KKR's first quarter 2026 adjusted EPS of $1.39 beats estimates, driven by 24% growth in fee-related earnings.

KKR reported strong first quarter 2026 results, with double-digit growth across its key earnings metrics. The firm's Adjusted Net Income (ANI) per share was $1.39 on Fee Related Earnings (FRE) of $1.0 billion. Assets Under Management (AUM) continued to expand, reaching $758 billion, supported by significant new capital raised during the quarter.

Key Highlights

• Fee Related Earnings (FRE) increased 24% year-over-year to $1.0 billion, demonstrating robust growth in the firm's recurring revenue streams.
• Assets Under Management (AUM) grew 14% year-over-year to $758 billion, with the firm raising $28 billion of new capital in the quarter.
• Total Operating Earnings (TOE), a measure of durable and recurring earnings, rose 19% year-over-year to $1.3 billion.
• The firm deployed $22 billion of capital during the quarter and raised its quarterly common stock dividend by 5% on an annualized basis to $0.195 per share.