Total Operating Expenses
The Carlyle Group Total Operating Expenses decreased by 73.3% to $368.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 54.4%, from $808.20M to $368.60M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows a downward trend with a -5.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.45B | $938.10M | $1.08B | $841.90M | $725.80M | $699.60M | $557.40M | $703.00M | $547.70M | $555.10M | $1.77B | $560.70M | $845.80M | $1.85B | $800.70M | $808.20M | $1.18B | $370.10M | $1.38B | $368.60M |
| QoQ Change | — | -35.3% | +15.4% | -22.2% | -13.8% | -3.6% | -20.3% | +26.1% | -22.1% | +1.4% | +218.1% | -68.2% | +50.8% | +118.6% | -56.7% | +0.9% | +45.9% | -68.6% | +273.2% | -73.3% |
| YoY Change | — | — | — | — | -50.0% | -25.4% | -48.5% | -16.5% | -24.5% | -20.7% | +216.8% | -20.2% | +54.4% | +233.1% | -54.7% | +44.1% | +39.4% | -80.0% | +72.5% | -54.4% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Global Private Equity | $256.10M | $311.90M | $1.67B | $370.10M | $340.00M | $199.70M | $1.48B | $191.80M |
| Global Credit | $130.20M | $131.20M | $726.70M | $147.10M | $142.80M | $133.40M | $783.80M | $155.60M |
| Carlyle AlpInvest | — | — | — | $70.60M | $70.20M | $81.00M | $1.76B | $76.50M |
| Global Investment Solutions | $59.40M | $84.80M | $1.91B | — | — | — | — | — |
| Total | $845.80M | $1.85B | $800.70M | $808.20M | $1.18B | $370.10M | $1.38B | $368.60M |
Global Investment Solutions, Investment Solutions were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is The Carlyle Group's total operating expenses?
- The Carlyle Group (CG) reported total operating expenses of $368.60M in Q1 2026.
- How has The Carlyle Group's total operating expenses changed year-over-year?
- The Carlyle Group's total operating expenses decreased by 54.4% year-over-year, from $808.20M to $368.60M.
- What is the long-term trend for The Carlyle Group's total operating expenses?
- Over 4 years (2021 to 2025), The Carlyle Group's total operating expenses has grown at a -5.8% compound annual growth rate (CAGR), from $4.76B to $3.74B.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.