Carlyle FY 2025 incentive fees rise 43% to USD 190.5 million

Reuters
Feb 28
Carlyle FY 2025 incentive fees rise 43% to USD 190.5 million

Carlyle reported FY 2025 net income of USD 944.7 million, with net income attributable to common stockholders of USD 808.7 million. Total revenues were USD 4.8 billion (down 12.0%), including fund management fees of USD 2.4 billion (up 10.0%), incentive fees of USD 190.5 million (up 43.0%) and total investment income of USD 1.3 billion (down 40.0%), with performance allocations of USD 1.2 billion (down 39.0%). Income before provision for income taxes was USD 1.2 billion (down 17.0%), and the effective tax rate was 18.5% (vs. 21.7%). For FY 2025, Carlyle posted Distributable Earnings of USD 1.7 billion and Fee Related Earnings of USD 1.2 billion. As of December 31, 2025, Carlyle had total AUM of USD 476.9 billion and fee-earning AUM of USD 336.8 billion, with capital inflows of USD 53.7 billion in 2025 (up 32.0%). The firm said it deployed USD 54.5 billion in 2025 (up more than 25%), generated USD 34.1 billion of realized proceeds from carry funds (up 19.0%), and reported net transaction and portfolio advisory fees of USD 206.0 million for FY 2025 (up 35.0%). Corporate updates included an USD 800.0 million issuance of 5.050% senior notes due 2035 in September 2025, a quarterly dividend of USD 0.35 per share declared in February 2026, and a reset of its share repurchase authorization to USD 2.0 billion effective February 26, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Carlyle Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527166-26-000009), on February 27, 2026, and is solely responsible for the information contained therein.

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