FS KKR Capital (FSK) Operating Expenses (2021 - 2026)
FS KKR Capital's (FSK) quarterly Operating Expenses came in at $179.0 million in Q2 2026, down 20.44% year-over-year from $225.0 million in Q2 2025, and down 4.28% quarter-over-quarter from $187.0 million in Q1 2026.
Analysis
FS KKR Capital (FSK) Operating Expenses (2021 - 2026) Analysis & Trends
FS KKR Capital (FSK) has reported Operating Expenses for 6 consecutive years, with $179.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 20.44% year-over-year to $179.0 million in Q2 2026; TTM through Jun 2026 was $771.0 million, a 12.09% decrease from a year earlier, with the FY2025 full-year figure at $843.0 million, down 4.75% from the prior year.
- Operating Expenses was $179.0 million for Q2 2026 at FS KKR Capital, down from $187.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $233.0 million in Q2 2023 and troughed at $179.0 million in Q2 2026.
- A 5-year average of $212.3 million and a median of $216.5 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses increased 23.6% in 2022 and decreased 20.44% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $220.0 million in 2022, then gained by 2.27% to $225.0 million in 2023, then slipped by 5.33% to $213.0 million in 2024, then decreased by 8.45% to $195.0 million in 2025, then dropped by 8.21% to $179.0 million in 2026.
- The last three Operating Expenses figures came in at $179.0 million (Q2 2026), $187.0 million (Q1 2026), and $195.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.74 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.63 Bn | 5.37 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.20 Bn | 5.15 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.33 Bn | 3.22 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.31 Bn | 3.26 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | 40.19 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 35.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 179.00 Mn |
| Mar 31, 2026 | 187.00 Mn |
| Dec 31, 2025 | 195.00 Mn |
| Sep 30, 2025 | 210.00 Mn |
| Jun 30, 2025 | 225.00 Mn |
| Mar 31, 2025 | 213.00 Mn |
| Dec 31, 2024 | 213.00 Mn |
| Sep 30, 2024 | 226.00 Mn |
| Jun 30, 2024 | 224.00 Mn |
| Mar 31, 2024 | 222.00 Mn |
| Dec 31, 2023 | 225.00 Mn |
| Sep 30, 2023 | 231.00 Mn |
| Jun 30, 2023 | 233.00 Mn |
| Mar 31, 2023 | 227.00 Mn |
| Dec 31, 2022 | 220.00 Mn |
| Sep 30, 2022 | 209.00 Mn |
| Jun 30, 2022 | 191.00 Mn |
| Mar 31, 2022 | 191.00 Mn |
| Dec 31, 2021 | 178.00 Mn |
| Sep 30, 2021 | 174.00 Mn |