KKR's Q3 profit rises on higher fee income, monetization
KKR•KKR reported record quarterly profit, with adjusted net income up 29% to $1.6 billion, or $1.78 per share. It expects to return more than $40 billion to clients in 2026.
1. Quarterly results
KKR said higher management fees from organic growth in fee-paying assets under management and higher fee-related performance revenues drove growth in fee-related earnings. Record capital returned to clients also drove growth in monetization revenue.
2. 2026 outlook
KKR expects to return more than $40 billion to clients in 2026, exceeding its previous annual record by more than 50%. It expects the USI sale to close in the fourth quarter of 2026 and generate about $2.0 billion in adjusted net income, or more than $2.00 per share.
