Global Segments — Fee Related Earnings
The Carlyle Group Global Segments — Fee Related Earnings increased by 3.3% to $300.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.4%, from $310.60M to $300.00M. Over 2 years (FY 2023 to FY 2025), Global Segments — Fee Related Earnings shows an upward trend with a 19.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher FRE indicates strong operational leverage and a robust, recurring revenue base that is less sensitive to market volatility than performance-based income.
Detailed definition
Fee Related Earnings (FRE) measures the profitability of the firm's management fee business after deducting related oper...
Peer comparison
A standard industry metric for alternative asset managers, often referred to as 'FRE' or 'Management Fee-Related Earnings' by peers like Blackstone or KKR.
cg_segment_global_segments_fee_related_earningsHistorical Data
| 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 | $212.60M | $202.10M | $193.40M | $207.30M | $204.70M | $254.00M | $266.30M | $273.00M | $277.90M | $287.40M | $310.60M | $323.30M | $311.90M | $290.40M | $300.00M |
| QoQ Change | — | -4.9% | -4.3% | +7.2% | -1.3% | +24.1% | +4.8% | +2.5% | +1.8% | +3.4% | +8.1% | +4.1% | -3.5% | -6.9% | +3.3% |
| YoY Change | — | — | — | — | -3.7% | +25.7% | +37.7% | +31.7% | +35.8% | +13.1% | +16.6% | +18.4% | +12.2% | +1.0% | -3.4% |
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Frequently Asked Questions
- What is The Carlyle Group's global segments — fee related earnings?
- The Carlyle Group (CG) reported global segments — fee related earnings of $300.00M in Q1 2026.
- How has The Carlyle Group's global segments — fee related earnings changed year-over-year?
- The Carlyle Group's global segments — fee related earnings decreased by 3.4% year-over-year, from $310.60M to $300.00M.
- What is the long-term trend for The Carlyle Group's global segments — fee related earnings?
- Over 2 years (2023 to 2025), The Carlyle Group's global segments — fee related earnings has grown at a 19.9% compound annual growth rate (CAGR), from $859.40M to $1.24B.
- What does global segments — fee related earnings mean?
- The profit generated from management fees after accounting for operating expenses.