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The Carlyle Group CG Incentive fees — Fund management fees and incentive fees

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Other financials

Income statement

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Revenue$254.0M-73.9%
Net income-$132.2M-202%
EPS (diluted)-$0.37-206%

Balance sheet

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Cash & equivalents$1.7B+40.3%
Total debt$466.8M-6.8%
Total equity$7.4B+15.5%
Total assets$29.8B+23.8%

Cash flow

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Operating cash flow-$1.2B-253%
CapEx$28.1M+68.3%
Free cash flow-$1.3B-244%

Valuation

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Market cap$17.94B-20.5%
Enterprise value$16.73B-23.3%
P/E32.8×+14.9×
P/S4.4×+0.8×

Profitability

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Net margin13.5%-5.5pp
FCF margin-105.3%

Returns & leverage

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Return on equity7.9%-9.9pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by The Carlyle Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: The Carlyle Group’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001527166-26-000027
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenues
Fund management fees$584.0$586.1
Incentive fees51.743.2
Investment income (loss)
Performance allocations(681.1)222.9
Principal investment income (loss)64.4(63.1)
Total investment income (loss)(616.7)159.8
Interest and other income55.350.6

Item 1. Financial Statements

FAQ

What is The Carlyle Group's incentive fees — fund management fees and incentive fees?
The Carlyle Group (CG) reported incentive fees — fund management fees and incentive fees of $51.7M in Q1 2026.
How has The Carlyle Group's incentive fees — fund management fees and incentive fees changed year-over-year?
The Carlyle Group's incentive fees — fund management fees and incentive fees increased by 19.4% year-over-year, from $43.3M to $51.7M.
What is the long-term trend for The Carlyle Group's incentive fees — fund management fees and incentive fees?
Over 4 years (2021 to 2025), The Carlyle Group's incentive fees — fund management fees and incentive fees has grown at a 41.8% compound annual growth rate (CAGR), from $48.8M to $197.1M.
What does incentive fees — fund management fees and incentive fees mean?
This metric represents the aggregate revenue generated from management fees and performance-based incentive fees within a specific business segment. Management fees are typically recurring charges based on committed or invested capital, while incentive fees are earned upon achieving specific investment performance hurdles. This combined figure reflects the total fee-related earnings power of the segment's assets under management.

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