Carlyle (CG) Operating Expenses (2011 - 2026)
Carlyle (CG) posted Operating Expenses of $875.9 million for Q2 2026, up 137.63% on a QoQ basis from $368.6 million in Q1 2026, and down 25.71% year-over-year from $1.2 billion in Q2 2025.
Analysis
Carlyle (CG) Operating Expenses (2011 - 2026) Analysis & Trends
Carlyle has reported Operating Expenses for 16 years, with the latest figure at $875.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 25.71% year-over-year to $875.9 million in Q2 2026; TTM through Jun 2026 was $3.0 billion, a 35.39% decrease from a year earlier, with the FY2025 full-year figure at $3.7 billion, down 7.83% from the prior year.
- Operating Expenses was $875.9 million for Q2 2026 at Carlyle, up from $368.6 million 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 $857.5 million, with a median of $763.2 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 233.08% in 2024, then sank 79.98% in 2025.
- Over 5 years, Operating Expenses 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 36.58% to $875.9 million in 2026.
- The last three Operating Expenses figures came in at $875.9 million (Q2 2026), $368.6 million (Q1 2026), and $1.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 101.27 Bn | 98.76 Bn | - | 2.38 Bn |
| 2 | Kkr | 90.50 Bn | -186.57 Bn | - | 5.41 Bn |
| 3 | Apollo Global Management | 76.55 Bn | 51.18 Bn | 10.54 Bn | 8.74 Bn |
| 4 | Brookfield Asset Management | 75.74 Bn | 74.24 Bn | - | 659.00 Mn |
| 5 | Wheaton Precious Metals | 69.27 Bn | 69.17 Bn | 687.86 Mn | 133.83 Mn |
| 6 | Franco Nevada | 50.47 Bn | 48.93 Bn | 451.00 Mn | 5.30 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -14.94 Bn |
| 8 | Ares Management | 30.02 Bn | 30.02 Bn | - | 1.18 Bn |
| 9 | Carlyle | 15.55 Bn | 14.29 Bn | - | 875.90 Mn |
| 10 | Tpg | 7.86 Bn | 6.91 Bn | - | 1.50 Bn |
Historic Data
Download Data
Historic 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 |