Carlyle (CG) Operating Expenses (2011 - 2026)

Carlyle's (CG) 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 (CG) Operating Expenses (2011 - 2026) Analysis & Trends

Carlyle's Operating Expenses history runs 16 years deep, the most recent figure standing at $368.6 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 54.39% year-over-year to $368.6 million in Q1 2026; TTM through Mar 2026 was $3.3 billion, a 23.35% decrease from a year earlier, with the FY2025 full-year figure at $3.7 billion, down 7.83% from the prior year.
  • Operating Expenses slipped to $368.6 million in Q1 2026 per CG's latest filing, from $1.4 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.8 billion in Q3 2024 and bottomed at $368.6 million in Q1 2026.
  • The 5-year median for Operating Expenses is $725.8 million (2022), against an average of $856.4 million.
  • Across the five-year window, Operating Expenses jumped 233.08% in 2024 and slumped 79.98% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $557.4 million in 2022, then soared by 216.81% to $1.8 billion in 2023, then plunged by 54.66% to $800.7 million in 2024, then jumped by 72.49% to $1.4 billion in 2025, then slumped by 73.31% to $368.6 million in 2026.
  • Per Business Quant, the three latest CG Operating Expenses figures stand at $368.6 million (Q1 2026), $1.4 billion (Q4 2025), and $370.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Carlyle 15.95 Bn 16.25 Bn - 368.60 Mn

Historic Data

Download Data
DateValue
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