Equity Profile

KKR

KKR & Co. Inc.

FinancialsAsset Management & Custody Banks$87.0B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

KKR & Co. Inc....

Key Metrics to Watch

Assets Under Management (AUM)

AUM is a key indicator of KKR's growth and investment performance, reflecting the firm's ability to attract and retain capital.

N/A

Investment Income

This metric will show how well KKR's investments are performing and directly impact earnings.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KKR Q2-2026 Earnings Preview

Context

Company Snapshot

KKR & Co. Inc. is a leading global investment firm that specializes in asset management and alternative investments. With a market cap of $87 billion, KKR plays a significant role in the financial sector, focusing on private equity, credit, and real estate investments, which are critical in today's evolving economic landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-8.96%

Avg Stock Reaction

-1.19%

Last Quarter Recap

In Q1-2026, KKR reported an EPS of $1.39, exceeding expectations by 24.66%. However, the stock experienced a slight decline of 1.29% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on enhancing investment strategies to drive growth.
Commitment to increasing AUM through new fund launches.
Plans to improve fee-related earnings through operational efficiencies.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about KKR's upcoming earnings, given the recent EPS beat but wary due to past revenue surprises.

Bull Case

If KKR can demonstrate strong growth in AUM and investment income, it could significantly boost investor confidence and stock performance.

Bear Case

Conversely, if the company fails to meet expectations on key metrics like fee-related earnings, it could lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported growth in Assets Under Management (AUM) this quarter?

AUM growth is critical for KKR's revenue generation and overall market position, and any significant change could impact investor sentiment.

How will KKR's fee-related earnings perform relative to last quarter?

Fee-related earnings are a direct measure of profitability and operational efficiency, which investors closely monitor for signs of financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating KKR's potential for AUM growth due to recent market trends favoring alternative investments, which could lead to a stronger performance than anticipated.

Supporting Evidence

KKR's recent strategic initiatives have positioned it well to capture new investment opportunities.

The options market is pricing a larger move than historical averages, indicating potential for a significant surprise.

Past performance shows that KKR has been able to rebound quickly from earnings misses.

Key Risk

If AUM growth exceeds 10%, it could significantly alter market perceptions and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on KKR's ability to grow its AUM and maintain strong fee-related earnings amidst market fluctuations.

Bull Confirmed If

AUM growth of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in fee-related earnings compared to the previous quarter would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.79%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±15.8% while KKR has averaged ±3.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

30.2%

Calls (229K)P/C Ratio: 0.70Puts (646K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If KKR beats expectations, history suggests the stock could see an average one-day move of -3.74%, indicating a cautious market reaction despite positive results.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further clarity from management commentary.

Miss

Should KKR miss earnings expectations, history suggests an average one-day move of +1.36%, indicating potential for a rebound despite initial disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new fund launches and their expected impact on AUM.
2Details on investment performance across different sectors.
3Management's outlook on market conditions and potential challenges.
4Insights into operational efficiencies and cost management strategies.
5Any commentary on competitive positioning within the asset management industry.

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Company Snapshot

KKR & Co. Inc....

Key Metrics to Watch

Assets Under Management (AUM)

AUM is a key indicator of KKR's growth and investment performance, reflecting the firm's ability to attract and retain capital.

N/A

Investment Income

This metric will show how well KKR's investments are performing and directly impact earnings.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KKR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-8.96%

Avg Stock Reaction

-1.19%

Last Quarter Recap

In Q1-2026, KKR reported an EPS of $1.39, exceeding expectations by 24.66%. However, the stock experienced a slight decline of 1.29% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on enhancing investment strategies to drive growth.
Commitment to increasing AUM through new fund launches.
Plans to improve fee-related earnings through operational efficiencies.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about KKR's upcoming earnings, given the recent EPS beat but wary due to past revenue surprises.

Bull Case

If KKR can demonstrate strong growth in AUM and investment income, it could significantly boost investor confidence and stock performance.

Bear Case

Conversely, if the company fails to meet expectations on key metrics like fee-related earnings, it could lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported growth in Assets Under Management (AUM) this quarter?

AUM growth is critical for KKR's revenue generation and overall market position, and any significant change could impact investor sentiment.

How will KKR's fee-related earnings perform relative to last quarter?

Fee-related earnings are a direct measure of profitability and operational efficiency, which investors closely monitor for signs of financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating KKR's potential for AUM growth due to recent market trends favoring alternative investments, which could lead to a stronger performance than anticipated.

Supporting Evidence

KKR's recent strategic initiatives have positioned it well to capture new investment opportunities.

The options market is pricing a larger move than historical averages, indicating potential for a significant surprise.

Past performance shows that KKR has been able to rebound quickly from earnings misses.

Key Risk

If AUM growth exceeds 10%, it could significantly alter market perceptions and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on KKR's ability to grow its AUM and maintain strong fee-related earnings amidst market fluctuations.

Bull Confirmed If

AUM growth of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in fee-related earnings compared to the previous quarter would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.79%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±15.8% while KKR has averaged ±3.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

30.2%

Calls (229K)P/C Ratio: 0.70Puts (646K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If KKR beats expectations, history suggests the stock could see an average one-day move of -3.74%, indicating a cautious market reaction despite positive results.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further clarity from management commentary.

Miss

Should KKR miss earnings expectations, history suggests an average one-day move of +1.36%, indicating potential for a rebound despite initial disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new fund launches and their expected impact on AUM.
2Details on investment performance across different sectors.
3Management's outlook on market conditions and potential challenges.
4Insights into operational efficiencies and cost management strategies.
5Any commentary on competitive positioning within the asset management industry.