Kkr (KKR) Operating Expenses (2010 - 2026)
Kkr (KKR) posted Operating Expenses of $3.9 billion for Q1 2026, down 28.47% on a QoQ basis from $5.4 billion in Q4 2025, and up 1.02% year-over-year from $3.8 billion in Q1 2025.
Kkr (KKR) Operating Expenses (2010 - 2026) Analysis & Trends
Kkr's Operating Expenses history runs 17 years deep, the most recent figure standing at $3.9 billion for 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 was $3.9 billion for Q1 2026 at Kkr, down from $5.4 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.
- 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 plunged 71.65% — and 2023, when it soared 452.95%.
- Kkr's 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 decreased by 28.47% to $3.9 billion in 2026.
- Business Quant data shows KKR's Operating Expenses at $3.9 billion in Q1 2026, $5.4 billion in Q4 2025, and $5.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Kkr | 6.05 Bn | 6.05 Bn | - | 3.87 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.99 Bn |