Management Fees — Fee Related Revenue
KKR & Co. Management Fees — Fee Related Revenue increased by 5.5% to $1.31B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 23.0%, from $1.07B to $1.31B. Over 4 years (FY 2021 to FY 2025), Management Fees — Fee Related Revenue shows an upward trend with a 21.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates growth in the firm's asset base or successful fee rate negotiations, while a decrease may signal asset outflows or a reduction in the scale of managed capital.
Detailed definition
This metric represents the recurring revenue generated from management fees charged to investment vehicles and client ac...
Peer comparison
Peers in the alternative asset management industry typically report this as a core component of management and advisory fees, often benchmarked against total fee-earning assets under management.
kkr_segment_management_fees_fee_related_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $519.02M | $605.72M | $642.76M | $683.93M | $724.23M | $753.53M | $796.10M | $846.46M | $859.49M | $870.80M | $899.48M | $935.23M | $982.61M | $1.05B | $1.07B | $1.08B | $1.17B | $1.24B | $1.31B |
| QoQ Change | — | +16.7% | +6.1% | +6.4% | +5.9% | +4.0% | +5.6% | +6.3% | +1.5% | +1.3% | +3.3% | +4.0% | +5.1% | +6.4% | +2.0% | +1.7% | +7.9% | +6.2% | +5.5% |
| YoY Change | — | — | — | — | +39.5% | +24.4% | +23.9% | +23.8% | +18.7% | +15.6% | +13.0% | +10.5% | +14.3% | +20.1% | +18.6% | +16.0% | +19.1% | +18.9% | +23.0% |
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Frequently Asked Questions
- What is KKR & Co.'s management fees — fee related revenue?
- KKR & Co. (KKR) reported management fees — fee related revenue of $1.31B in Q4 2025.
- How has KKR & Co.'s management fees — fee related revenue changed year-over-year?
- KKR & Co.'s management fees — fee related revenue increased by 23.0% year-over-year, from $1.07B to $1.31B.
- What is the long-term trend for KKR & Co.'s management fees — fee related revenue?
- Over 4 years (2021 to 2025), KKR & Co.'s management fees — fee related revenue has grown at a 21.2% compound annual growth rate (CAGR), from $2.23B to $4.81B.
- What does management fees — fee related revenue mean?
- The recurring revenue earned by the firm for managing client assets and investment funds.