KKR & Co. Asset Management — Segment Revenue Adjustment, Expense Reimbursement increased by 21.6% to $56.91M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 72.2%, from $204.59M to $56.91M. Over 2 years (FY 2022 to FY 2025), Asset Management — Segment Revenue Adjustment, Expense Reimbursement shows an upward trend with a 26.8% CAGR.
Changes generally track the level of fund activity and administrative complexity rather than underlying business performance.
This reflects revenue recognized to offset costs incurred by the firm on behalf of its funds or portfolio companies, whi...
Standard 'Reimbursable Expenses' or 'Expense Recovery' line item in financial services accounting.
kkr_segment_asset_management_segment_revenue_adjustment_expense_reimbursement| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $25.73M | $25.73M | $25.73M | $25.73M | -$16.84M | -$15.98M | $8.09M | -$27.17M | -$32.79M | $204.59M | $32.21M | $29.49M | $46.79M | $56.91M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -165.4% | +5.1% | +150.6% | -435.7% | -20.7% | +724.0% | -84.3% | -8.4% | +58.6% | +21.6% |
| YoY Change | — | — | — | — | -165.4% | -162.1% | — | -61.3% | -105.2% | — | +298.0% | +208.6% | +242.7% | -72.2% |