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
Interest and Dividend Income	851	849.8	782.2	446.9	343.9
Total Interest Expense	748.2	685.9	542.9	322	291.8
Net Interest Income	102.8	163.9	239.3	124.9	52.1
Trading & Principal Transactions	119.2	238.7	133.4	570.5	637.3
Asset Management Fee	2,587	2,322	2,137	2,094	1,716
Other Revenue	1,223	2,016	-88.6	1,328	6,085
Revenue	4,032	4,740	2,421	4,117	8,490
Revenue Growth (YoY)	-14.94%	95.78%	-41.19%	-51.51%	217.15%
Salaries & Employee Benefits	895.2	875.5	1,024	1,052	908
Cost of Services Provided	1,721	2,027	1,756	1,296	3,393
Total Operating Expenses	2,991	3,371	3,029	2,502	4,464
Operating Income	1,041	1,369	-607.6	1,615	4,027
Other Non-Operating Income (Expenses)	0.2	0.3	-0.2	-1	-1.5
EBT Excluding Unusual Items	1,041	1,370	-607.8	1,614	4,025
Gain (Loss) on Sale of Investments	117.9	24	6.9	-41.5	2.5
Pretax Income	1,159	1,394	-600.9	1,573	4,028
Income Tax Expense	214.5	302.6	-104.2	287.8	982.3
Earnings From Continuing Ops.	944.7	1,091	-496.7	1,285	3,045
Minority Interest in Earnings	-136	-70.7	-111.7	-59.7	-70.5
Net Income	808.7	1,020	-608.4	1,225	2,975
Net Income to Common	808.7	1,020	-608.4	1,225	2,975
Net Income Growth	-20.75%	-	-	-58.82%	754.31%
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	-	-837.2	138.3	-419.9	1,750
Free Cash Flow Per Share	-	-2.27	0.38	-1.15	4.83
Dividend Per Share	1.400	1.400	1.400	1.300	1.000
Dividend Growth	-	-	7.69%	30.00%	-
Operating Margin	25.82%	28.89%	-25.10%	39.23%	47.42%
Profit Margin	20.06%	21.53%	-25.13%	29.76%	35.04%
Free Cash Flow Margin	-	-17.66%	5.71%	-10.20%	20.61%
Effective Tax Rate	18.50%	21.71%	-	18.30%	24.39%
Revenue as Reported	4,780	5,426	2,964	4,439	8,782

Updated Feb 6, 2026. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q