KKR & Co. Q3 FY25: where the revenue came from and where it went
The whole income statement of KKR & Co. for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Nov 7, 2025
Revenue$5.53B
+15% year over year
Operating profit$2.20B
40% margin
Net profit$0.90B
16% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 5.53 | 100% | +15% |
| Net investment income | 1.84 | 33% | |
| Asset management | 1.27 | 23% | |
| Fee related | 1.06 | 19% | |
| Other | 0.60 | 11% | |
| Transaction | 0.33 | 6% | |
| Insurance | 0.31 | 6% | |
| Strategic holdings | 0.13 | 2% | |
| Operating expenses | −3.33 | 60% | |
| Claims & benefits | −2.60 | 47% | +5pp |
| Interest | −0.72 | 13% | −2pp |
| Operating profit | 2.20 | 40% margin | +5pp |
| Interest & other costs | −0.94 | ||
| Tax | −0.36 | ||
| Net profit | 0.90 | 16% margin | +4pp |
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