FS KKR Capital (FSK) Incentive Fees Payable (2009 - 2026)
FS KKR Capital's Incentive Fees Payable was $12 million in Q3 2026, down 63.6% from $33 million a year earlier and unchanged from the prior quarter.
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Analysis
FS KKR Capital (FSK) Incentive Fees Payable (2009 - 2026) Analysis & Trends
At the end of FY2025, Incentive Fees Payable at FS KKR Capital came in at $28 million, down 20.0% from FY2024.
- Incentive Fees Payable shows a four-year compound annual growth rate of 10.2% (FY2021 to FY2025).
- In earlier years, Incentive Fees Payable was $35 million in FY2024 (-14.6%), $41 million in FY2023 (+51.9%), $27 million in FY2022 (+42.1%) and $19 million in FY2021.
- Quarterly Incentive Fees Payable has moved between $12 million (Q2 2026) and $47 million (Q3 2023) over five years.
- Compared with a year earlier, Incentive Fees Payable has declined for 11 straight quarters, with an average decline of 31.7% over the last eight quarters.
- The best year-over-year quarter for Incentive Fees Payable over five years was Q2 2023 (growth of 113.6%); the worst was Q2 2026 (a decline of 66.7%).
- Per Business Quant data, FSK's Incentive Fees Payable in the three quarters before Q3 2026 was $12 million (Q2 2026), $25 million (Q1 2026) and $28 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Incentive Fees Payable (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 166.00 Mn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | FS KKR Capital | 3.20 Bn | 2.69 Bn | - | 12.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.00 Mn |
| Jun 30, 2026 | 12.00 Mn |
| Mar 31, 2026 | 25.00 Mn |
| Dec 31, 2025 | 28.00 Mn |
| Sep 30, 2025 | 33.00 Mn |
| Jun 30, 2025 | 36.00 Mn |
| Mar 31, 2025 | 39.00 Mn |
| Dec 31, 2024 | 35.00 Mn |
| Sep 30, 2024 | 44.00 Mn |
| Jun 30, 2024 | 44.00 Mn |
| Mar 31, 2024 | 43.00 Mn |
| Dec 31, 2023 | 41.00 Mn |
| Sep 30, 2023 | 47.00 Mn |
| Jun 30, 2023 | 47.00 Mn |
| Mar 31, 2023 | 46.00 Mn |
| Dec 31, 2022 | 27.00 Mn |
| Sep 30, 2022 | 25.00 Mn |
| Jun 30, 2022 | 22.00 Mn |
| Mar 31, 2022 | 25.00 Mn |
| Dec 31, 2021 | 19.00 Mn |
API Access
FS KKR Capital Incentive Fees Payable 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=incentive-fees-payable&ticker=FSK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "incentive-fees-payable", "ticker": "FSK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=incentive-fees-payable&ticker=FSK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();