Transaction Fee was Kkr’s largest segment in fiscal 2025, bringing in $10.57B of $20.10B (53%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2025 |
|---|---|---|---|---|---|---|
| Transaction Fee | $7.90B | $10.57B | ||||
| Transaction Fees | — | — | ||||
| Management Fees | $15.94B | $4.04B | ||||
| Asset Management | $10.09B | — | ||||
| Performance | — | — | ||||
| Transaction & Monitoring Fees, Net | — | $6.56B | ||||
| Investment | — | — | ||||
| Expense Reimbursement | $617.56M | — | ||||
| Expense Reimbursements | — | — | ||||
| Monitoring Fee | — | $1.27B | ||||
| Monitoring Fees | — | — | ||||
| Investment Advice | $519.99M | $681.37M | ||||
| Consulting Fees | — | — | ||||
| Fee Related Performance | — | $1.09B | ||||
| Fee Related | $543.99M | — | ||||
| Oil & Gas Revenue | — | — | ||||
| Interest Income (Expense) | — | — | ||||
| Incentive Fee | $201.22M | $166.45M | ||||
| Incentive Fees | — | — | ||||
| Fee Credit | -$3.19B | -$4.27B | ||||
| Fee Credits | — | — | ||||
| Total | $32.62B | $20.10B |
Kkr brought in $20.10B from its eight segments in fiscal 2025, the year ended December 31, 2025. Kkr regrouped these segments after fiscal 2022, so the total does not compare directly with that year's $32.62B. Transaction Fee was the largest at $10.57B (52.6%), ahead of Transaction & Monitoring Fees, Net at $6.56B (32.6%) and Management Fees at $4.04B (20.1%). The other four segments brought in $3.20B combined.
Compared with fiscal 2022, the previous year with figures, Transaction Fee grew fastest, up 33.9% to $10.57B, while Management Fees fell the most, down 74.6% to $4.04B.
Kkr began breaking out Monitoring Fee in fiscal 2025 and Fee Related Performance in fiscal 2025. Kkr stopped reporting Asset Management ($10.09B in fiscal 2022), Expense Reimbursement ($617.56M in fiscal 2022) and Fee Related ($543.99M in fiscal 2022) as separate segments. The total is net of Fee Credit, which took $4.27B off revenue in fiscal 2025.
Americas was Kkr’s largest revenue line in fiscal 2021, bringing in $9.00B of $13.20B (68%).
| Concentration Risk Benchmark | FY 2020 | FY 2021 |
|---|---|---|
| Americas | $5.40B | $9.00B |
| Emea | $3.60B | $4.20B |
| Asia Pacific | $3.00B | — |
| Total | $12.00B | $13.20B |
Kkr brought in $13.20B from its two revenue lines in fiscal 2021, the year ended December 31, 2021. Kkr regrouped these revenue lines after fiscal 2020, so the total does not compare directly with that year's $12.00B. Americas was the largest at $9.00B (68.2%), ahead of Emea at $4.20B (31.8%).
Compared with fiscal 2020, Americas grew 66.7% to $9.00B and Emea grew 16.7% to $4.20B.
Kkr stopped reporting Asia Pacific as a separate revenue line after fiscal 2020, when it brought in $3.00B.
Kkr (KKR) reports its revenue by segment and by concentration risk benchmark. In fiscal 2025, Transaction Fee was its largest segment, bringing in $10.57B (52.6% of the total), followed by Transaction & Monitoring Fees, Net at $6.56B (32.6%).
Transaction Fee was Kkr's largest segment in fiscal 2025, bringing in $10.57B, or 52.6% of the $20.10B total across its eight segments.
Americas was Kkr's largest revenue line in fiscal 2021, bringing in $9.00B, or 68.2% of the $13.20B total across its two revenue lines.
Every figure comes from Kkr's annual financial filings, as reported. Each line keeps the name Kkr gives it, and years follow its fiscal calendar.
Kkr's revenue by segment goes back to fiscal 2018, 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.