Americas was the largest of Carlyle Group Inc.’s 3 reported lines in fiscal 2025, at $13.13B — 69% of $19.12B.
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Americas | $10.24B | $5.16B | $16.39B | $13.13B | |||||
| Emea | $6.42B | $5.28B | $4.19B | $5.81B | |||||
| Asia-Pacific | $1.10B | $1.42B | $1.13B | $186.40M | |||||
| Total | $17.75B | $11.86B | $21.70B | $19.12B |
In fiscal 2025, which ended December 31, 2025, the 3 regions Carlyle Group Inc. reported in this breakdown added up to $19.12B. That was down 11.9% from $21.70B in fiscal 2024. Americas was the largest region, at $13.13B or 68.7% of the total, followed by Emea ($5.81B, 30.4%) and Asia-Pacific ($186.40M, 1.0%). Together, the two largest regions made up 99.0% of this total.
Compared with fiscal 2024, Emea grew the fastest, rising 38.5% to $5.81B. Americas fell the most, down 19.9% to $13.13B. Over fiscal 2022 to 2025, revenue across these regions went from $17.75B to $19.12B, a compound annual growth rate of 2.5%. Americas' share of the total rose from 57.7% to 68.7% over the same years.
This breakdown covers every fiscal year from 2017 to 2025, as reported in Carlyle Group Inc.'s annual filings.
Consolidated Operating Entities was the largest of Carlyle Group Inc.’s 2 reported lines in fiscal 2025, at $16.65B — 87% of $19.20B.
| Legal Entity | FY 2010 | FY 2011 | FY 2012 | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Operating Entities | $16.60B | $19.50B | $16.65B | ||||||||
| Consolidated Funds | $1.24B | $2.53B | $2.54B | ||||||||
| Eliminations | — | — | — | ||||||||
| Total | $17.84B | $22.03B | $19.20B |
In fiscal 2025, which ended December 31, 2025, the 2 revenue lines Carlyle Group Inc. reported in this breakdown added up to $19.20B. That was down 12.9% from $22.03B in fiscal 2024. Consolidated Operating Entities was the largest revenue line, at $16.65B or 86.8% of the total, followed by Consolidated Funds ($2.54B, 13.2%).
Compared with fiscal 2024, Consolidated Funds grew the fastest, rising 0.6% to $2.54B. Consolidated Operating Entities fell the most, down 14.6% to $16.65B. Over fiscal 2022 to 2025, revenue across these revenue lines went from $17.84B to $19.20B, a compound annual growth rate of 2.5%. Consolidated Operating Entities' share of the total fell from 93.0% to 86.8% over the same years.
The table also keeps 1 revenue line that Carlyle Group Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers 11 fiscal years between 2010 and 2025, as reported in Carlyle Group Inc.'s annual filings.
Americas was the largest of Carlyle Group Inc.’s 3 reported lines in fiscal 2016, at $5.89B — 65% of $9.10B.
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2015 | FY 2016 |
|---|---|---|---|---|---|---|
| Americas | $10.45B | $6.07B | $5.89B | |||
| Emea | $5.84B | $4.36B | $2.46B | |||
| Asia-Pacific | — | $1.59B | $742.80M | |||
| Asia Pacific | $1.48B | — | — | |||
| Total | $17.76B | $12.02B | $9.10B |
In fiscal 2016, which ended December 31, 2016, the 3 regions Carlyle Group Inc. reported in this breakdown added up to $9.10B. That was down 24.3% from $12.02B in fiscal 2015. Americas was the largest region, at $5.89B or 64.8% of the total, followed by Emea ($2.46B, 27.0%) and Asia-Pacific ($742.80M, 8.2%). Together, the two largest regions made up 91.8% of this total.
Compared with fiscal 2015, every sizeable region reported in both years shrank. Americas held up best, down 3.0% to $5.89B, while Asia-Pacific fell the most, down 53.3% to $742.80M.
The table also keeps 1 region that Carlyle Group Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers 6 fiscal years between 2010 and 2016, as reported in Carlyle Group Inc.'s annual filings.
Carlyle Group Inc. (CG) breaks its revenue down by region and revenue line. In fiscal 2025, its largest region was Americas, with $13.13B or 68.7% of the total, followed by Emea at $5.81B (30.4%).
Americas was Carlyle Group Inc.'s largest region in fiscal 2025, with $13.13B in revenue, 68.7% of the $19.12B reported across its 3 regions.
Consolidated Operating Entities was Carlyle Group Inc.'s largest revenue line in fiscal 2025, with $16.65B in revenue, 86.8% of the $19.20B reported across its 2 revenue lines.
Of the Carlyle Group Inc. regions reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Emea grew the fastest, rising 38.5% from $4.19B to $5.81B.
Every figure is taken from Carlyle Group Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by region covers fiscal 2017 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.