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Carlyle Group (CG) Revenue & Revenue Breakdown

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Carlyle Group Revenue Highlights

Latest Revenue (Y)

$4.90B

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
2025-12-31$4.90B19.80%
2024-12-31$4.09B118.97%
2023-12-31$1.87B-49.23%
2022-12-31$3.68B-36.86%
2021-12-31$5.82B172.87%
2020-12-31$2.13B-26.82%
2019-12-31$2.92B41.89%
2018-12-31$2.06B-25.97%
2017-12-31$2.78B43.53%
2016-12-31$1.93B-42.43%
2015-12-31$3.36B-13.73%
2014-12-31$3.89B-1.51%
2013-12-31$3.95B-10.40%
2012-12-31$4.41B130.73%
2011-12-31$1.91B-10.56%
2010-12-31$2.14B62.37%
2009-12-31$1.32B2091.51%
2008-12-31$60.10M-

Carlyle Group generated $4.90B in revenue during NA 2025, up 19.80% compared to the previous quarter, and up 229.49% 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 25Dec 24Dec 23Dec 22Dec 21
Incentive Fee$197.10M$134.20M$96.20M$63.70M$48.80M
Fund Management Fee$2.44B$2.22B$2.07B$2.03B$1.67B
Principal Investment Income (Loss)$119.20M$267.70M$160.20M--
Performance Allocations$1.23B$2.02B$-85.00M$1.33B$6.08B
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment$290.40M$-167.90M---
Principal Investment Income---$570.50M$637.30M

Carlyle Group's latest annual revenue breakdown by segment (product or service), as of Dec 25: Fund Management Fee (57.02%), Performance Allocations (28.80%), Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (6.79%), Incentive Fee (4.61%), and Principal Investment Income (Loss) (2.79%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment$-97.10M$56.50M$331.00M-----------------
Performance Allocations$378.30M$-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----
Principal Investment Income (Loss)$45.10M$87.70M$-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-----
Fund Management Fee$624.30M$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
Incentive Fee$59.50M$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$13.10M---
Segment Reconciling Items---$-18.10M----------------

Carlyle Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Fund Management Fee (61.81%), Performance Allocations (37.45%), Incentive Fee (5.89%), Principal Investment Income (Loss) (4.46%), and Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (-9.61%).

Carlyle Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 25Dec 24Dec 23Dec 22Dec 21
Americas$3.28B$4.10B$1.29B$2.56B$5.43B
EMEA$1.45B$1.05B$1.32B$1.60B$2.63B
Asia Pacific$46.60M$281.80M$356.00M$274.90M$718.20M

Carlyle Group's latest annual revenue breakdown by geography, as of Dec 25: Americas (68.66%), EMEA (30.36%), and Asia Pacific (0.97%).

Carlyle Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TSLXSixth Street Specialty Lending$438.70B$106.77B
APOApollo Global Management$30.30B$9.94B
BLKBlackRock$24.22B$6.51B
KKRKKR$19.26B$5.53B
BXBlackstone$13.83B$3.09B
ARESAres Management$6.47B$1.66B
BAMBrookfield Asset Management$4.90B$1.11B
CGCarlyle Group$4.90B$455.90M
OWLBlue Owl Capital$2.87B$727.99M
GBDCGolub Capital BDC$858.81M$203.49M
HLNEHamilton Lane$553.84M$198.59M
NMFCNew Mountain Finance$327.08M$80.53M
TCPCBlackRock TCP Capital$201.79M$50.52M
TPVGTriplePoint Venture Growth BDC$90.93M$23.24M

CG Revenue FAQ

What is Carlyle Group’s yearly revenue?

Carlyle Group's yearly revenue for 2025 was $4.9B, representing an increase of 19.80% compared to 2024. The company's yearly revenue for 2024 was $4.09B, representing an increase of 118.97% compared to 2023. CG's yearly revenue for 2023 was $1.87B, representing a decrease of -49.23% compared to 2022.

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 (2023-2025) was 162.32%, and for the last 5 years (2021-2025) was -15.90%.

What are Carlyle Group’s revenue streams?

Carlyle Group's revenue streams in c 25 are Incentive Fee, Fund Management Fee, Principal Investment Income (Loss), Performance Allocations, and Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment. Incentive Fee generated $197.1M in revenue, accounting 4.61% of the company's total revenue, up 46.87% year-over-year. Fund Management Fee generated $2.44B in revenue, accounting 57.02% of the company's total revenue, up 9.95% year-over-year. Principal Investment Income (Loss) generated $119.2M in revenue, accounting 2.79% of the company's total revenue, down -55.47% year-over-year. Performance Allocations generated $1.23B in revenue, accounting 28.80% of the company's total revenue, down -38.91% year-over-year. Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment generated $290.4M in revenue, accounting 6.79% of the company's total revenue, down -272.96% year-over-year.

What is Carlyle Group’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Carlyle Group was Fund Management Fee. This segment made a revenue of $2.44B, representing 57.02% of the company's total revenue.