Filing Flows › KKR (KKR) › Q2 2026
KKR (KKR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
KKR (KKR) reported revenue of $5.7B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +33% from the quarter before. Operating margin was 24.0%, net earnings $700M (12.2% of revenue).
KKR, Q2 2026: revenue $5.7B (+12% year over year), operating margin 24.0%, net earnings $700M, operating cash flow $3.3B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | +33% | +13% |
| Operating profit | $1.4B | +197% | -10% |
| Net earnings | $700M | +73% | +37% |
| Operating cash flow | $3.3B | +86% | +641% |
| Free cash flow | $3.2B | +86% | +763% |
What changed
Revenue was $5.7B in Q2 2026, up 13% year over year and up 33% from the previous quarter. Insurance was the largest line at 62% of revenue. Asset Management and Strategic Holdings added $0.37B year over year (up 20%), 58% of the total change.
Operating profit was $1.4B, a 24.0% margin (down 6.0 points year over year). Operating profit fell $0.15B even though revenue rose $0.64B versus Q2 2025, so costs grew faster than sales. Total costs grew 22% against revenue growth of 13%. Net earnings were $0.70B, up 37% year over year. The effective tax rate was 17.9%.
Operating cash flow was $3.3B (up 641% year over year), 288% of net income including minority interests. Non-cash charges added back $0.23B of share-based compensation. Working capital and other items added $1.9B. Capital expenditures of $0.05B left free cash flow of $3.2B.
Questions
What was KKR's revenue in the second quarter 2026?
KKR (KKR) reported revenue of $5.7B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +33% from the quarter before.
Was KKR profitable in the second quarter 2026?
Operating profit was $1.4B (24.0% of revenue) and net earnings $700M.
Source: KKR 10-Q on SEC EDGAR.