Americas was Carlyle’s largest region in fiscal 2025, bringing in $13.13B of $19.12B (69%).
| 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 |
Carlyle brought in $19.12B from its three regions in fiscal 2025, the year ended December 31, 2025. That was down 11.9% from $21.70B in fiscal 2024. Americas was the largest at $13.13B (68.7%), ahead of Emea at $5.81B (30.4%) and Asia-Pacific at $186.40M (1.0%).
Compared with fiscal 2024, Emea grew 38.5% to $5.81B, while Americas fell 19.9% to $13.13B. From fiscal 2022 to 2025, combined revenue from these regions grew 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%.
Consolidated Operating Entities was Carlyle’s largest revenue line in fiscal 2025, bringing in $16.65B of $19.20B (87%).
| 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 |
Carlyle brought in $19.20B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 12.9% from $22.03B in fiscal 2024. Consolidated Operating Entities was the largest at $16.65B (86.8%), ahead of Consolidated Funds at $2.54B (13.2%).
Compared with fiscal 2024, Consolidated Funds grew 0.6% to $2.54B, while Consolidated Operating Entities fell 14.6% to $16.65B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew 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%.
Americas was Carlyle’s largest region in fiscal 2016, bringing in $5.89B of $9.10B (65%).
| 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 |
Carlyle brought in $9.10B from its three regions in fiscal 2016, the year ended December 31, 2016. That was down 24.3% from $12.02B in fiscal 2015. Americas was the largest at $5.89B (64.8%), ahead of Emea at $2.46B (27.0%) and Asia-Pacific at $742.80M (8.2%).
Compared with fiscal 2015, every region above 2% of revenue shrank. Americas held up best, down 3.0% to $5.89B, and Asia-Pacific fell the most, down 53.3% to $742.80M.
Carlyle stopped reporting Asia Pacific as a separate region after fiscal 2013, when it brought in $1.48B.
Carlyle (CG) reports its revenue by geography and by legal entity. In fiscal 2025, Americas was its largest region, bringing in $13.13B (68.7% of the total), followed by Emea at $5.81B (30.4%).
Americas was Carlyle's largest region in fiscal 2025, bringing in $13.13B, or 68.7% of the $19.12B total across its three regions.
Consolidated Operating Entities was Carlyle's largest revenue line in fiscal 2025, bringing in $16.65B, or 86.8% of the $19.20B total across its two revenue lines.
Emea grew faster than Americas in fiscal 2025, up 38.5% from $4.19B to $5.81B. Americas fell 19.9% to $13.13B.
Every figure comes from Carlyle's annual financial filings, as reported. Each line keeps the name Carlyle gives it, and years follow its fiscal calendar.
Carlyle's revenue by geography goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.