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Carlyle Group (CG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Carlyle Group (CG) Q3 2026 earnings results →
Q3 2026 Revenue up 0% year over year to $334M · 23¢ of every $1 of revenue lost · operating margin -16.2%
Carlyle Group made $334M in Q3 2026 (+0.4% Y/Y). Operating margin -16.2%, net loss $76.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $334.1M in Q3 2026, roughly flat year over year and down 70% from the previous quarter.
Operating costs exceeded revenue by $54.2M, an operating margin of -16.2%. Total costs grew 5% against flat revenue. The quarter ended with a net loss of $76.8M, after a profit of $224.8M the previous quarter. Minority interests bore $69.1M of it: to shareholders the quarter was a loss of $7.7M.
Operating cash flow was $361.1M. Non-cash charges added back $52.0M of depreciation and amortization and $100.8M of share-based compensation. Working capital and other items added $285.1M. Capital expenditures of $27.4M left free cash flow of $333.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $334M | +0.4% | -16.2% | −$76.8M | $361M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $1.1B | -29% | 22.0% | $137M | −$500K |
| Q1 2026 | 10-Q | May 8, 2026 | $254M | -74% | -45.1% | −$142M | −$1.2B |
| Q4 2025 | 10-K | Feb 27, 2026 | $1.9B | +84% | 27.4% | $358M | −$1.2B |
| Q3 2025 | 10-Q | Nov 7, 2025 | $333M | -87% | -11.2% | $112M | −$1.6B |
| Q2 2025 | 10-Q | Aug 8, 2025 | $1.6B | +47% | 25.0% | $320M | −$169M |
| Q1 2025 | 10-Q | May 9, 2025 | $973M | +41% | 16.9% | $130M | −$352M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Carlyle Group
segments: Global Private Equity, Global Credit, and Carlyle AlpInvest (formerly, Global Investment Solutions) . Our teams invest across a range of strategies that leverage our deep industry expertise, local insights, and global resources to deliver
In its own words, from its 10-K, filed Feb 27, 2026.
Carlyle Group against its Investment Advice peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.4% against the peers' median +6%. Operating margin: -16.2% against the peers' median 24.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CG Carlyle Group | Q3 2026 | $334M | +0.4% | -16.2% |
| KKR KKR | Q2 2026 | $5.7B | +12% | 24.0% |
| AMP Ameriprise Financial | Q3 2026 | $5.2B | +6% | 28.9% |
| APO Apollo Global Management | Q3 2026 | $4.7B | -52% | -30.9% |
| BX Blackstone | Q3 2026 | $3.1B | -0.8% | 46.9% |
| BEN Franklin Templeton | Q4 FY26 | $2.4B | +4% | 14.6% |
| TROW Price T Rowe Group | Q3 2026 | $2.0B | +6% | 38.4% |
| IVZ Invesco | Q3 2026 | $1.9B | +14% | 23.3% |
| BAM Brookfield Asset Management | Q2 2026 | $1.8B | +61% | 62.4% |
Source: Carlyle Group 10-Q on SEC EDGAR · CIK 1527166 · Investment Advice
Guidance and outlook
13F: who owns CG and who is buying
More on CG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results