Filing Flows › KKR (KKR) › Q3 2026
KKR (KKR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
KKR (KKR) reported revenue of $4.6B for the third quarter 2026 (Q3 2026), -17% from a year earlier and -20% from the quarter before. Operating margin was 33.1%, net earnings $1.2B (25.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | -20% | -17% |
| Operating profit | $1.5B | +10% | -31% |
| Net earnings | $1.2B | +66% | +29% |
| Operating cash flow | $2.1B | -34% | -10% |
| Free cash flow | $2.1B | — | -10% |
What changed
Revenue was $4.6B in Q3 2026, down 17% year over year and down 20% from the previous quarter. Insurance was the largest line at 61% of revenue. Insurance lost $1.0B year over year (down 26%), 102% of the total change.
Operating profit was $1.5B, a 33.1% margin (down 6.7 points year over year). Total costs fell 8% while revenue fell 17%. Net earnings were $1.2B, up 29% year over year. The effective tax rate was 18.0%.
Operating cash flow was $2.1B (down 10% year over year), 173% of net income including minority interests. Non-cash charges added back $0.23B of share-based compensation. Working capital and other items added $0.68B. Capital expenditures of $0.04B left free cash flow of $2.1B.
Questions
What was KKR's revenue in the third quarter 2026?
KKR (KKR) reported revenue of $4.6B for the third quarter 2026 (Q3 2026), -17% from a year earlier and -20% from the quarter before.
Was KKR profitable in the third quarter 2026?
Operating profit was $1.5B (33.1% of revenue) and net earnings $1.2B.
Source: KKR 10-Q on SEC EDGAR.