Q2 2026 Earnings

Operating metrics disclosed this quarter

Read from the filing itself — XBRL does not carry these, so no standard financial dataset has them.

• Evergreen Wealth Product AUM

  $20.10B

  In the second quarter of 2026, we deployed $14.3 billion across our platform and $53.0 billion over the last twelve months. In our traditional carry funds, we realized proceeds of $6.7 billion in the second quarter of 2026 and $36.8 billion over the last twelve months, including $2.9 billion and $15.3 billion, respectively, in our corporate private equity strategy. We had $16.8 billion in inflows in the second quarter of 2026 and $55.8 billion in inflows over the last twelve months as of June 30, 2026. Inflows over the last twelve months include $7.3 billion in our evergreen wealth products, which had $20.1 billion in assets under management as of June 30, 2026, a 64% increase from one year ago.

• Fee-earning Assets Under Management

  $334.41B

  As of June 30, 2026 and 2025 (Dollars in millions), Components of Fee-earning AUM: based on capital commitments $72,626; $70,434; based on invested capital 76,974; 80,609; based on collateral balances, at par 42,368; 45,062; based on net asset value 33,867; 26,221; based on fair value and other 108,574; 102,375; Balance, End of Period $334,409; $324,701. Ending balances as of June 30, 2026 and 2025 exclude $27.6 billion and $17.6 billion, respectively, of Pending Fee-earning AUM for which fees have not yet been activated.

• Pending Fee-earning Assets Under Management

  $27.60B

  As of June 30, 2026 and 2025 (Dollars in millions), Components of Fee-earning AUM: based on capital commitments $72,626; $70,434; based on invested capital 76,974; 80,609; based on collateral balances, at par 42,368; 45,062; based on net asset value 33,867; 26,221; based on fair value and other 108,574; 102,375; Balance, End of Period $334,409; $324,701. Ending balances as of June 30, 2026 and 2025 exclude $27.6 billion and $17.6 billion, respectively, of Pending Fee-earning AUM for which fees have not yet been activated.

• Perpetual Capital AUM

  $119.70B

  As of June 30, 2026, our total AUM and Fee-earning AUM included $119.7 billion and $113.2 billion, respectively, of Perpetual Capital. Our Perpetual Capital total AUM and Fee-earning AUM, exclusive of assets managed under the strategic advisory services agreement with Fortitude, was $39.9 billion and $33.5 billion, respectively, as of June 30, 2026. “Performance Fee Eligible AUM” represents the AUM of funds for which we are entitled to receive performance allocations, inclusive of the fair value of investments in those funds and their Available Capital. As of June 30, 2026, our total AUM included $236.6 billion of Performance Fee Eligible AUM.

• Perpetual Capital Fee-earning AUM

  $113.20B

  As of June 30, 2026, our total AUM and Fee-earning AUM included $119.7 billion and $113.2 billion, respectively, of Perpetual Capital. Our Perpetual Capital total AUM and Fee-earning AUM, exclusive of assets managed under the strategic advisory services agreement with Fortitude, was $39.9 billion and $33.5 billion, respectively, as of June 30, 2026. “Performance Fee Eligible AUM” represents the AUM of funds for which we are entitled to receive performance allocations, inclusive of the fair value of investments in those funds and their Available Capital. As of June 30, 2026, our total AUM included $236.6 billion of Performance Fee Eligible AUM.

• Total Assets Under Management

  $485.50B

  The table below provides the period to period rollforward of Total AUM. Three Months Ended June 30, 2026; Six Months Ended June 30, 2026; Consolidated Results (Dollars in millions). Total AUM Rollforward: Balance, Beginning of Period $475,418; $476,867. Inflows 16,784; 29,762. Outflows (including realizations) (11,319); (24,845). Market Activity & Other 5,421; 5,517. Foreign Exchange (809); (1,806). Balance, End of Period $485,495; $485,495.

• Fee-earning AUM Inflows

  $8.50B

  The table below provides the period to period rollforward of Fee-earning AUM. Three Months Ended June 30, 2026 and Six Months Ended June 30, 2026 (Dollars in millions). Balance, Beginning of Period $333,357; $336,778. Inflows 8,498; 16,135. Outflows (including realizations) (6,389); (15,203). Market Activity & Other (582); (2,123). Foreign Exchange (475); (1,178). Balance, End of Period $334,409; $334,409.

• Fee-earning AUM Outflows Including Realizations

  $-6.39B

  The table below provides the period to period rollforward of Fee-earning AUM. Three Months Ended June 30, 2026 and Six Months Ended June 30, 2026 (Dollars in millions). Balance, Beginning of Period $333,357; $336,778. Inflows 8,498; 16,135. Outflows (including realizations) (6,389); (15,203). Market Activity & Other (582); (2,123). Foreign Exchange (475); (1,178). Balance, End of Period $334,409; $334,409.

