Carlyle Group Revenue Surges 84% as Assets Reach $477 Billion

The Washington, D.C.-based firm reported a net profit of $358.1 million, or 96 cents per share, up from $210.9 million a year ago. Distributable earnings—a key metric for private equity representing cash available for shareholders—rose to $436.4 million, or $1.01 per share. This performance slightly edged out the $1.00 per share forecast by analysts surveyed by FactSet.

Top-line growth proved even more dramatic, with revenue surging 84% to $1.9 billion. This figure significantly outperformed the $1.05 billion projected by Wall Street models. The growth was supported by an 8% year-over-year increase in total assets under management, which reached $477 billion by the close of 2025.

Strategic Momentum and Fundraising

Chief Executive Harvey Schwartz characterized 2025 as a milestone year for the company, citing strong fundraising and operational outperformance. According to Schwartz, the firm enters 2026 with significant momentum after exceeding its internal targets and delivering record-level results across the platform.