KKR Posts Record Q2 Earnings Across FRE, TOE, and ANI; AUM Hits $796B

summarizeSummary

KKR reported record second-quarter 2026 results, with Fee Related Earnings of $1.2 billion, Total Operating Earnings of $1.5 billion, and Adjusted Net Income of $1.5 billion — all quarterly and LTM records. Assets under management climbed 16% to $796 billion, fueled by $34 billion in new capital raised during the quarter.

check_boxKey Events · Earnings and Guidance · KKR

• Record Earnings Across Key Metrics

  Fee Related Earnings reached $1.2B ($1.32/adj. share), Total Operating Earnings hit $1.5B ($1.68/adj. share), and Adjusted Net Income was $1.5B ($1.63/adj. share) — all quarterly and LTM records.

• AUM Surges to $796B

  Assets Under Management grew 16% year-over-year to $796B, with Fee Paying AUM up 15% to $638B. New capital raised totaled $34B in the quarter and $133B over the last twelve months.

• Strong GAAP Profitability

  GAAP net income attributable to common stockholders was $0.7B for the quarter ($0.74 per diluted share) and $1.0B year-to-date ($1.08 per diluted share).

• Dividend and Capital Return

  A regular quarterly dividend of $0.195 per common share was declared, payable August 25, 2026. The company also repurchased $352M in shares year-to-date through July 24.

auto_awesomeAnalysis · KKR · Finance

KKR delivered its strongest quarter as a public company, with Fee Related Earnings, Total Operating Earnings, and Adjusted Net Income all reaching record highs on both a quarterly and trailing twelve-month basis. The results were driven by 37% growth in FRE, a 29% jump in TOE, and a 40% surge in ANI year-over-year, alongside robust capital raising that pushed AUM to $796 billion. The earnings release underscores the firm's ability to scale its asset management and insurance platforms while returning capital to shareholders through a regular dividend and ongoing buybacks.