Carlyle (CG) Operating Expenses (2011 - 2026)
Carlyle (CG) posted quarterly Operating Expenses of $368.6 million for Q1 2026, down 54.39% year-over-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.
- In Q1 2026, Operating Expenses fell 54.39% year-over-year to $368.6 million; the TTM figure through Mar 2026 stood at $3.3 billion (down 23.35% YoY), while the FY2025 annual figure 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.
- The 5-year median for Operating Expenses is $725.8 million (2022), against an average of $856.4 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 233.08% in 2024, then sank 79.98% in 2025.
- Carlyle's Operating Expenses stood at $557.4 million in 2022, then surged by 216.81% to $1.8 billion in 2023, then sank by 54.66% to $800.7 million in 2024, then soared by 72.49% to $1.4 billion in 2025, then tumbled by 73.31% to $368.6 million in 2026.
- Business Quant data shows CG's Operating Expenses at $368.6 million in Q1 2026, $1.4 billion in Q4 2025, and $370.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.51 Bn | 165.64 Bn | - | 4.62 Bn |
| 2 | Blackstone | 115.57 Bn | 113.06 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.76 Bn | -179.32 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.66 Bn | 46.26 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 84.03 Bn | 82.53 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 79.17 Bn | 53.80 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.60 Bn | 51.60 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.35 Bn | 40.30 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 34.18 Bn | 34.18 Bn | - | 1.64 Bn |
| 10 | Carlyle | 17.54 Bn | 16.28 Bn | - | 875.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 875.90 Mn |
| 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 |