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canonical_url: https://www.stockexpertai.com/earnings/kkr
last_updated: 2026-05-09T17:04:17.427Z
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# KKR & Co. Inc. (KKR) Q4 FY2026 Earnings Preview

> This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-09T17:04:16.945Z. Educational tool, not investment advice.

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## Quick Summary

| Field | Value | Source |
|---|---|---|
| Price | $102.52 (▲ 2.17%) | fmp:quote |
| Market Cap | $91.4B | fmp:profile |
| 52w range | $82.67 – $153.87 | fmp:quote |
| Earnings | Thu 30 Jul | fmp:earnings-history |
| EPS estimate | $1.40 (+19% YoY) | fmp:earnings-estimate |
| Revenue estimate | $2.8B | fmp:earnings-estimate |
| Beat streak | 1/4 | fmp:earnings-history |
| Rating | D+ (overall 1/5) | fmp:ratings |
| Analyst median target | $137 (+33.6% upside) | fmp:price-target-consensus |
| MoonshotScore | 57/100 | derived |
| Council | 4/6 bullish | derived |
| Munger verdict | Undervalued | derived |

## KKR & Co. Inc. — Q4 FY2026 Expectations

Q4 consensus: revenue <strong data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvgLabel">$2.8B</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvg" title="FMP est">[FMP est]</sup>, EPS <strong data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">$1.40</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg" title="FMP est">[FMP est]</sup>. 1 consecutive quarters of beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.beatStreakCount" title="FMP earnings">[FMP earnings]</sup>.

## Quick Take

**Score:** D+ · **Stance:** BUY · **Council:** 4/6 · **Moonshot:** 57

= MoonshotScore <strong>57</strong><sup class="cite" data-source="derived" data-field="moonshot.score" title="9-pillar formula">[9-pillar formula]</sup> + Council <strong>4/6</strong><sup class="cite" data-source="derived" data-field="council.bullishCount" title="6-lens rule">[6-lens rule]</sup>. Form 4: 0 transactions<sup class="cite" data-source="fmp:insider-trading" data-field="insider.txCount" title="FMP Form 4">[FMP Form 4]</sup>.

## Watchlist (5 metrics)

### 1. Capital Raising Success

KKR raised $28 billion of new capital in Q1, with a notable $15 billion raised in credit.

> "We raised $28 billion of new capital in the quarter with demand really widespread across asset classes and geographies. A real bright spot for us this quarter was in credit where we raised $15 billion across our platform."
> — Robert Lewin, Chief Financial Officer, Investor Focus · Q1 FY2026

### 2. Share Repurchases

KKR leaned into share repurchases, repurchasing $317 million of stock this year through May 1 at an average price of approximately $91, and increased its share repurchase program by an additional $500 million.

> "We repurchased or retired $317 million of stock this year through May 1 at an average price of approximately $91. And our Board recently authorized an increase to our share repurchase program by an additional $500 million."
> — Robert Lewin, Chief Financial Officer, Investor Focus · Q1 FY2026

### 3. North America 14 Fund

KKR's North America 14 fund had its final closing at $23 billion, eclipsing the prior $19 billion fund.

> "Another milestone for us this quarter was the final closing of our North America 14 fund at $23 billion, eclipsing the prior $19 billion fund."
> — Robert Lewin, Chief Financial Officer, Investor Focus · Q1 FY2026

### 4. Management Fee Growth

KKR's management fees were $1.2 billion in Q1, up 30% year-over-year.

> "Management fees in the quarter were $1.2 billion. That's up 30% on a year-over-year basis."
> — Craig Larson, Partner and Head of Investor Relations, Management Quote · Q1 FY2026

### 5. Fee Related Earnings Growth

KKR reported fee-related earnings per share of $1.13 in Q1, up 23% year-over-year.

> "Fee-related earnings per share came in at $1.13. That's up 23% year-over-year."
> — Craig Larson, Partner and Head of Investor Relations, Investor Focus · Q1 FY2026


## MoonshotScore Pillars

| Pillar | Score | Level | Evidence |
|---|---|---|---|
| Revenue Growth | 0.0 | weak | Q1 vs Q2: growth negative (-20.0%, contraction) |
| Gross Margin | 10.0 | strong | Q1: very high margin (99.5%, software/cloud territory) |
| Operating Leverage | 1.0 | weak | op margin average (5.1%) |
| Cash Runway | 10.0 | strong | FCF very strong ($1.7B, 62.7× CapEx) |
| R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) |
| Price Momentum | 7.0 | strong | RSI 56.0 positive momentum, 50d above |
| News Sentiment | 9.0 | strong | strong buy consensus (86%) |

**Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula.

## Council (7-Lens)

| Name | Stance | Context |
|---|---|---|
| Ray Dalio | bull | macro · target upside +33.6% |
| Ken Griffin | bull | flow · 50d MA above |
| Jim Simons | neutral | quant · RSI 56 |
| Klarman | bull | value · target upside +33.6% |
| Buffett | neutral | quality · ROE score 1/5 |
| Munger | bull | valuation · target upside +33.6% |

**Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr.

## Munger Lens

- **Verdict:** Undervalued
- **Financial Health:** Weak
- **Margin of Safety:** Strong
- **Interest Coverage:** Adequate
- **ROIC vs WACC:** Tight

**Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget.

## Technical Levels

- **RSI(14):** 56.0 — yükselişte nötr — overbought sınırının altında, momentum pozitif
- **50d MA:** $95 — hisse %7.9 üstünde — kısa vadeli destek
- **200d MA:** $120 — hisse %14.2 altında — uzun vadeli baskı
- **Volume (10d):** +26%

## Past Performance (4 Quarters)

| Quarter | EPS Actual | EPS Estimate | Result | Reaction |
|---|---|---|---|---|
| Q2 FY25 | $1.18 | $1.14 | BEAT | -2.7% |
| Q3 FY25 | $1.41 | $1.30 | BEAT | -1.0% |
| Q4 FY25 | $1.12 | $1.14 | MISS | +4.1% |
| Q1 FY26 | $1.39 | $1.26 | +10.3% EPS | -1.2% |

Q1 (May 5, 2026): EPS $1.39 vs $1.26 est<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, +10.3% beat. D+1 movement: -1.2%<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP D+1">[FMP D+1]</sup>. Decline despite beat — market reacted to guidance, not numbers.

## 3 Scenarios

### Scenario A · Beat
**Q4 EPS > $1.40 + CapEx discipline**

Threshold: EPS > $1.40<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>.

Target: Break above median target $137<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP target]</sup>; high target $187<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.high">[FMP]</sup> upper bound.

### Scenario B · In-Line
**EPS ≈ $1.40 + CapEx < $27.4M**

Threshold: EPS ≈ $1.40<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>, Q4 CapEx < $27.4M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel">[FMP]</sup>.

Target: Consolidation in the band between current $103<sup class="cite" data-source="fmp:quote" data-field="quote.price">[FMP]</sup> and median $137<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP]</sup>.

### Scenario C · Miss
**EPS < $1.36 or CapEx ≥ $27.4M**

Threshold: EPS < $1.36<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est×0.97]</sup>.

Target: Current $103 below SMA200 $120<sup class="cite" data-source="fmp:technical" data-field="technical.sma200">[FMP]</sup>, if rejection continues, $102<sup class="cite" data-source="derived" data-field="technical.sma200" data-formula="round(sma200*0.85)">[derived]</sup> support activates.

## Risk Notes

### Primary segment below threshold
Q1: EPS $1.39 vs $1.26 beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, stock -1.2% D+1<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP">[FMP]</sup>.

### Backlog concentration
No RPO/backlog concentration disclosed in Q1 earnings call.

### Insider trading
Form 4 data is marked in the table — this page does not generate assumptions for this stock.

| Executive | Action | Amount | Date |
|---|---|---|---|


**Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26

### CapEx shock
Q1 CapEx $27.4M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel" title="FMP cashflow">[FMP cashflow]</sup>. Q1 op margin 5.1%<sup class="cite" data-source="fmp:income" data-field="income.quarters.0.operatingMargin" title="FMP op margin">[FMP op margin]</sup> — this level in Q4 is sensitive to CapEx revision risk.

## Wall Street Consensus

- **Median target:** $137 (+33.6% upside vs current $103)
- **High / Low:** $187 / $119
- **Buy / Hold / Sell:** 18 / 3 / 0
- **Analyst count:** 6 (last quarter), 59 all-time

## Additional Transcript Insights

### 1. fee_related_earnings_growth

**Claim:** KKR reported fee-related earnings per share of $1.13 in Q1, up 23% year-over-year.

**Evidence (transcript):** "Fee-related earnings per share came in at $1.13. That's up 23% year-over-year."

**Numbers:** $1.13, 23%

### 2. management_fee_growth

**Claim:** KKR's management fees were $1.2 billion in Q1, up 30% year-over-year.

**Evidence (transcript):** "Management fees in the quarter were $1.2 billion. That's up 30% on a year-over-year basis."

**Numbers:** $1.2 billion, 30%

### 3. capital_raising_success

**Claim:** KKR raised $28 billion of new capital in Q1, with a notable $15 billion raised in credit.

**Evidence (transcript):** "We raised $28 billion of new capital in the quarter with demand really widespread across asset classes and geographies. A real bright spot for us this quarter was in credit where we raised $15 billion across our platform."

**Numbers:** $28 billion, $15 billion

### 4. north_america_14_fund

**Claim:** KKR's North America 14 fund had its final closing at $23 billion, eclipsing the prior $19 billion fund.

**Evidence (transcript):** "Another milestone for us this quarter was the final closing of our North America 14 fund at $23 billion, eclipsing the prior $19 billion fund."

**Numbers:** $23 billion, $19 billion

### 5. share_repurchases

**Claim:** KKR leaned into share repurchases, repurchasing $317 million of stock this year through May 1 at an average price of approximately $91, and increased its share repurchase program by an additional $500 million.

**Evidence (transcript):** "We repurchased or retired $317 million of stock this year through May 1 at an average price of approximately $91. And our Board recently authorized an increase to our share repurchase program by an additional $500 million."

**Numbers:** $317 million, $91, $500 million


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*Data source: FMP (live query, 2026-05-09), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*