Kkr (KKR) Operating Expenses (2010 - 2026)
Kkr (KKR) reported Operating Expenses of $3.9 billion for Q1 2026, up 1.02% on a YoY basis from $3.8 billion in Q1 2025, and down 28.47% quarter-over-quarter from $5.4 billion in Q4 2025.
Kkr (KKR) Operating Expenses (2010 - 2026) Analysis & Trends
Kkr has reported Operating Expenses for 17 years, with the latest figure at $3.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 1.02% year-over-year to $3.9 billion; the trailing twelve-month figure through Mar 2026 stood at $19.1 billion (up 22.88% YoY), and the FY2025 full-year result was $19.0 billion, down 9.4% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.9 billion, down from $5.4 billion in the prior quarter.
- The five-year high for Operating Expenses was $9.3 billion in Q1 2024, with the low at $564.7 million in Q2 2022.
- Historically, Operating Expenses has averaged $3.7 billion across 5 years, with a median of $3.8 billion in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 71.65% — and 2023, when it soared 452.95%.
- Kkr's Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 1.17 Bn |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 3.05 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 |