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How KKR (KKR) makes money
KKR (KKR) made $5.7B of revenue in the second quarter 2026 (Q2 2026), +13% from a year earlier. Insurance brought in $3.5B (62%); Asset Management and Strategic Holdings brought in $2.2B (38%). Of every dollar of revenue, 24¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Insurance | $3.5B | 61.5% | +54% | +8% |
| Asset Management and Strategic Holdings | $2.2B | 38.5% | +9% | +20% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $5.7B | 100.0% |
| Operating profit | $1.4B | 24.0% |
| Income tax | $246M | 4.3% |
| Net earnings | $700M | 12.2% |
| Operating cash flow | $3.3B | 56.8% |
| Free cash flow | $3.2B | 56.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $5.7B | +12% |
| Q1 2026 | $4.3B | +39% |
| Q4 2025 | $5.7B | +76% |
| Q3 2025 | $5.5B | +15% |
| Q2 2025 | $5.1B | +22% |
| Q1 2025 | $3.1B | -68% |
| Q4 2024 | $3.3B | -26% |
From KKR's 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does KKR make money?
KKR (KKR) made $5.7B of revenue in the second quarter 2026 (Q2 2026), +13% from a year earlier. Insurance brought in $3.5B (62%); Asset Management and Strategic Holdings brought in $2.2B (38%). Of every dollar of revenue, 24¢ was left as operating profit, 12¢ was left as net earnings.
What is KKR's biggest business?
Insurance: $3.5B in the second quarter 2026, 62% of revenue, +8% from a year earlier.
What is KKR's profit margin?
Net earnings were $700M, 12.2% of revenue, in the second quarter 2026; the operating margin was 24.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.