KKR's second quarter adjusted EPS of $1.63 crushes estimates, driven by record earnings and strong monetization.

KKR & Co. Inc. reported strong second quarter 2026 results, posting record figures for several key non-GAAP earnings metrics. Adjusted Net Income per share rose significantly, driven by a rebound in monetization and continued growth in fee-based income. Assets Under Management also saw steady growth, increasing 16% from the prior year.

Key Highlights

• Adjusted Net Income (ANI) increased 40% year-over-year to a record $1.5 billion, or $1.63 per share, significantly exceeding analyst expectations.
• Fee Related Earnings (FRE) grew 37% to $1.2 billion ($1.32 per share), another quarterly record, highlighting the strength of the firm's recurring management and transaction fees.
• Assets Under Management (AUM) rose 16% year-over-year to $796 billion, bolstered by $34 billion in new capital raised during the quarter.