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KKR's Q3 Earnings Coming Up: Here's What to Expect From the Stock
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Key Takeaways
KKR's Q3 earnings and revenues are expected to grow 12.1% and 19.5% y/y.
AUM is projected to rise 13.4% to $820.4 billion, driven by stronger inflows and client activity.
Realized performance and investment income were in excess of $750M during July 1, 2026 and Sept. 25, 2026.
KKR & Co. Inc. (KKR - Free Report) is slated to report third-quarter 2026 results on Nov. 9, 2026, before the opening bell. Its earnings and revenues in the to-be-reported quarter are expected to have increased year over year.
In the last reported quarter, the company’s results have primarily reflected impressive growth in assets under management. However, an increase in expenses acted as a headwind.
The company boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average beat being 7.31%.
The Zacks Consensus Estimate for earnings for the third quarter of 2026 is pegged at $1.58 per share, which has been unchanged over the past week. The figure indicates 12.1% growth from the year-ago quarter's reported figure.
The consensus estimate for sales for the third quarter of 2026 is pegged at $1.75 billion, reflecting a 19.5% year-over-year increase.
Key Factors & Estimates for KKR in Q3
KKR has been witnessing growth in fee-earning AUM and total AUM, supported by its diversified product and revenue mix, strong position in the alternative investments space and steady net inflows. With client activity remaining robust during the third quarter, the company is expected to have recorded further growth in AUM, driven by stronger inflows.
The Zacks Consensus Estimate for AUM is pegged at $820.4 billion, suggesting a rise of 13.4% from the prior-year quarter’s actual. Likewise, the consensus estimate for fee-paying AUM is pegged at $654.6 billion, indicating an 11.9% year-over-year increase.
The Zacks Consensus Estimate for management fees (segment revenues) for the to-be-reported quarter is pegged at $1.23 billion, suggesting growth of 15.3% from the prior-year quarter. The consensus estimate for fee-related performance revenues (segment revenues) of $234.9 million implies a significant rise from the $73.8 million reported in the year-ago quarter.
Additionally, KKR generated profits from deal exits during the to-be-reported quarter. Based on the company's preliminary estimate for the period between July 1 and Sept. 25, 2026, total realized performance income and net realized investment income are in excess of $750 million. The monetization activity is made up of approximately 80% realized performance income and approximately 20% realized investment income.
Talking about expenses, KKR is likely to have reported elevated expenses in the to-be-reported quarter due to higher employee compensation, commission and reinsurance expenses. The company anticipates expenses to remain elevated as placement fees increase with continued fundraising activity.
What Our Model Predicts for KKR
Our proven model does not conclusively predict an earnings beat for KKR this time. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you can see below.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
T. Rowe Price Group, Inc. (TROW - Free Report) reported third-quarter 2026 adjusted earnings per share (EPS) of $2.86, which surpassed the Zacks Consensus Estimate of $2.58. Further, the bottom line increased 1.8% year over year.
TROW’s results benefited from higher investment advisory fees, increased average assets under management and strong capital allocation-based income. However, substantial net client outflows and higher adjusted operating expenses were headwinds.
BlackRock’s (BLK - Free Report) third-quarter 2026 adjusted earnings of $15.93 per share surpassed the Zacks Consensus Estimate of $13.97. The figure reflects a 38% rise from the year-ago quarter.
BLK’s results benefited from record assets under management, higher revenues, robust asset inflows and improved operating performance. However, higher expenses weighed on the results.
View the Zacks #1 Rank List
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KKR's Q3 Earnings Coming Up: Here's What to Expect From the Stock
Key Takeaways
KKR & Co. Inc. (KKR - Free Report) is slated to report third-quarter 2026 results on Nov. 9, 2026, before the opening bell. Its earnings and revenues in the to-be-reported quarter are expected to have increased year over year.
In the last reported quarter, the company’s results have primarily reflected impressive growth in assets under management. However, an increase in expenses acted as a headwind.
The company boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average beat being 7.31%.
KKR & Co. Inc. Price and EPS Surprise
KKR & Co. Inc. price-eps-surprise | KKR & Co. Inc. Quote
Earnings & Sales Estimates for KKR
The Zacks Consensus Estimate for earnings for the third quarter of 2026 is pegged at $1.58 per share, which has been unchanged over the past week. The figure indicates 12.1% growth from the year-ago quarter's reported figure.
The consensus estimate for sales for the third quarter of 2026 is pegged at $1.75 billion, reflecting a 19.5% year-over-year increase.
Key Factors & Estimates for KKR in Q3
KKR has been witnessing growth in fee-earning AUM and total AUM, supported by its diversified product and revenue mix, strong position in the alternative investments space and steady net inflows. With client activity remaining robust during the third quarter, the company is expected to have recorded further growth in AUM, driven by stronger inflows.
The Zacks Consensus Estimate for AUM is pegged at $820.4 billion, suggesting a rise of 13.4% from the prior-year quarter’s actual. Likewise, the consensus estimate for fee-paying AUM is pegged at $654.6 billion, indicating an 11.9% year-over-year increase.
The Zacks Consensus Estimate for management fees (segment revenues) for the to-be-reported quarter is pegged at $1.23 billion, suggesting growth of 15.3% from the prior-year quarter. The consensus estimate for fee-related performance revenues (segment revenues) of $234.9 million implies a significant rise from the $73.8 million reported in the year-ago quarter.
Additionally, KKR generated profits from deal exits during the to-be-reported quarter. Based on the company's preliminary estimate for the period between July 1 and Sept. 25, 2026, total realized performance income and net realized investment income are in excess of $750 million. The monetization activity is made up of approximately 80% realized performance income and approximately 20% realized investment income.
Talking about expenses, KKR is likely to have reported elevated expenses in the to-be-reported quarter due to higher employee compensation, commission and reinsurance expenses. The company anticipates expenses to remain elevated as placement fees increase with continued fundraising activity.
What Our Model Predicts for KKR
Our proven model does not conclusively predict an earnings beat for KKR this time. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you can see below.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for KKR is -0.05%.
Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.
Performances of KKR's Peers
T. Rowe Price Group, Inc. (TROW - Free Report) reported third-quarter 2026 adjusted earnings per share (EPS) of $2.86, which surpassed the Zacks Consensus Estimate of $2.58. Further, the bottom line increased 1.8% year over year.
TROW’s results benefited from higher investment advisory fees, increased average assets under management and strong capital allocation-based income. However, substantial net client outflows and higher adjusted operating expenses were headwinds.
BlackRock’s (BLK - Free Report) third-quarter 2026 adjusted earnings of $15.93 per share surpassed the Zacks Consensus Estimate of $13.97. The figure reflects a 38% rise from the year-ago quarter.
BLK’s results benefited from record assets under management, higher revenues, robust asset inflows and improved operating performance. However, higher expenses weighed on the results.