finance
Carlyle Group Reports $254M Revenue, $475B AUM in Q1 2026
The private equity firm reported a net loss of $132 million for the quarter compared with year-earlier profit. Assets under management rose 5% to $475 billion even as fee-related earnings held at $300 million. CEO Harvey Schwartz cited continued demand for private capital amid geopolitical uncertainty.
May 7, 3:56 PM·1m read1 source
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Carlyle Group reported total revenue of $254 million in Q1 2026, down sharply from $973 million in Q1 2025, the firm said. The decline was driven by a wider loss in investment income. Carlyle Group reported a net income loss of $132 million, or a loss per share of 37 cents, in Q1 2026.
That compared with net income of $130 million, or earnings per share of 35 cents, in Q1 2025. Fee-related earnings held at $300 million in the latest quarter.
U.S. Buyout realizations and high inflows. Carlyle's total assets under management reached $475 billion as of March 31, 2026. The figure was up 5% year-over-year. AUM was flat prior to Q1 2026. Harvey Schwartz, CEO of Carlyle Group, said the results came against a complex global backdrop.
"Momentum across the platform continues to accelerate and performance remains strong, reinforcing our confidence in our strategic plan," Schwartz stated. He pointed to persistent challenges shaping investor behavior. "Geopolitical uncertainty and splintering are front of mind for investors and are influencing capital allocation and investment decisions," Schwartz said.
"Of course, this is not new. " Schwartz added that the message he hears globally has stayed consistent. "Everywhere I go in the world, the message is the same. The demand for private capital continues to grow.
In today’s environment, diversification is a distinct advantage," he said during the conference call with analysts. Benzinga reported that the firm highlighted these points even as the revenue drop reached nearly 74%. The performance figures reflect the first quarter ended March 31, 2026, following a period in which AUM showed no growth before the latest three months.
