KKR stock posts record profit as fees and exits rise

KKR reported record quarterly profit on Monday, November 9, as asset sales and higher fees from managing client money lifted its third-quarter performance. Reuters reported that adjusted net income rose 29% to 1.6 billion dollars, or 1.78 dollars per share, exceeding the 1.59-dollar analyst estimate compiled by LSEG.

KKR stock traded at 87.63 euros on Lang & Schwarz at 14:09 CET on Monday, November 9, 2026; the real-time quote of KKR stock is available for investors.

Fees and exits drive quarterly profit

The earnings increase came as KKR continued to monetize investments and return capital to clients. The company completed several third-quarter transactions, including the sale of data center cooling company CoolIT Systems and private aviation infrastructure platform Atlantic Aviation.

Fee-related earnings increased 27% to 1.3 billion dollars, supported by higher management fees and fee-related performance revenue. KKR also raised 25 billion dollars in new capital during the three months ended September 30, taking assets under management above 800 billion dollars. Credit, liquid strategies and real assets were the main sources of inflows, according to Reuters.

KKR's portfolio performance was mixed across strategies. Infrastructure generated a gross return of 4% in the quarter, while traditional private equity was flat. Leveraged credit returned 1% and alternative credit returned 3%. The figures underline the growing importance of businesses beyond the firm's traditional buyout franchise, including credit and real assets.

USI sale adds a further earnings catalyst

Management expects to return more than 40 billion dollars to clients in 2026, which would exceed KKR's previous annual record by more than 50%. The planned 17 billion dollar sale of USI Insurance Services to Aon is expected to close in the fourth quarter and could add roughly 2 billion dollars to adjusted profit, Reuters reported.

KKR also continued its capital-return program. The firm repurchased 567 million dollars of shares from June 30 through November 4 and increased its share-buyback authorization by 500 million dollars last week. These steps give investors another indicator of management's confidence in cash generation, although the broader exit environment remains sensitive to financing conditions and buyer demand.

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Further developments on fundraising, investment exits, client distributions and the USI transaction will shape the next discussion around the KKR stock news and analysis.