Kkr (KKR) Operating Expenses (2010 - 2026)
Kkr's (KKR) quarterly Operating Expenses came in at $3.9 billion in Q1 2026, up 1.02% YoY from $3.8 billion in Q1 2025, and down 28.47% on a QoQ basis from $5.4 billion in Q4 2025.
Kkr (KKR) Operating Expenses (2010 - 2026) Analysis & Trends
Kkr (KKR) has 17 years of Operating Expenses data on file, last reported at $3.9 billion in Q1 2026.
- Quarterly Operating Expenses rose 1.02% year-over-year to $3.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $19.1 billion (up 22.88% YoY) and the FY2025 annual result came in at $19.0 billion, down 9.4% from the prior year.
- Operating Expenses slipped to $3.9 billion in Q1 2026, from $5.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $9.3 billion in Q1 2024 to a low of $564.7 million in Q2 2022.
- A 5-year average of $3.7 billion and a median of $3.8 billion in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 71.65% — and 2023, when it soared 452.95%.
- Tracing KKR's Operating Expenses over 5 years: stood at $2.4 billion in 2022, then soared by 69.1% to $4.1 billion in 2023, then decreased by 26.6% to $3.0 billion in 2024, then jumped by 81.53% to $5.4 billion in 2025, then fell by 28.47% to $3.9 billion in 2026.
- The last three Operating Expenses figures came in at $3.9 billion (Q1 2026), $5.4 billion (Q4 2025), and $5.0 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Raymond James Financial | 33.40 Bn | 20.15 Bn | - | 3.18 Bn |
Historic Data
Download 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 |