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Carlyle Group (CG) Revenue & Revenue Breakdown

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Carlyle Group Revenue Highlights

Latest Revenue (Y)

$5.43B

Latest Revenue (Q)

$455.90M

Main Segment (Y)

Fund Management Fee

Main Geography (Y)

Americas

Carlyle Group Revenue by Period

Carlyle Group Revenue by Year

DateRevenueChange
2024-12-31$5.43B105.28%
2023-12-31$2.64B-21.23%
2022-12-31$3.36B-39.35%
2021-12-31$5.53B194.76%
2020-12-31$1.88B-30.56%
2019-12-31$2.70B49.42%
2018-12-31$1.81B-21.73%
2017-12-31$2.31B50.35%
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$3.63B27.60%
2011-12-31$2.85B1.66%
2010-12-31$2.80B112.39%
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

DateRevenueChange
2025-09-30$455.90M-61.24%
2025-06-30$1.18B45.59%
2025-03-31$807.80M-12.86%
2024-12-31$927.00M-37.65%
2024-09-30$1.49B61.53%
2024-06-30$920.40M22.04%
2024-03-31$754.20M-441.42%
2023-12-31$-220.90M-129.02%
2023-09-30$761.20M33.57%
2023-06-30$569.90M-24.71%
2023-03-31$756.90M0.89%
2022-12-31$750.20M-16.15%
2022-09-30$894.70M9.31%
2022-06-30$818.50M-32.57%
2022-03-31$1.21B-12.47%
2021-12-31$1.39B21.20%
2021-09-30$1.14B-33.08%
2021-06-30$1.71B8.01%
2021-03-31$1.58B44.31%
2020-12-31$1.10B35.77%
2020-09-30$807.90M25.12%
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$956.70M7.81%
2019-03-31$887.40M201.94%
2018-12-31$293.90M-44.57%
2018-09-30$530.20M-22.54%
2018-06-30$684.50M25.18%
2018-03-31$546.80M-20.70%
2017-12-31$689.50M71.39%
2017-09-30$402.30M-30.47%
2017-06-30$578.60M-9.64%
2017-03-31$640.30M58.57%
2016-12-31$403.80M8.78%
2016-09-30$371.20M-11.37%
2016-06-30$418.80M22.06%
2016-03-31$343.10M28.60%
2015-12-31$266.80M29544.44%
2015-09-30$900.00K-99.89%
2015-06-30$846.90M-15.58%
2015-03-31$1.00B408.46%
2014-12-31$197.30M-62.32%
2014-09-30$523.60M-46.83%
2014-06-30$984.80M7.55%
2014-03-31$915.70M-14.52%
2013-12-31$1.07B156.11%
2013-09-30$418.30M-40.46%
2013-06-30$702.50M-11.32%
2013-03-31$792.20M-43.93%
2012-12-31$1.41B64.58%
2012-09-30$858.50M245.61%
2012-06-30$248.40M-77.64%
2012-03-31$1.11B33.55%
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$1.54B211.98%
2010-09-30$494.30M-

Carlyle Group generated $455.90M in revenue during Q3 2025, up -61.24% compared to the previous quarter, and up 49.53% compared to the same period a year ago.

Carlyle Group Revenue Breakdown

Carlyle Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Incentive Fee$134.20M$96.20M$63.70M$48.80M-
Performance Allocations$2.02B$-85.00M$1.33B$6.08B-
Principal Investment Income (Loss)$267.70M$160.20M---
Fund Management Fee$2.22B$2.07B$2.03B$1.67B$1.49B
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment$-167.90M----
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 (49.64%), Performance Allocations (45.13%), Principal Investment Income (Loss) (5.99%), Incentive Fee (3.00%), and Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (-3.76%).

Quarterly Revenue by Product

Product/ServiceSep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Performance Allocations$-8.50M$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-----
Incentive Fee$53.80M$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$600.00M$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
Principal Investment Income (Loss)$87.70M$-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------
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment$56.50M$331.00M------------------
Segment Reconciling Items--$-18.10M-----------------

Carlyle Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Fund Management Fee (76.00%), Principal Investment Income (Loss) (11.11%), Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (7.16%), Incentive Fee (6.81%), and Performance Allocations (-1.08%).

Carlyle Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Dec 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

TickerCompanyLast Year RevenueLast Quarter Revenue
TSLXSixth Street Specialty Lending$473.08B$106.77B
APOApollo Global Management$26.11B$9.94B
KKRKKR$21.88B$5.53B
BLKBlackRock$18.56B$6.51B
BXBlackstone$13.23B$3.09B
CGCarlyle Group$5.43B$455.90M
ARESAres Management$3.88B$1.66B
OWLBlue Owl Capital$2.30B$727.99M
GBDCGolub Capital BDC$858.81M$215.65M
HLNEHamilton Lane$553.84M$190.88M
NMFCNew Mountain Finance$371.67M$80.53M
TCPCBlackRock TCP Capital$259.44M$50.52M
TPVGTriplePoint Venture Growth BDC$108.65M$23.24M
BAMBrookfield 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 Q3 2025 was $455.9M, a -61.24% decrease from the previous quarter (Q2 2025), and a -69.33% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.18B, a 45.59% increase from the previous quarter (Q1 2025), and a 27.78% increase year-over-year (Q2 2024). CG'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).

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 Incentive Fee, Performance Allocations, Principal Investment Income (Loss), Fund Management Fee, and Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment. Incentive Fee generated $134.2M in revenue, accounting 3.00% of the company's total revenue, up 39.50% year-over-year. Performance Allocations generated $2.02B in revenue, accounting 45.13% of the company's total revenue, down -2472.71% year-over-year. Principal Investment Income (Loss) generated $267.7M in revenue, accounting 5.99% of the company's total revenue, up 67.10% year-over-year. Fund Management Fee generated $2.22B in revenue, accounting 49.64% of the company's total revenue, up 6.94% year-over-year. Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment generated $-168M in revenue, accounting -3.76% of the company's total revenue

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 49.64% of the company's total revenue.