Latest revenue
$562.0M
as of 2026-03-31
Latest net income
$405.2M
as of 2026-03-31
Net margin
72.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $84.44B
- Enterprise value
- $114.87B
- P/E (trailing)
- 35.6×
- Forward P/E
- —
- P/B
- 2.84×
- Dividend yield
- 0.8%
- 52-wk high
- $153.87
- 52-wk low
- $82.67
- Beta
- —
- Shares out
- 897.9M
5-year trend
What this company does
KKR is a global alternative asset manager that runs private equity, credit, infrastructure, and real estate funds for institutional and wealthy investors, alongside a large life and annuity insurance arm via Global Atlantic. It earns money primarily from management and performance fees on roughly $119 billion of asset-management investments plus net investment income and premiums from its $186 billion insurance portfolio. Insurance now dominates the balance sheet at $258 billion of assets, and KKR raised $2.5 billion in mandatory convertible preferred stock in 2025 to fund continued expansion of this strategic-holdings and insurance platform.
Generated from KKR's filing dated 2026-02-27
Key risks
- Massive insurance leverage: Global Atlantic policy liabilities of $200.5B and funds withheld payable of $45.4B dwarf KKR's $29.7B equity base.
- Capital allocation income fell 45% YoY to $638.8M in Q3, and net investment-related losses of $845.4M YTD pressure earnings.
- Heavy debt load: $53.1B total debt obligations plus $2.54B new Series D mandatory convertible preferred issued in 2025, diluting common holders.
Generated from KKR's filing dated 2026-02-27
Profitability
Net margin
12.2%
13.4%Return on equity
7.7%
41.0%Return on assets
0.6%
32.3%Leverage
Debt / equity
12.27×
13.7%Long-term debt / equity
1.71×
18.4%Debt / assets
92.5%
1.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $562.0M | +73.8% | $405.2M | +318.0% | 72.1% |
Q4 2025 2025-12-31 | $17.35B | -12.1% | $1.33B | +18.3% | 7.7% |
Q3 2025 2025-09-30 | $1.06B | +70.6% | $900.4M | +49.9% | 85.0% |
Q2 2025 2025-06-30 | $730.2M | -11.2% | $324.2M | -51.5% | 44.4% |
Q1 2025 2025-03-31 | $323.4M | -53.4% | $-185.9M | -127.3% | -57.5% |
Q4 2024 2024-12-31 | $19.74B | — | $1.13B | — | 5.7% |
Q3 2024 2024-09-30 | $621.2M | +182.1% | $600.5M | -59.7% | 96.7% |
Q2 2024 2024-06-30 | $822.3M | +31.3% | $667.9M | -22.5% | 81.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Investment Advice · SIC 6282
Your notes
Keep private notes on KKR — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$50.9M
Insider selling
$413.2M
Net activity
−$362.2M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns KKR
Institutional value
$14.63B
Total shares held
160.7M
Distinct holders
793
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 44.0M | $4.07B | — | New |
| 2 | PRINCIPAL FINANCIAL GROUP INC | 19.5M | $1.80B | — | New |
| 3 | Invesco Ltd. | 10.0M | $923.7M | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.0M | $923.0M | — | New |
| 5 | Legal & General Group Plc | 4.9M | $457.6M | — | New |
| 6 | VANGUARD FIDUCIARY TRUST CO | 3.9M | $358.2M | — | New |
| 7 | Temasek Holdings (Private) Ltd | 3.5M | $325.9M | — | New |
| 8 | UBS Group AG | 3.4M | $311.7M | — | New |
| 9 | Bank of New York Mellon Corp | 3.3M | $309.0M | — | New |
| 10 | Nuveen, LLC | 2.3M | $210.2M | — | New |
| 11 | WELLS FARGO & COMPANY/MN | 2.3M | $208.2M | — | New |
| 12 | DEUTSCHE BANK AG\ | 2.2M | $199.1M | — | New |
| 13 | Rathbones Group PLC | 1.8M | $167.5M | — | New |
| 14 | DIMENSIONAL FUND ADVISORS LP | 1.8M | $166.9M | — | New |
| 15 | JANE STREET GROUP, LLC | 1.7M | $154.6M | — | New |
| 16 | Vanguard Global Advisers, LLC | 1.5M | $140.0M | — | New |
| 17 | Mitsubishi UFJ Asset Management Co., Ltd. | 1.5M | $137.6M | — | New |
| 18 | Markel Group Inc. | 1.5M | $134.3M | — | New |
| 19 | National Pension Service | 1.4M | $128.1M | — | New |
| 20 | Sumitomo Mitsui Trust Group, Inc. | 1.3M | $122.1M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With Global Atlantic insurance investments now $186B and policy liabilities at $200B, what's your duration mismatch and credit exposure to private credit originated by KKR?
- 2
You issued $2.54B Series D mandatory convertible preferred—why was that necessary given $22.7B in cash, and what's the implied dilution at conversion?
- 3
Debt obligations rose to $49.2B from $45.9B; with rates elevated, walk us through refinancing maturities through 2027 and incremental interest expense.
Refreshed when KKR files a new report · last from 2026-02-27