Carlyle Group (CG) Revenue & Revenue Breakdown

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Carlyle Group Revenue Highlights

Latest Revenue (Y)

$5.43B

Latest Revenue (Q)

$1.62B

Main Segment (Y)

Fund Management Fee

Main Geography (Y)

Americas

Carlyle Group Revenue by Period

Carlyle Group Revenue by Year

Date	Revenue	Change
2024-12-31	$5.43B	105.28%
2023-12-31	$2.64B	-21.23%
2022-12-31	$3.36B	-39.35%
2021-12-31	$5.53B	194.76%
2020-12-31	$1.88B	-30.56%
2019-12-31	$2.70B	49.42%
2018-12-31	$1.81B	-21.73%
2017-12-31	$2.31B	50.35%
2016-12-31	$1.54B	-27.43%
2015-12-31	$2.12B	-19.21%
2014-12-31	$2.62B	-12.16%
2013-12-31	$2.98B	-17.80%
2012-12-31	$3.63B	27.60%
2011-12-31	$2.85B	1.66%
2010-12-31	$2.80B	112.39%
2009-12-31	$1.32B	-

Carlyle Group generated $5.43B in revenue during NA 2024, up 105.28% compared to the previous quarter, and up 200.77% compared to the same period a year ago.

Carlyle Group Revenue by Quarter

Date	Revenue	Change
2025-06-30	$1.62B	100.51%
2025-03-31	$807.80M	-12.86%
2024-12-31	$927.00M	-37.65%
2024-09-30	$1.49B	61.53%
2024-06-30	$920.40M	22.04%
2024-03-31	$754.20M	-441.42%
2023-12-31	$-220.90M	-129.02%
2023-09-30	$761.20M	33.57%
2023-06-30	$569.90M	-24.71%
2023-03-31	$756.90M	0.89%
2022-12-31	$750.20M	-16.15%
2022-09-30	$894.70M	9.31%
2022-06-30	$818.50M	-32.57%
2022-03-31	$1.21B	-12.47%
2021-12-31	$1.39B	21.20%
2021-09-30	$1.14B	-33.08%
2021-06-30	$1.71B	8.01%
2021-03-31	$1.58B	44.31%
2020-12-31	$1.10B	35.77%
2020-09-30	$807.90M	25.12%
2020-06-30	$645.70M	-255.10%
2020-03-31	$-416.30M	-204.55%
2019-12-31	$398.20M	-40.93%
2019-09-30	$674.10M	-29.54%
2019-06-30	$956.70M	7.81%
2019-03-31	$887.40M	201.94%
2018-12-31	$293.90M	-44.57%
2018-09-30	$530.20M	-22.54%
2018-06-30	$684.50M	25.18%
2018-03-31	$546.80M	-20.70%
2017-12-31	$689.50M	71.39%
2017-09-30	$402.30M	-30.47%
2017-06-30	$578.60M	-9.64%
2017-03-31	$640.30M	58.57%
2016-12-31	$403.80M	8.78%
2016-09-30	$371.20M	-11.37%
2016-06-30	$418.80M	22.06%
2016-03-31	$343.10M	28.60%
2015-12-31	$266.80M	29544.44%
2015-09-30	$900.00K	-99.89%
2015-06-30	$846.90M	-15.58%
2015-03-31	$1.00B	408.46%
2014-12-31	$197.30M	-62.32%
2014-09-30	$523.60M	-46.83%
2014-06-30	$984.80M	7.55%
2014-03-31	$915.70M	-14.52%
2013-12-31	$1.07B	156.11%
2013-09-30	$418.30M	-40.46%
2013-06-30	$702.50M	-11.32%
2013-03-31	$792.20M	-43.93%
2012-12-31	$1.41B	64.58%
2012-09-30	$858.50M	245.61%
2012-06-30	$248.40M	-77.64%
2012-03-31	$1.11B	33.55%
2011-12-31	$831.80M	-1495.64%
2011-09-30	$-59.60M	-107.89%
2011-06-30	$755.80M	-42.63%
2011-03-31	$1.32B	-14.58%
2010-12-31	$1.54B	211.98%
2010-09-30	$494.30M	-

Carlyle Group generated $1.62B in revenue during Q2 2025, up 100.51% compared to the previous quarter, and up 214.76% compared to the same period a year ago.

