What is KKR & Co.'s expense reimbursement — performance revenues?

KKR & Co. (KKR) reported expense reimbursement — performance revenues of $52.05M in Q2 2026.

What does expense reimbursement — performance revenues mean?

This metric represents the recovery of costs incurred by the asset manager on behalf of the investment funds or vehicles it manages. These expenses are typically passed through to the funds and are recognized as revenue when the firm is contractually entitled to reimbursement for administrative, legal, or deal-related costs. It reflects the operational pass-through nature of managing alternative investment vehicles where specific costs are borne by the fund rather than the management company.

KKR & Co. (KKR) Expense Reimbursement — Performance revenues

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Other product segments

Transaction Fee

$370.68M+7.4%

Fee Credit

-$180.23M-33.8%

Monitoring Fee

$64.44M+21.4%

Investment Advice

$29.6M+19.6%

Incentive Fee

$14.39M+4.4%

Similar metrics at other companies

CGPerformance allocations — Performance revenues

$742.9M+233%

CGPrincipal investment income (loss) — Performance revenues

$69.6M-25.2%

APA

APAMExpense Reimbursement — Revenue

$117K-19.9%

GCMGFund expense reimbursement revenue — Revenue

$5.67M+21.0%

CBLOperating Expense Reimbursements — Revenue

$2.11M+8.9%

UETenant expense reimbursements — Rental revenue from tenant expense reimbursements

$40.5M+16.6%

Other financials

Income statement

See full

Revenue$5.7B+12.5%

Net income$700.5M+37.3%

EPS (diluted)$0.70+40.0%

Balance sheet

See full

Cash & equivalents$21.2B+17.4%

Total debt$347.9M-99.1%

Total equity$31.0B+10.0%

Total assets$414.46B+8.8%

Cash flow

See full

Operating cash flow$3.3B+641%

Valuation

See full

Market cap$94.85B-26.4%

P/E30.1×-32.7×

P/S4.5×-3.5×

Profitability

See full

Net margin14.8%+2.2pp

FCF margin-139.2%—

Returns & leverage

See full

Return on equity10.6%+2.4pp

Debt / equity0×-2.1×

Where this comes from

Reported directly by KKR & Co. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: KKR & Co.’s 10-Q, filed August 6, 2026.

Filed: Aug 6, 2026, 5:25 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001404912-26-000027

Line item	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Six Months Ended June 30, 2026	Six Months Ended June 30, 2025
Transaction Fees	370,679	345,209	748,762	733,538
Monitoring Fees	64,439	53,090	124,261	101,761
Incentive Fees	14,394	13,790	61,792	15,118
Expense Reimbursements	52,047	29,494	107,615	61,702
Consulting Fees	29,595	24,755	56,436	45,592
Total Fees and Other	1,180,442	924,434	2,367,284	1,811,244
Carried Interest	937,962	800,521	1,753,993	1,868,783
General Partner Capital Interest	84,419	110,211	110,241	201,054

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is KKR & Co.'s expense reimbursement — performance revenues?: KKR & Co. (KKR) reported expense reimbursement — performance revenues of $52.05M in Q2 2026.
What does expense reimbursement — performance revenues mean?: This metric represents the recovery of costs incurred by the asset manager on behalf of the investment funds or vehicles it manages. These expenses are typically passed through to the funds and are recognized as revenue when the firm is contractually entitled to reimbursement for administrative, legal, or deal-related costs. It reflects the operational pass-through nature of managing alternative investment vehicles where specific costs are borne by the fund rather than the management company.