Carlyle's earnings power is fundamentally tied to fee generation and performance realizations, with non-interest income constituting 70.4% of total revenue in Q2 2026.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue is dominated by volatile non-interest income, which constituted 70.4% of total revenue in Q2 2026, while net interest margin compression to 1.2% and the emergence of a $249.1 million provision expense highlight the strain on core profitability.
Carlyle operates across private equity, credit, and real assets, providing a diversified revenue stream. The global credit segment is a significant contributor, with substantial assets under management.
The company has set ambitious financial targets, aiming for Fee Related Earnings of at least $1.9 billion by the end of 2028. This focus on recurring revenue streams is a positive indicator.
A $2 billion share repurchase program has been approved, which can increase shareholder value by reducing the number of outstanding shares.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $1.12+15.1% vs $0.97 | $995M+8.0% vs $921M |
Q3 2026 Aug 4, 2026 | $1.07+17.5% vs $0.91 | $1.1B+20.4% vs $924M |
Q2 2026 May 6, 2026 | $0.89-4.5% vs $0.93 | $751M-25.8% vs $1.0B |
Q1 2026 Feb 6, 2026 | $1.01+1.4% vs $1.00 | $1.1B+4.0% vs $1.1B |
Carlyle Secured Lending NASDAQ: CGBD reported third-quarter 2026 net investment income of $0.36 per share, covering its $0.35 base dividend, as higher income from joint ventures helped offset a smaller average loan portfolio.
The Carlyle Group Inc. ( CG ) Q3 2026 Earnings Call November 5, 2026 8:30 AM EST Company Participants Daniel Harris - Partner & Head of Public Investor Relations Harvey Schwartz - Partner, CEO & Director Justin Plouffe - Chief Financial Officer Conference Call Participants Alexander Blostein - Goldman Sachs Group, Inc., Research Division Steven Chubak - Wolfe Research, LLC Brennan Hawken - BMO Capital Markets Equity Research Michael Brown - UBS Investment Bank, Research Division Glenn Schorr - Evercore ISI Institutional Equities, Research Division Brian Bedell - Deutsche Bank AG, Research Division Kenneth Worthington - JPMorgan Chase & Co, Research Division Benjamin Budish - Barclays Bank PLC, Research Division Daniel F. Welden - Wells Fargo Securities, LLC, Research Division Robin Holby - TD Cowen, Research Division Crispin Love - Piper Sandler & Co., Research Division Michael Cyprys - Morgan Stanley, Research Division Patrick Davitt - Autonomous Research US LP Bart Dziarski - RBC Capital Markets, Research Division Presentation Operator Good day, and welcome to the Carlyle Group's Third Quarter 2026 Earnings Call.
NEW YORK, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its third quarter ended September 30, 2026. Alex Chi, CGBD's Chief Executive Officer, said, “We continued to execute CGBD's strategy in the third quarter, resulting in increased earnings and a stable NAV.
Carlyle Group NASDAQ: CG reported third-quarter distributable earnings of $433 million, or $1.12 per share, as a rise in realized performance revenue helped lift earnings per share 17% from a year earlier.
Benchmark CG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The Carlyle Group Inc. (CG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $39.70 | $14.29B | 18.21 | 40.31% | 16.94% | 12.07% | 3.43% | |
| $119.50 | $94.14B | 30.80 | 21.87% | 22.58% | 16.4% | 6.44% | |
| $96.48 | $86.63B | 41.23 | -7.47% | 18% | 3.96% | 0.83% | |
| $116.75 | $67.24B | 16.08 | 15.78% | 8.54% | 7.06% | 1.83% | |
| $133.98 | $44B | 68.36 | 96.21% | 9.97% | 7.43% | 6.03% | |
| $46.50 | $17.83B | 38.43 | 79.63% | 5.3% | 5.95% | 6.94% |
The Carlyle Group Inc. (CG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The Carlyle Group Inc. (CG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jun 5, 2026·SEC
Jun 1, 2026·SEC
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The Carlyle Group Inc. (CG) stock FAQ — growth, dividends, profitability & financials explained
The Carlyle Group Inc. (CG) grew revenue by 40.3% in fiscal year 2025, compared with the prior fiscal year.
Yes. The Carlyle Group Inc. (CG) earned $363.9M in net income over the trailing twelve months (a 10.0% net margin).
Yes. The Carlyle Group Inc. (CG) pays a dividend that yields 3.43% at the current price, a moderate yield.
The Carlyle Group Inc. (CG) had a return on equity (ROE) of 12.1% in fiscal year 2025. That is in line with the market's typical 10-15%.
The Carlyle Group Inc. (CG) has a net interest margin (NIM) of 7.1%. This indicates healthy earnings from lending activities.
The Carlyle Group Inc. (CG) has an efficiency ratio of 40.8%. This is excellent, indicating strong cost control.