Carlyle Group Revenue Breakdown

Carlyle Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Performance Allocations	$2.02B	$-85.00M	$1.33B	$6.08B	-
Principal Investment Income (Loss)	$267.70M	$160.20M	-	-	-
Incentive Fee	$134.20M	$96.20M	$63.70M	$48.80M	-
Fund Management Fee	$2.22B	$2.07B	$2.03B	$1.67B	$1.49B
Principal Investment Income	-	-	$570.50M	$637.30M	-

Carlyle Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Fund Management Fee (47.84%), Performance Allocations (43.49%), Principal Investment Income (Loss) (5.77%), and Incentive Fee (2.89%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Principal Investment Income (Loss)	$-11.00M	$-2.60M	$140.70M	$47.40M	$79.60M	$10.40M	$108.80M	$29.30M	$11.70M	$124.20M	$56.70M	$319.60M	$160.40M	-	-	-	-	-	-	-
Incentive Fee	$40.50M	$43.30M	$69.10M	$38.90M	$26.20M	$31.80M	$23.60M	$21.00M	$19.80M	$21.10M	$15.10M	$13.50M	$14.00M	$15.80M	$13.10M	-	-	-	-	-
Fund Management Fee	$620.40M	$594.40M	$1.15B	$539.10M	$530.20M	$554.20M	$511.50M	$507.80M	$500.80M	$497.20M	$535.90M	$546.50M	$450.50M	$484.60M	$407.50M	$394.40M	$381.00M	$394.50M	$363.80M	$371.80M
Performance Allocations	$638.80M	$223.40M	$386.30M	$1.79B	$-155.80M	-	$600.00K	$581.90M	$160.80M	$298.10M	$337.90M	$710.20M	$1.24B	$974.50M	-	-	-	-	-	-
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment	$331.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Segment Reconciling Items	-	$-18.10M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Carlyle Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Performance Allocations (39.44%), Fund Management Fee (38.30%), Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (20.44%), Incentive Fee (2.50%), and Principal Investment Income (Loss) (-0.68%).

Carlyle Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Americas	$4.10B	$1.29B	$2.56B	$5.43B	$1.79B
EMEA	$1.05B	$1.32B	$1.60B	$2.63B	$622.30M
Asia Pacific	$281.80M	$356.00M	$274.90M	$718.20M	$524.60M

Carlyle Group's latest annual revenue breakdown by geography, as of Dec 24: Americas (75.50%), EMEA (19.31%), and Asia Pacific (5.19%).

Carlyle Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TSLX	Sixth Street Specialty Lending	$473.08B	$112.46B
APO	Apollo Global Management	$26.11B	$6.55B
KKR	KKR	$21.88B	$5.09B
BLK	BlackRock	$18.56B	$5.97B
BX	Blackstone	$13.23B	$3.71B
CG	Carlyle Group	$5.43B	$1.62B
ARES	Ares Management	$3.88B	$1.52B
OWL	Blue Owl Capital	$2.30B	$703.11M
GBDC	Golub Capital BDC	$714.79M	$215.65M
HLNE	Hamilton Lane	$553.84M	$175.96M
NMFC	New Mountain Finance	$371.67M	$96.88M
TCPC	BlackRock TCP Capital	$259.44M	$51.47M
TPVG	TriplePoint Venture Growth BDC	$108.65M	$21.08M
BAM	Brookfield Asset Management	-	$1.11B

CG Revenue FAQ

What is Carlyle Group’s yearly revenue?

Carlyle Group's yearly revenue for 2024 was $5.43B, representing an increase of 105.28% compared to 2023. The company's yearly revenue for 2023 was $2.64B, representing a decrease of -21.23% compared to 2022. CG's yearly revenue for 2022 was $3.36B, representing a decrease of -39.35% compared to 2021.

What is Carlyle Group’s quarterly revenue?

Carlyle Group's quarterly revenue for Q2 2025 was $1.62B, a 100.51% increase from the previous quarter (Q1 2025), and a 75.98% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $807.8M, a -12.86% decrease from the previous quarter (Q4 2024), and a 7.11% increase year-over-year (Q1 2024). CG's quarterly revenue for Q4 2024 was $927M, a -37.65% decrease from the previous quarter (Q3 2024), and a 0% increase year-over-year (Q4 2023).

What is Carlyle Group’s revenue growth rate?

Carlyle Group's revenue growth rate for the last 3 years (2022-2024) was 61.71%, and for the last 5 years (2020-2024) was 189.11%.

What are Carlyle Group’s revenue streams?

Carlyle Group's revenue streams in c 24 are Performance Allocations, Principal Investment Income (Loss), Incentive Fee, and Fund Management Fee. Performance Allocations generated $2.02B in revenue, accounting 43.49% of the company's total revenue, down -2472.71% year-over-year. Principal Investment Income (Loss) generated $267.7M in revenue, accounting 5.77% of the company's total revenue, up 67.10% year-over-year. Incentive Fee generated $134.2M in revenue, accounting 2.89% of the company's total revenue, up 39.50% year-over-year. Fund Management Fee generated $2.22B in revenue, accounting 47.84% of the company's total revenue, up 6.94% year-over-year.

What is Carlyle Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Carlyle Group was Fund Management Fee. This segment made a revenue of $2.22B, representing 47.84% of the company's total revenue.