Carlyle (CG) Operating Expenses (2011 - 2026)
Carlyle's quarterly Operating Expenses came in at $368.6 million in Q1 2026, down 54.39% year-on-year from $808.2 million in Q1 2025, and down 73.31% quarter-over-quarter from $1.4 billion in Q4 2025.
Carlyle has reported Operating Expenses for 16 years, with the latest figure at $368.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 54.39% year-over-year to $368.6 million; the trailing twelve-month figure through Mar 2026 stood at $3.3 billion (down 23.35% YoY), and the FY2025 full-year result was $3.7 billion, down 7.83% from the prior year.
- Operating Expenses for Q1 2026 stood at $368.6 million, down from $1.4 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.8 billion in Q3 2024, with the low at $368.6 million in Q1 2026.
- Average Operating Expenses over 5 years is $856.4 million, with a median of $725.8 million recorded in 2022.
- Year-over-year, Operating Expenses jumped 233.08% in 2024 and slumped 79.98% in 2025.
- Tracing CG's Operating Expenses over 5 years: stood at $557.4 million in 2022, then jumped by 216.81% to $1.8 billion in 2023, then sank by 54.66% to $800.7 million in 2024, then surged by 72.49% to $1.4 billion in 2025, then tumbled by 73.31% to $368.6 million in 2026.
- The last three Operating Expenses figures came in at $368.6 million (Q1 2026), $1.4 billion (Q4 2025), and $370.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Carlyle | 16.19 Bn | 16.49 Bn | - | 368.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 368.60 Mn |
| Dec 31, 2025 | 1.38 Bn |
| Sep 30, 2025 | 370.10 Mn |
| Jun 30, 2025 | 1.18 Bn |
| Mar 31, 2025 | 808.20 Mn |
| Dec 31, 2024 | 800.70 Mn |
| Sep 30, 2024 | 1.85 Bn |
| Jun 30, 2024 | 845.80 Mn |
| Mar 31, 2024 | 560.70 Mn |
| Dec 31, 2023 | 1.77 Bn |
| Sep 30, 2023 | 555.10 Mn |
| Jun 30, 2023 | 547.70 Mn |
| Mar 31, 2023 | 703.00 Mn |
| Dec 31, 2022 | 557.40 Mn |
| Sep 30, 2022 | 699.60 Mn |
| Jun 30, 2022 | 725.80 Mn |
| Mar 31, 2022 | 841.90 Mn |
| Dec 31, 2021 | 1.08 Bn |
| Sep 30, 2021 | 938.10 Mn |
| Jun 30, 2021 | 1.45 Bn |
| Mar 31, 2021 | 1.29 Bn |
| Dec 31, 2020 | 835.20 Mn |
| Sep 30, 2020 | 643.40 Mn |
| Jun 30, 2020 | 924.50 Mn |
| Mar 31, 2020 | -69.80 Mn |
| Dec 31, 2019 | 483.60 Mn |
| Sep 30, 2019 | 505.30 Mn |
| Jun 30, 2019 | 528.30 Mn |
| Mar 31, 2019 | 602.50 Mn |
| Dec 31, 2018 | 222.90 Mn |
| Sep 30, 2018 | 615.60 Mn |
| Jun 30, 2018 | 653.70 Mn |
| Mar 31, 2018 | 579.30 Mn |
| Dec 31, 2017 | 624.80 Mn |
| Sep 30, 2017 | 492.60 Mn |
| Jun 30, 2017 | 705.40 Mn |
| Mar 31, 2017 | 809.50 Mn |
| Dec 31, 2016 | 574.00 Mn |
| Sep 30, 2016 | 661.80 Mn |
| Jun 30, 2016 | 546.90 Mn |
| Mar 31, 2016 | 459.40 Mn |
| Dec 31, 2015 | 802.50 Mn |
| Sep 30, 2015 | 795.30 Mn |
| Jun 30, 2015 | 843.60 Mn |
| Mar 31, 2015 | 1.03 Bn |
| Dec 31, 2014 | 928.70 Mn |
| Sep 30, 2014 | 705.10 Mn |
| Jun 30, 2014 | 1.04 Bn |
| Mar 31, 2014 | 1.10 Bn |
| Dec 31, 2013 | 1.20 Bn |
| Sep 30, 2013 | 814.70 Mn |
| Jun 30, 2013 | 774.00 Mn |
| Mar 31, 2013 | 904.10 Mn |
| Dec 31, 2012 | 660.20 Mn |
| Sep 30, 2012 | 704.90 Mn |
| Jun 30, 2012 | 448.90 Mn |
| Mar 31, 2012 | 477.20 Mn |
| Dec 31, 2011 | 422.20 Mn |
| Sep 30, 2011 | 218.40 Mn |
| Jun 30, 2011 | 345.80 Mn |
| Mar 31, 2011 | 360.70 Mn |