Kkr (KKR) Operating Expenses (2010 - 2026)
Kkr's (KKR) quarterly Operating Expenses came in at $5.4 billion in Q2 2026, up 13.9% on a YoY basis from $4.7 billion in Q2 2025, and up 39.69% quarter-over-quarter from $3.9 billion in Q1 2026.
Analysis
Kkr (KKR) Operating Expenses (2010 - 2026) Analysis & Trends
Kkr (KKR) has reported Operating Expenses for 17 consecutive years, with $5.4 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 13.9% year-over-year to $5.4 billion; the trailing twelve-month figure through Jun 2026 stood at $19.7 billion (up 20.9% YoY), and the FY2025 full-year result was $19.0 billion, down 9.4% from the prior year.
- Operating Expenses improved to $5.4 billion in Q2 2026 per KKR's latest filing, from $3.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $9.3 billion in Q1 2024 and bottomed at $564.7 million in Q2 2022.
- Historically, Operating Expenses has averaged $3.8 billion across 5 years, with a median of $3.9 billion in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 71.65% in 2022, then jumped 452.95% in 2023.
- Over 5 years, Operating Expenses stood at $2.4 billion in 2022, then surged by 69.1% to $4.1 billion in 2023, then dropped by 26.6% to $3.0 billion in 2024, then soared by 81.53% to $5.4 billion in 2025, then declined by 0.08% to $5.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $5.4 billion, $3.9 billion, and $5.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 103.57 Bn | 101.06 Bn | - | 2.38 Bn |
| 2 | Kkr | 93.46 Bn | -183.61 Bn | - | 5.41 Bn |
| 3 | Apollo Global Management | 77.60 Bn | 52.22 Bn | 10.54 Bn | 8.74 Bn |
| 4 | Brookfield Asset Management | 76.45 Bn | 74.94 Bn | - | 659.00 Mn |
| 5 | Wheaton Precious Metals | 71.34 Bn | 71.24 Bn | 687.86 Mn | 133.83 Mn |
| 6 | Franco Nevada | 51.21 Bn | 49.67 Bn | 451.00 Mn | 5.30 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -14.94 Bn |
| 8 | Ares Management | 30.49 Bn | 30.49 Bn | - | 1.18 Bn |
| 9 | Carlyle | 15.82 Bn | 14.57 Bn | - | 875.90 Mn |
| 10 | Tpg | 8.08 Bn | 7.13 Bn | - | 1.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.41 Bn |
| Mar 31, 2026 | 3.87 Bn |
| Dec 31, 2025 | 5.41 Bn |
| Sep 30, 2025 | 5.02 Bn |
| Jun 30, 2025 | 4.75 Bn |
| Mar 31, 2025 | 3.83 Bn |
| Dec 31, 2024 | 2.98 Bn |
| Sep 30, 2024 | 4.75 Bn |
| Jun 30, 2024 | 3.95 Bn |
| Mar 31, 2024 | 9.31 Bn |
| Dec 31, 2023 | 4.06 Bn |
| Sep 30, 2023 | 2.32 Bn |
| Jun 30, 2023 | 3.12 Bn |
| Mar 31, 2023 | 2.86 Bn |
| Dec 31, 2022 | 2.40 Bn |
| Sep 30, 2022 | 1.67 Bn |
| Jun 30, 2022 | 564.70 Mn |
| Mar 31, 2022 | 1.36 Bn |
| Dec 31, 2021 | 2.94 Bn |
| Sep 30, 2021 | 3.19 Bn |