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Carlyle Group Inc. revenue

Carlyle Group Inc.'s revenue was $4.78bn in fiscal 2025, down 11.9% on the year before. Since fiscal 2010 ($2.80bn) it has grown at a compound 3.6% a year. Over the last twelve months it was $3.61bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue2,7992,8452,9734,4413,8803,0062,2743,6762,4273,3772,9358,7824,4392,9645,4264,7803,611
Growth on the year before—+1.7%+4.5%+49.4%−12.6%−22.5%−24.3%+61.6%−34.0%+39.1%−13.1%+199.3%−49.5%−33.2%+83.1%−11.9%—
Gross profit—————2,9582,2433,612—————————
Gross margin—————98.4%98.6%98.2%—————————

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Fund Management Fee $2.4B ▲ 9.5%
Incentive Fee $191M ▲ 42.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Americas $3.3B 68.7% ▼ 19.9%
EMEA $1.5B 30.4% ▲ 38.5%
Asia Pacific $46.6M 1.0% ▼ 83.5%

From Carlyle Group Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Asset Management & Custody Banks: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Carlyle Group Inc. $3.61bn -41.9% 4.9%
Blue OWL Capital Inc. $3.07bn 11.8% 23.4%
TPG Inc. $5.06bn 30.1% 31.0%
SEI Investments Co $2.53bn 12.8% 10.2%
Ares Management $5.30bn 28.5% 18.9%
Brookfield Asset Management Ltd. $5.74bn 31.9% —

Compare with peers

Head to head: CG vs OWLCG vs TPGCG vs SEIC

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

Figures from Carlyle Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Carlyle Group Inc.