KKR & Co. (KKR) financial statements
KKR & Co. reported revenue of $19.5B in fiscal 2025, up 37.5% a year over 9 years.
Net income was $2.4B.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from KKR & Co.'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.5B | $1.8B | $1.8B | $2.0B | $16.2B | $5.7B | $14.5B | $21.9B | $19.5B |
| Interest expense | $790M | $809M | $876M | $1.0B | $970M | $1.1B | $1.6B | $2.8B | $3.0B | $2.8B |
| Pre-tax income | $975M | $2.8B | $2.3B | $5.2B | $5.7B | $13.8B | -$292M | $6.6B | $5.9B | $7.1B |
| Income tax | $25M | $224M | -$194M | $529M | $609M | $1.4B | $125M | $1.2B | $954M | $954M |
| Net income | $309M | $1.0B | $1.1B | $2.0B | $2.0B | $4.7B | -$522M | $3.7B | $3.1B | $2.4B |
| Net margin | 28.0% | 66.1% | 61.4% | 112.0% | 99.8% | 29.2% | -9.1% | 25.7% | 14.1% | 12.2% |
Balance sheet
Fiscal years, from KKR & Co.'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.5B | $1.9B | $1.8B | $2.3B | $5.4B | $10.5B | $13.4B | $20.8B | $15.4B | $17.2B |
| Property, plant and equipment | $283M | $364M | $451M | $633M | $761M | — | — | — | — | — |
| Goodwill | $89M | $84M | $84M | $84M | $84M | — | — | — | — | — |
| Total assets | $39.0B | $45.8B | $50.7B | $60.9B | $79.8B | — | $275.3B | $317.3B | $360.1B | $410.1B |
| Total liabilities | $21.9B | $25.2B | $25.4B | $30.4B | $39.0B | $206.0B | $220.0B | $258.9B | $298.1B | $328.5B |
| Shareholders' equity | — | $7.2B | $8.6B | $10.8B | $13.7B | $17.6B | $18.8B | $22.9B | $23.7B | $30.9B |
| Net debt | -$2.5B | -$1.9B | -$1.8B | -$2.3B | -$5.4B | -$10.5B | -$13.4B | -$20.8B | -$15.4B | -$17.2B |
Cash flow
Fiscal years, from KKR & Co.'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.4B | -$3.5B | -$7.6B | -$5.7B | -$6.0B | -$7.2B | -$5.3B | -$1.5B | $6.6B | $478M |
| Capital spending | $63M | $97M | $103M | $195M | — | — | — | — | — | — |
| Free cash flow | -$1.5B | -$3.6B | -$7.7B | -$5.9B | — | — | — | — | — | — |
| Stock-based compensation | $265M | $335M | $332M | $298M | $327M | $530M | $730M | $618M | $746M | $722M |
| Dividends paid | $285M | $312M | $322M | $271M | $297M | $331M | $444M | $563M | $612M | $650M |
| Share buybacks (net) | — | $0 | -$173M | -$72M | -$246M | -$270M | -$347M | -$290M | $0 | -$3M |
| Net borrowing | $2.4B | $2.1B | $5.4B | $5.5B | $5.3B | $8.9B | $6.5B | $3.6B | $3.5B | $2.0B |
| Free cash flow margin | -136.1% | -235.4% | -418.7% | -328.2% | — | — | — | — | — | — |
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What was KKR & Co.'s revenue in 2025?
$19.5B in fiscal 2025, from its 10-K filing.
From KKR & Co.'s annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.