The Carlyle Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	2,397	2,188	2,043	2,030	1,668
Net Interest Income	851	849.8	782.2	446.9	343.9
Net Interest Income Growth	0.14%	8.64%	75.03%	29.95%	8.69%
Other Revenues	2,874	4,642	183.3	3,860	12,855
Revenue	4,780	5,426	2,964	4,439	8,782
Revenue Growth (YoY)	-11.91%	83.06%	-33.23%	-49.46%	199.26%
Cost of Revenue	2,206	2,705	2,377	1,926	4,032
Gross Profit	2,574	2,721	587.4	2,513	4,750
Selling, General & Admin	784.3	665.6	652.1	575.8	431.7
Operating Income	1,789	2,055	-64.7	1,937	4,318
Interest Income	117.9	24	6.9	-41.5	2.5
Interest Expense	-123.9	-121	-123.8	-110.4	-113.3
Other Non-Operating Income (Expense)	0.2	0.3	-0.2	-1	-1.5
Total Non-Operating Income (Expense)	-5.8	-96.7	-117.1	-152.9	-112.3
Pretax Income	1,159	1,394	-600.9	1,573	4,028
Provision for Income Taxes	214.5	302.6	-104.2	287.8	982.3
Net Income	808.7	1,020	-608.4	1,225	3,045
Minority Interest in Earnings	136	70.7	111.7	59.7	-
Net Income to Common	808.7	1,020	-608.4	1,225	3,045
Net Income Growth	-20.75%	-	-	-59.77%	774.55%
Shares Outstanding (Basic)	360	359	361	361	355
Shares Outstanding (Diluted)	371	368	361	366	363
Shares Change (YoY)	0.78%	1.83%	-1.18%	0.86%	1.17%
EPS (Basic)	2.25	2.85	-1.68	3.39	8.37
EPS (Diluted)	2.18	2.77	-1.68	3.35	8.20
EPS Growth	-21.30%	-	-	-59.15%	745.36%
Free Cash Flow	-3,375	-837.2	138.3	-419.9	149.7
Free Cash Flow Per Share	-9.10	-2.27	0.38	-1.15	0.41
Dividends Per Share	1.400	1.400	1.400	1.300	1.000
Dividend Growth	-	-	7.69%	30.00%	-
Gross Margin	53.84%	50.15%	19.82%	56.61%	54.09%
Operating Margin	37.43%	37.88%	-2.18%	43.64%	49.17%
Profit Margin	19.76%	20.11%	-16.76%	28.94%	34.68%
FCF Margin	-70.61%	-15.43%	4.67%	-9.46%	1.70%
EBITDA	1,981	2,239	115.9	2,084	4,370
EBITDA Margin	41.45%	41.27%	3.91%	46.96%	49.76%
EBIT	1,789	2,055	-64.7	1,937	4,318
EBIT Margin	37.43%	37.88%	-2.18%	43.64%	49.17%
Effective Tax Rate	18.50%	21.71%	17.34%	18.30%	24.39%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.