Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
KKR's second quarter of fiscal 2026 demonstrated the strength of its diversified alternative asset management and insurance model. Management pointed to favorable market conditions and active capital deployment as key drivers, though new business volumes in the insurance segment stepped back from prior-year highs. The company sharply increased its share repurchases, spending $233 million compared to just $3 million in the year-ago period, underscoring confidence in its valuation. Meanwhile, operating efficiency improved, with net income growing faster than revenue.
Revenue
$5.73B
+12.52% YoY
Source: SEC XBRL
KKR & Co (KKR) reported Q2 FY2026 revenue of $5.73B, up 12.5% year over year. KKR's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 1.63 | 1.43 | Beat +14.3% |
| Mar 2026 | 1.39 | 1.30 | Beat +6.6% |
| Dec 2025 | 1.30 | 1.17 | Beat +10.7% |
| Sep 2025 | 1.41 | 1.31 | Beat +7.7% |
Reported EPS of $1.63 versus the $1.43 analyst consensus — a +14.3% beat for Jun 2026.
2 reported segments · SEC XBRL
Segment revenue totals $5.73B, which is the $5.73B of consolidated revenue on the income statement.
Compiled by AI from 10-Q Item 2 of this filing
Total AUM reached $796 billion, with traditional private equity now representing less than 25% of AUM, down from over 70% in 2010, reflecting KKR's evolution into a multi-asset class global manager.
Source: 10-Q Item 2 MD&A
Global Atlantic's new business volumes declined, with individual retirement product sales falling to $2,293 million from $3,160 million and institutional volumes dropping to $1,224 million from $3,819 million year-over-year.
Source: 10-Q Item 2 MD&A
The Strategic Holdings segment, consisting of 19 companies, generated pro-rata LTM adjusted revenue of $4.5 billion and adjusted EBITDA of $1.1 billion as of March 31, 2026, providing a recurring dividend stream.
Source: 10-Q Item 2 MD&A
The U.S. federal funds rate held steady at 3.625%, while the European Central Bank raised its deposit rate to 2.25% and the Bank of Japan increased its policy rate to 1.0%, impacting global investment spreads and currency dynamics.
Source: 10-Q Item 2 MD&A
Equity markets rallied with the S&P 500 up 15.2% in Q2, and credit spreads tightened, providing a favorable backdrop for KKR's investment valuations and realizations.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
KKR's debt-to-equity ratio of 10.76 indicates substantial reliance on debt financing, which could strain financial flexibility and increase vulnerability to refinancing risk in adverse credit conditions.
Source: 10-Q Balance Sheet (XBRL)
A significant portion of KKR's revenue is derived from investment gains, carried interest, and performance fees, which are inherently volatile and subject to equity and credit market fluctuations.
Source: 10-Q Income Statement (XBRL)
With total liabilities of $334.0 billion, rising interest rates could increase borrowing costs and compress net investment spreads in the insurance segment.
Source: 10-Q Balance Sheet (XBRL)
Financing cash flow was negative $3.9 billion year-to-date, potentially reflecting heavy debt repayments or capital returns that may limit future investment capacity if sustained.
Source: 10-Q Cash Flow Statement (XBRL)
Total assets grew to $414.5 billion, with a large portion held in illiquid alternative investments and insurance assets, which could pose valuation and liquidity challenges during market stress.
Source: 10-Q Balance Sheet (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 5.73 $B | 5.09 $B | +12.52% |
Net Income $M | 700.48 $M | 510.12 $M | +37.32% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
KKR delivered strong Q1 FY2026 results with revenue surging 38.8% YoY to $4.32B and a return to profitability with net income of $405.2M, though operating cash flow declined 31.5% and the firm carries a high debt-to-equity ratio of 10.86x.
KKR's FY2025 10-K shows revenue declining 11.0% to $19.5B and net income falling 22.9% to $2.4B, while total assets grew 13.9% to $410.1B and stockholders' equity surged 30.7%, reflecting the firm's continued balance sheet expansion amid softer earnings.
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