• Total AUM Outflows Including Realizations

  $-11.32B

  The table below provides the period to period rollforward of Total AUM. Three Months Ended June 30, 2026; Six Months Ended June 30, 2026; Consolidated Results (Dollars in millions). Total AUM Rollforward: Balance, Beginning of Period $475,418; $476,867. Inflows 16,784; 29,762. Outflows (including realizations) (11,319); (24,845). Market Activity & Other 5,421; 5,517. Foreign Exchange (809); (1,806). Balance, End of Period $485,495; $485,495.

• Capital Deployed

  $14.30B

  In the second quarter of 2026, we deployed $14.3 billion across our platform and $53.0 billion over the last twelve months. In our traditional carry funds, we realized proceeds of $6.7 billion in the second quarter of 2026 and $36.8 billion over the last twelve months, including $2.9 billion and $15.3 billion, respectively, in our corporate private equity strategy. We had $16.8 billion in inflows in the second quarter of 2026 and $55.8 billion in inflows over the last twelve months as of June 30, 2026. Inflows over the last twelve months include $7.3 billion in our evergreen wealth products, which had $20.1 billion in assets under management as of June 30, 2026, a 64% increase from one year ago.

• Global Private Equity Available Capital

  $42.00B

  Total AUM was $162.7 billion at June 30, 2026, which comprised $120.7 billion of investments at fair value and $42.0 billion of available capital. Approximately 10% of the fair value as of June 30, 2026 was publicly traded, and approximately 66% was aged four or more years.

• Carlyle AlpInvest Annualized Management Fee Rate

  0.7%

  As of June 30, 2026 and 2025, Carlyle AlpInvest (Dollars in millions): Total Fee-earning AUM $70,222; $59,587. Annualized Management Fee Rate 0.68%; 0.67%. Represents annualized fund management fees divided by the average of the beginning of year and each quarter end’s Fee-earning AUM in the reporting period. Catch-up management fees were excluded in the calculation of the annualized fund management fees.

• Global Credit Annualized Management Fee Rate

  0.3%

  As of June 30, 2026 and 2025, Global Credit (Dollars in millions): Total Fee-earning AUM $167,630; $162,784. Annualized Management Fee Rate 0.35%; 0.36%. Represents annualized fund management fees divided by the average of the beginning of year and each quarter end’s Fee-earning AUM in the reporting period. Catch-up management fees were excluded in the calculation of the annualized fund management fees.

• Global Private Equity Annualized Management Fee Rate

  1.1%

  As of June 30, 2026 and 2025, Global Private Equity (Dollars in millions): Total Fee-earning AUM $96,557; $102,330. Annualized Management Fee Rate 1.14%; 1.16%. Represents annualized fund management fees divided by the average of the beginning of year and each quarter end’s Fee-earning AUM in the reporting period. Catch-up management fees were excluded in the calculation of the annualized fund management fees.

• Overall Carry Fund Appreciation

  3.0%

  Net accrued performance revenues attributable to The Carlyle Group Inc. $2,414.6 million. The net accrued performance revenues attributable to The Carlyle Group Inc., excluding realized amounts, related to our carry funds and our other vehicles as of June 30, 2026, as well as the carry fund appreciation (depreciation), is set forth below by segment (Dollars in millions): Overall Carry Fund Appreciation/(Depreciation): Q2 2026 quarter-to-date 3%; year-to-date 3%; last twelve months 7%. Net Accrued Performance Revenues $2,414.6.

• Evergreen Wealth Product Inflows

  $7.30B

  In the second quarter of 2026, we deployed $14.3 billion across our platform and $53.0 billion over the last twelve months. In our traditional carry funds, we realized proceeds of $6.7 billion in the second quarter of 2026 and $36.8 billion over the last twelve months, including $2.9 billion and $15.3 billion, respectively, in our corporate private equity strategy. We had $16.8 billion in inflows in the second quarter of 2026 and $55.8 billion in inflows over the last twelve months as of June 30, 2026. Inflows over the last twelve months include $7.3 billion in our evergreen wealth products, which had $20.1 billion in assets under management as of June 30, 2026, a 64% increase from one year ago.

• Total AUM Inflows

  $16.78B

  The table below provides the period to period rollforward of Total AUM. Three Months Ended June 30, 2026; Six Months Ended June 30, 2026; Consolidated Results (Dollars in millions). Total AUM Rollforward: Balance, Beginning of Period $475,418; $476,867. Inflows 16,784; 29,762. Outflows (including realizations) (11,319); (24,845). Market Activity & Other 5,421; 5,517. Foreign Exchange (809); (1,806). Balance, End of Period $485,495; $485,495.

