +16.64% | ▲ +12.86% | $91.01 (+5.70%) |
Mar 2, 2026 30w ago | DEFA14A | $90.61 $90.36 | ▼ −0.28% | ▲ +7.66% | $91.01 (+0.44%) |
Feb 28, 2026 30w ago | Institutional Cluster | $90.61 $90.36 | ▼ −0.28% | ▲ +7.66% | $91.01 (+0.44%) |
Feb 27, 2026 30w ago | DEFA14A | $90.61 $90.36 | ▼ −0.28% | ▲ +7.66% | $91.01 (+0.44%) |
US Market Status
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