Carlyle (CG) Operating Expenses (2011 - 2026)
Carlyle's Operating Expenses was $875.9 million in Q2 2026, down 25.7% from $1.18 billion a year earlier but up 137.6% from the prior quarter.
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Analysis
Carlyle (CG) Operating Expenses (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carlyle's Operating Expenses was $3 billion through Jun 30, 2026, down 35.4% year-over-year; for FY2025, it came in at $3.74 billion, down 7.8% from FY2024.
- Operating Expenses shows a five-year compound annual growth rate of 9.9% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $4.06 billion in FY2024 (+13.6%), $3.57 billion in FY2023 (+26.4%), $2.82 billion in FY2022 (-40.6%) and $4.76 billion in FY2021 (+103.9%).
- Quarterly Operating Expenses has moved between $368.6 million (Q1 2026) and $1.85 billion (Q3 2024) over five years.
- Compared with a year earlier, Operating Expenses was higher in four of the last eight quarters, with growth averaging 21.8%.
- The best year-over-year quarter for Operating Expenses over five years was Q3 2024 (growth of 233.1%); the worst was Q3 2025 (a decline of 80.0%).
- Per Business Quant data, CG's Operating Expenses in the three quarters before Q2 2026 was $368.6 million (Q1 2026), $1.38 billion (Q4 2025) and $370.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 174.75 Bn | 120.88 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 137.39 Bn | -420.61 Bn | - | 149.76 Mn |
| 3 | Blackstone | 85.63 Bn | 75.61 Bn | - | 2.38 Bn |
| 4 | Brookfield | 81.94 Bn | -101.37 Bn | - | 14.94 Bn |
| 5 | Kkr | 77.88 Bn | -1.97 Bn | - | 5.41 Bn |
| 6 | Brookfield Asset Management | 72.12 Bn | 66.93 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 65.73 Bn | -17.07 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 59.93 Bn | 55.35 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 46.57 Bn | 43.94 Bn | 451.00 Mn | 5.30 Mn |
| 10 | Carlyle | 13.09 Bn | 5.97 Bn | - | 875.90 Mn |
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 |
API Access
Carlyle Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();