• Net Accrued Performance Revenues Attributable to Carlyle

  $2.41B

  Net accrued performance revenues attributable to The Carlyle Group Inc. $2,414.6 million. The net accrued performance revenues attributable to The Carlyle Group Inc., excluding realized amounts, related to our carry funds and our other vehicles as of June 30, 2026, as well as the carry fund appreciation (depreciation), is set forth below by segment (Dollars in millions): Overall Carry Fund Appreciation/(Depreciation): Q2 2026 quarter-to-date 3%; year-to-date 3%; last twelve months 7%. Net Accrued Performance Revenues $2,414.6.

• Performance Fee Eligible AUM

  $236.60B

  As of June 30, 2026, our total AUM and Fee-earning AUM included $119.7 billion and $113.2 billion, respectively, of Perpetual Capital. Our Perpetual Capital total AUM and Fee-earning AUM, exclusive of assets managed under the strategic advisory services agreement with Fortitude, was $39.9 billion and $33.5 billion, respectively, as of June 30, 2026. “Performance Fee Eligible AUM” represents the AUM of funds for which we are entitled to receive performance allocations, inclusive of the fair value of investments in those funds and their Available Capital. As of June 30, 2026, our total AUM included $236.6 billion of Performance Fee Eligible AUM.

• Traditional Carry Fund Realized Proceeds

  $6.70B

  In the second quarter of 2026, we deployed $14.3 billion across our platform and $53.0 billion over the last twelve months. In our traditional carry funds, we realized proceeds of $6.7 billion in the second quarter of 2026 and $36.8 billion over the last twelve months, including $2.9 billion and $15.3 billion, respectively, in our corporate private equity strategy. We had $16.8 billion in inflows in the second quarter of 2026 and $55.8 billion in inflows over the last twelve months as of June 30, 2026. Inflows over the last twelve months include $7.3 billion in our evergreen wealth products, which had $20.1 billion in assets under management as of June 30, 2026, a 64% increase from one year ago.

• Carlyle AlpInvest AUM

  $111.70B

  As of June 30, 2026, our Global Private Equity segment had $162.7 billion in AUM and $96.6 billion in Fee-earning AUM. As of June 30, 2026, our Global Credit segment had $211.1 billion in AUM and $167.6 billion in Fee-earning AUM. As of June 30, 2026, our Carlyle AlpInvest segment had $111.7 billion in AUM and $70.2 billion in Fee-earning AUM.

• Carlyle AlpInvest Fee-earning AUM

  $70.20B

  As of June 30, 2026, our Global Private Equity segment had $162.7 billion in AUM and $96.6 billion in Fee-earning AUM. As of June 30, 2026, our Global Credit segment had $211.1 billion in AUM and $167.6 billion in Fee-earning AUM. As of June 30, 2026, our Carlyle AlpInvest segment had $111.7 billion in AUM and $70.2 billion in Fee-earning AUM.

• Global Credit AUM

  $211.10B

  As of June 30, 2026, our Global Private Equity segment had $162.7 billion in AUM and $96.6 billion in Fee-earning AUM. As of June 30, 2026, our Global Credit segment had $211.1 billion in AUM and $167.6 billion in Fee-earning AUM. As of June 30, 2026, our Carlyle AlpInvest segment had $111.7 billion in AUM and $70.2 billion in Fee-earning AUM.

• Global Credit Fee-earning AUM

  $167.60B

  As of June 30, 2026, our Global Private Equity segment had $162.7 billion in AUM and $96.6 billion in Fee-earning AUM. As of June 30, 2026, our Global Credit segment had $211.1 billion in AUM and $167.6 billion in Fee-earning AUM. As of June 30, 2026, our Carlyle AlpInvest segment had $111.7 billion in AUM and $70.2 billion in Fee-earning AUM.

• Global Private Equity AUM

  $162.70B

  As of June 30, 2026, our Global Private Equity segment had $162.7 billion in AUM and $96.6 billion in Fee-earning AUM. As of June 30, 2026, our Global Credit segment had $211.1 billion in AUM and $167.6 billion in Fee-earning AUM. As of June 30, 2026, our Carlyle AlpInvest segment had $111.7 billion in AUM and $70.2 billion in Fee-earning AUM.

• Global Private Equity Fee-earning AUM

  $96.60B

  As of June 30, 2026, our Global Private Equity segment had $162.7 billion in AUM and $96.6 billion in Fee-earning AUM. As of June 30, 2026, our Global Credit segment had $211.1 billion in AUM and $167.6 billion in Fee-earning AUM. As of June 30, 2026, our Carlyle AlpInvest segment had $111.7 billion in AUM and $70.2 billion in Fee-earning AUM.