Filing Flows › KKR (KKR) › Q2 2026 › vs Q1 2026
KKR (KKR) Q2 2026 vs Q1 2026 (quarter over quarter)
KKR's revenue rose $1.4B (+33%) from $4.3B in Q1 2026 to $5.7B in Q2 2026. The biggest changes: Insurance +$1.2B (+54%); Asset Management and Strategic Holdings +$174M (+9%). Operating margin 24.0% against 10.7% (+13.3 pts).
KKR, Q2 2026: revenue $5.7B (+12% year over year), operating margin 24.0%, net earnings $700M, operating cash flow $3.3B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.0% | 10.7% | +13.3 pts |
| Net margin | 12.2% | 9.4% | +2.8 pts |
| Free cash flow margin | 56.0% | 39.8% | +16.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Insurance | $3.5B | $2.3B | $1.2B | +54% |
| Asset Management and Strategic Holdings | $2.2B | $2.0B | $174M | +9% |
| Revenue | $5.7B | $4.3B | $1.4B | +33% |
| Operating profit | $1.4B | $463M | $911M | +197% |
| Costs & expenses | $4.4B | $3.9B | $497M | +13% |
| Pre-tax earnings | $1.4B | $463M | $911M | +197% |
| Net earnings | $700M | $405M | $295M | +73% |
| Minority interests | $427M | −$128M | $555M | — |
| Income tax | $246M | $185M | $60.7M | +33% |
| Share-based compensation | $226M | $180M | $45.7M | +25% |
| Working capital & other | $2.3B | $1.2B | $1.2B | +100% |
| Operating cash flow | $3.3B | $1.7B | $1.5B | +86% |
| Free cash flow (OCF − capex) | $3.2B | $1.7B | $1.5B | +86% |
| Capital expenditures | $48.6M | $27.4M | $21.1M | +77% |
Questions
How much did KKR's revenue grow quarter over quarter in Q2 2026?
KKR's revenue rose $1.4B (+33%) from $4.3B in Q1 2026 to $5.7B in Q2 2026.
What drove KKR's revenue change in Q2 2026?
Insurance +$1.2B (+54%); Asset Management and Strategic Holdings +$174M (+9%).