Carlyle Group Inc.CGEarnings & Financial Report
The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management.
CG Q4 2025 Key Financial Metrics
Revenue
$1.9B
Gross Profit
N/A
Operating Profit
$461.8M
Net Profit
$358.1M
Gross Margin
N/A
Operating Margin
24.3%
Net Margin
18.8%
YoY Growth
84.1%
EPS
$0.96
Financial Flow
Carlyle Group Inc. Q4 2025 Financial Summary
Carlyle Group Inc. reported revenue of $1.9B (up 84.1% YoY) for Q4 2025, with a net profit of $358.1M (up 69.8% YoY) (18.8% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $1.9B |
|---|---|
| Net Profit | $358.1M |
| Gross Margin | N/A |
| Operating Margin | 24.3% |
| Report Period | Q4 2025 |
Revenue Breakdown
Carlyle Group Inc. Q4 2025 revenue of $1.9B breaks down across 8 segments, led by Fund Management Fee at $606.8M (31.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Fund Management Fee | $606.8M | 31.9% |
| Other | $528.7M | 27.8% |
| Global Private Equity Segment | $307.3M | 16.2% |
| Global Credit Segment | $238.0M | 12.5% |
| Carlyle Alp Invest Segment | $124.6M | 6.6% |
| Incentive Fee | $55.4M | 2.9% |
| Fee Related Performance Revenues | $29.2M | 1.5% |
| Investment Advice | $11.1M | 0.6% |
Carlyle Group Inc. Revenue by Segment — Quarterly Trend
Carlyle Group Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Fund Management Fee and Other) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Fund Management Fee | $606.8M | — | — | — |
| Other | $528.7M | $7.0M | $126.7M | — |
| Global Private Equity Segment | $307.3M | — | $309.3M | $297.5M |
| Global Credit Segment | $238.0M | — | $239.6M | $231.8M |
| Carlyle Alp Invest Segment | $124.6M | $151.5M | $127.3M | $113.6M |
Carlyle Group Inc. Annual Revenue by Year
Carlyle Group Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.8B). Click any linked year to see what changed vs the prior annual report.
Carlyle Group Inc. Quarterly Revenue & Net Profit History
Carlyle Group Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.9B | +84.1% | $358.1M | 18.8% |
| Q3 2025 | $332.7M | -87.4% | $900.0K | 0.3% |
| Q2 2025 | $1.6B | +47.0% | $319.7M | 20.3% |
| Q1 2025 | $973.1M | +41.4% | $130.0M | 13.4% |
| Q4 2024 | $1.0B | +11.5% | $210.9M | 20.4% |
| Q3 2024 | $2.6B | +267.7% | $595.7M | 22.6% |
| Q2 2024 | $1.1B | +131.5% | $148.2M | 13.9% |
| Q1 2024 | $688.4M | -19.9% | $65.6M | 9.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $688.4M | $1.07B | $2.64B | $1.03B | $973.1M | $1.57B | $332.7M | $1.90B |
| YoY Growth | -19.9% | 131.5% | 267.7% | 11.5% | 41.4% | 47.0% | -87.4% | 84.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $20.85B | $22.28B | $22.66B | $23.10B | $24.10B | $25.07B | $27.06B | $29.12B |
| Liabilities | $15.11B | $16.55B | $16.32B | $16.76B | $17.71B | $18.35B | $20.21B | $22.06B |
| Equity | $5.74B | $5.73B | $6.34B | $6.35B | $6.39B | $6.72B | $6.85B | $7.06B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $71.1M | $-1.27B | $791.9M | $-352.8M | $-352.1M | $-168.8M | $-1.56B | $-1.20B |