NYSE$KKR

KKR & Co LP · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

KKR reported record quarterly and annual figures, driven by significant fundraising and the addition of Global Atlantic, resulting in an 87% increase in AUM.

KKR reported strong fourth-quarter results, marked by record quarterly and annual figures in key metrics such as Fee Related Earnings per share and After-tax Distributable Earnings per share. The acquisition of Global Atlantic significantly boosted Assets Under Management (AUM), which rose by 87% to $471 billion. The company also highlighted its momentum and conviction in long-term growth prospects entering 2022.

  • Fee Related Earnings (FRE) reached $606 million, or $0.69 per adjusted share, showing a 45% year-over-year increase.
  • After-tax Distributable Earnings (DE) totaled $1.4 billion, or $1.59 per adjusted share, up 158% year-over-year.
  • Assets Under Management (AUM) increased to $471 billion, representing an 87% increase year-over-year.
  • The company repurchased $363 million of common stock in the open market since November 2, 2021.

Headline financials

Total Revenue

$2.22B

Previous: $1.07B+107.7%
EPS (adj)

$1.59

Previous: $0.49+224.5%
Net Income

$508M

Previous: $1.48B-65.7%
Operating Income

$905M

Previous: $2.91B-68.9%

Revenue & EPS history

KKR · Revenue · Quarterly

$2.22B

Q4 2021+107.7%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Beginning with the dividend to be announced with the results for the quarter ending March 31, 2022, KKR intends to increase its regular annualized dividend per share of common stock from $0.58 to $0.62.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.8%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+9.3%

Q1 2020

Best reaction

-16.6%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.1%-0.8%-11.0%
Q4 2025-5.3%+2.3%-12.8%
Q3 2025+1.7%+3.2%+8.5%
Q2 2025-2.6%-5.2%-7.3%
Q1 2025+0.2%-0.5%+6.3%
Q4 2024-8.5%-9.0%-28.9%
Q3 2024+1.0%+0.6%+14.5%
Q2 2024-0.2%-11.5%+3.2%
Q1 2024+4.4%+5.6%+10.5%
Q4 2023+7.1%+9.7%+10.8%
Q3 2023+5.1%+7.0%+27.1%
Q2 2023+1.7%+2.9%+2.5%
Q1 2023-4.9%-5.9%+6.2%
Q4 2022+4.0%+3.5%-2.8%
Q3 2022+2.5%+5.6%+8.1%
Q2 2022-4.0%-5.6%-9.7%
Q1 2022+8.3%+1.2%+6.4%
Q4 2021-2.7%-11.3%-24.4%
Q3 2021+7.4%+3.4%-2.8%
Q2 2021+3.9%+6.4%+1.4%
Q1 2021+3.3%+4.4%-1.2%
Q4 2020+4.3%+8.0%+7.0%
Q3 2020+0.7%+6.8%+11.3%
Q2 2020+1.4%+3.1%-0.4%
Q1 2020+9.3%+7.3%+23.4%
Q4 2019+4.4%+9.0%-5.9%
Q3 2019+0.4%+2.6%+3.7%
Q2 2019+0.0%-1.0%-6.7%
Q1 2019-0.7%-0.6%-5.8%
Q4 2018+5.6%+3.5%+0.5%
Q3 2018+3.7%+4.6%+0.2%
Q2 2018-0.3%-1.3%-3.8%
Q1 2018+7.0%+5.4%+4.5%
Q4 2017-4.5%-4.2%+2.3%
Q3 2017-0.8%-2.3%-4.9%
Q2 2017-0.1%+0.8%-4.5%
Q1 2017+6.8%+5.5%+5.1%
Q4 2016-1.1%-2.0%-0.9%
Q3 2016+2.7%+0.2%+7.4%
Q2 2016+5.7%+3.7%+5.5%
Q1 2016-2.8%
Q4 2015+2.0%
Q3 2015-5.2%
Q2 2015+0.1%
Q1 2015+0.1%
Q4 2014-2.8%
Q3 2014+5.3%
Q2 2014-2.1%
Q1 2014+0.3%
Q4 2013+4.1%
Q3 2013+3.2%
Q2 2013-0.8%
Q1 2013+4.3%
Q4 2012+0.6%
Q3 2012-1.0%
Q2 2012+1.2%
Q1 2012-1.6%
Q4 2011-2.9%
Q3 2011-7.2%
Q2 2011-16.6%
Q1 2011-0.4%
Q4 2010-1.0%
Q3 2010-2.2%
Q2 2010+3.5%
Q1 2010+0.4%

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