KKR Q4 fee related earnings rise 15%; adjusted net income per share falls to $1.12
KKR reported fourth quarter 2025 results on February 5, 2026, with fee related earnings of $1.0 billion, up 15% year over year, and total operating earnings of $1.3 billion, up 17%. Adjusted net income per share fell to $1.12 from $1.32 a year earlier, which the company says reflects a previously disclosed carried interest repayment obligation; excluding that impact, it would have been $1.30. The company also announced an agreement to acquire Arctos Partners and plans to raise its annualized dividend from $0.74 to $0.78 per share starting with the quarter ending March 31, 2026.
Key points
- Fee related earnings of $1.0 billion ($1.08 per adjusted share) in Q4 2025, up 15% year over year; full-year fee related earnings were $3.7 billion, up 14%.
- Adjusted net income of $1.0 billion ($1.12 per adjusted share) in Q4 2025, versus $1.32 in Q4 2024; excluding the carried interest repayment obligation, it would have been $1.30.
- GAAP net income attributable to KKR common stockholders was $1.1 billion in Q4 2025, compared with $1.1 billion in Q4 2024; full-year 2025 was $2.3 billion, versus $3.1 billion in 2024.
- Definitive agreement to acquire Arctos Partners, which has $15 billion in assets under management; KKR plans to create a new investing business called KKR Solutions.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.