What is KKR & Co.'s asset management — noninterest expense?

KKR & Co. (KKR) reported asset management — noninterest expense of $1.21B in Q4 2023.

How has KKR & Co.'s asset management — noninterest expense changed year-over-year?

KKR & Co.'s asset management — noninterest expense increased by 78.4% year-over-year, from $679.73M to $1.21B.

What is the long-term trend for KKR & Co.'s asset management — noninterest expense?

Over 2 years (2021 to 2023), KKR & Co.'s asset management — noninterest expense has grown at a -12.7% compound annual growth rate (CAGR), from $5.46B to $4.16B.

What does asset management — noninterest expense mean?

Total operating costs of the segment excluding interest expenses.

Discontinued — last reported Q4 '23

Business Segments · Noninterest Expense

Asset Management — Noninterest Expense

KKR & Co. Asset Management — Noninterest Expense increased by 3.8% to $1.21B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 78.4%, from $679.73M to $1.21B. Over 2 years (FY 2021 to FY 2023), Asset Management — Noninterest Expense shows a downward trend with a -12.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2019

Last reportedQ4 2023

How to read this metric

Lower noninterest expense relative to revenue indicates higher operating margins and better efficiency.

Detailed definition

The total of all operating expenses excluding interest-related costs, encompassing compensation, G&A, and occupancy. Thi...

Peer comparison

Standard metric for assessing the cost base of financial services segments.

Metric ID: kkr_segment_asset_management_noninterest_expense

Historical Data

11 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	$1.36B	$1.23B	$1.38B	$536.49M	$523.57M	$475.70M	$679.73M	$811.51M	$970.29M	$1.17B	$1.21B
QoQ Change	—	-8.9%	+11.7%	-61.1%	-2.4%	-9.1%	+42.9%	+19.4%	+19.6%	+20.4%	+3.8%
YoY Change	—	—	—	—	-61.4%	-61.5%	-50.7%	+51.3%	+85.3%	+145.6%	+78.4%

Range$475.70M – $1.38B

CAGR-4.3%

Avg YoY Growth+26.7%

Median YoY Growth+51.3%

Current Streak5 quarters growth

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Frequently Asked Questions

What is KKR & Co.'s asset management — noninterest expense?: KKR & Co. (KKR) reported asset management — noninterest expense of $1.21B in Q4 2023.
How has KKR & Co.'s asset management — noninterest expense changed year-over-year?: KKR & Co.'s asset management — noninterest expense increased by 78.4% year-over-year, from $679.73M to $1.21B.
What is the long-term trend for KKR & Co.'s asset management — noninterest expense?: Over 2 years (2021 to 2023), KKR & Co.'s asset management — noninterest expense has grown at a -12.7% compound annual growth rate (CAGR), from $5.46B to $4.16B.
What does asset management — noninterest expense mean?: Total operating costs of the segment excluding interest expenses.