NYSE$KKR

KKR & Co LP · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

KKR reported strong growth in fee-related earnings, total operating earnings, and adjusted net income, driven by an improved operating environment.

KKR reported strong Q4 2024 results, with key financial metrics including Fee Related Earnings, Total Operating Earnings and Adjusted Net Income all growing significantly year-over-year. The firm raised a substantial amount of capital, invested a record amount on behalf of clients, and generated $1 billion in revenues in its capital markets business for the first time.

  • Fee Related Earnings (FRE) increased by 25% year-over-year to $843 million.
  • Total Operating Earnings (TOE) increased by 19% year-over-year to $1.1 billion.
  • Adjusted Net Income (ANI) increased by 33% year-over-year to $1.2 billion.
  • Assets Under Management (AUM) reached $638 billion, a 15% increase year-over-year.

Headline financials

Total Revenue

$2.04B

Previous: $1.63B+25.1%
EPS (adj)

$1.32

Previous: $1.00+32.0%
Capital Expenditures

-$53.2M

Previous: -$29.2M-82.0%
Net Income

$1.13B

Previous: $1.04B+8.2%
Operating Income

$1.36B

No prior period

Revenue & EPS history

KKR · Revenue · Quarterly

$2.04B

Q4 2024+25.1%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

KKR anticipates continued growth in Strategic Holdings Operating Earnings, projecting $350+ million by 2026, $700+ million by 2028, and $1.1+ billion by 2030.

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 2024

Historical avgQ4 2024

+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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