KKR beats Q1 estimates but lowers 2026 profit outlook

KKR beat first-quarter profit estimates on strong fees and asset sales. However the firm warned that market volatility may cause 2026 earnings to miss targets.

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KKR & CO INC reported first-quarter earnings of $1.39 per share, beating expectations despite lowering its 2026 profit guidance. Management fees rose 30% to $1.2 billion, but market volatility pressured private equity and credit fund returns. Investors are weighing immediate fee-driven growth against a murkier outlook for asset sales and dealmaking.

Volatility Clouds the 2026 Outlook

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