The Carlyle Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	796.3	849.8	782.2	446.9	343.9	316.4
Total Interest Expense	702.9	685.9	542.9	322	291.8	257.5
Net Interest Income	93.4	163.9	239.3	124.9	52.1	58.9
Trading & Principal Transactions	111.3	238.7	133.4	570.5	637.3	-540.7
Asset Management Fee	2,560	2,322	2,137	2,094	1,716	1,523
Other Revenue	444	2,016	-88.6	1,328	6,085	1,636
Revenue	3,208	4,740	2,421	4,117	8,490	2,677
Revenue Growth (YoY)	-30.80%	95.78%	-41.19%	-51.51%	217.15%	-15.37%
Salaries & Employee Benefits	912.8	875.5	1,024	1,052	908	849.6
Cost of Services Provided	1,143	2,027	1,756	1,296	3,393	1,158
Total Operating Expenses	2,455	3,371	3,029	2,502	4,464	2,113
Operating Income	752.9	1,369	-607.6	1,615	4,027	564.2
Other Non-Operating Income (Expenses)	0.2	0.3	-0.2	-1	-1.5	7.2
EBT Excluding Unusual Items	753.1	1,370	-607.8	1,614	4,025	571.4
Legal Settlements	-	-	-	-	-	29.9
Gain (Loss) on Sale of Investments	209.7	24	6.9	-41.5	2.5	-21.3
Pretax Income	962.8	1,394	-600.9	1,573	4,028	580
Income Tax Expense	136.3	302.6	-104.2	287.8	982.3	197.2
Earnings From Continuing Ops.	826.5	1,091	-496.7	1,285	3,045	382.8
Minority Interest in Earnings	-165	-70.7	-111.7	-59.7	-70.5	-34.6
Net Income	661.5	1,020	-608.4	1,225	2,975	348.2
Net Income to Common	661.5	1,020	-608.4	1,225	2,975	348.2
Net Income Growth	462.98%	-	-	-58.82%	754.31%	-8.58%
Shares Outstanding (Basic)	359	359	361	361	355	350
Shares Outstanding (Diluted)	370	368	361	366	363	358
Shares Change (YoY)	1.80%	1.83%	-1.18%	0.86%	1.17%	192.25%
EPS (Basic)	1.84	2.85	-1.68	3.39	8.37	0.99
EPS (Diluted)	1.78	2.77	-1.68	3.35	8.20	0.97
EPS Growth	445.01%	-	-	-59.15%	745.36%	-65.60%
Free Cash Flow	-2,517	-837.2	138.3	-419.9	1,750	-230.4
Free Cash Flow Per Share	-6.80	-2.27	0.38	-1.15	4.83	-0.64
Dividend Per Share	1.400	1.400	1.400	1.300	1.000	1.000
Dividend Growth	-	-	7.69%	30.00%	-	-15.25%
Operating Margin	23.47%	28.89%	-25.10%	39.23%	47.42%	21.07%
Profit Margin	20.62%	21.53%	-25.13%	29.76%	35.04%	13.01%
Free Cash Flow Margin	-78.46%	-17.66%	5.71%	-10.20%	20.61%	-8.61%
Effective Tax Rate	14.16%	21.71%	-	18.30%	24.39%	34.00%
Revenue as Reported	3,911	5,426	2,964	4,439	8,782	2,935

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.