Filing Flows › KKR (KKR) › Q3 2026 › vs Q2 2026
KKR (KKR) Q3 2026 vs Q2 2026 (quarter over quarter)
KKR's revenue fell $1.2B (-20%) from $5.7B in Q2 2026 to $4.6B in Q3 2026. The biggest changes: Insurance −$721M (-20%); Asset Management and Strategic Holdings −$441M (-20%). Operating margin 33.1% against 24.0% (+9.1 pts).
KKR, Q3 2026: revenue $4.6B (-17% year over year), operating margin 33.1%, net earnings $1.2B, operating cash flow $2.1B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 33.1% | 24.0% | +9.1 pts |
| Net margin | 25.5% | 12.2% | +13.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Insurance | $2.8B | $3.5B | −$721M | -20% |
| Asset Management and Strategic Holdings | $1.8B | $2.2B | −$441M | -20% |
| Revenue | $4.6B | $5.7B | −$1.2B | -20% |
| Operating profit | $1.5B | $1.4B | $136M | +10% |
| Costs & expenses | $3.1B | $4.4B | −$1.3B | -30% |
| Pre-tax earnings | $1.5B | $1.4B | $136M | +10% |
| Net earnings | $1.2B | $700M | $461M | +66% |
| Minority interests | $76.3M | $427M | −$351M | -82% |
| Income tax | $273M | $246M | $26.4M | +11% |
| Share-based compensation | $230M | $226M | $4.6M | +2% |
| Working capital & other | $752M | $2.3B | −$1.6B | -68% |
| Operating cash flow | $2.1B | $3.3B | −$1.1B | -34% |
Questions
How much did KKR's revenue grow quarter over quarter in Q3 2026?
KKR's revenue fell $1.2B (-20%) from $5.7B in Q2 2026 to $4.6B in Q3 2026.
What drove KKR's revenue change in Q3 2026?
Insurance −$721M (-20%); Asset Management and Strategic Holdings −$441M (-20%).