KKR

Q3 FY2026 EarningsQ3 FY26 beat consensus across major bottom-line metrics, despite a significant GAAP revenue miss caused by insurance-related accounting volatility. Normalized EPS of $1.58 reached the consensus mean exactly, while Fee Related Earnings (FRE) grew 27% YoY to a record $1.3B. Management raised the 2026 client capital return target to over $40B, and the pending USI sale is expected to contribute ~$2.00 per share to Q4 ANI, signaling a robust exit environment.