The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) Revenue History
Annual and quarterly revenue from 2012 to present
CGABL Revenue Over Time (2012–2025)
CGABL Revenue Growth History
5 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +49.4%
- FY2014 revenue growth
- -12.6%
- FY2015 revenue growth
- -22.5%
- FY2016 revenue growth
- -24.3%
- FY2017 revenue growth
- +61.6%
- FY2018 revenue growth
- -34.0%
- FY2019 revenue growth
- +39.1%
- FY2020 revenue growth
- -13.1%
- FY2021 revenue growth
- +199.3%
- FY2022 revenue growth
- -49.5%
- FY2023 revenue growth
- -33.2%
- FY2024 revenue growth
- +83.1%
- FY2025 revenue growth
- -11.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $254.0M | — |
| Q4 2025 | $1.90B | — |
| Q3 2025 | $332.7M | — |
| Q2 2025 | $1.57B | — |
| Q1 2025 | $973.1M | — |
| Q4 2024 | $1.84B | — |
| Q3 2024 | $1.83B | — |
| Q2 2024 | $1.07B | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
CGABL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CGABL Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 29, 2026, The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) generated trailing twelve-month (TTM) revenue of $4.06 billion, reflecting significant decline in growth of -73.9% year-over-year. The most recent quarter (Q1 2026) recorded $254.0 million in revenue, down 86.6% sequentially.
Historical Growth Trajectory
CGABL's 5-year compound annual growth rate (CAGR) stands at +10.3%, indicating consistent double-digit revenue growth. The 3-year CAGR of +2.5% is below the 5-year average, signalling a growth deceleration in recent years. The Carlyle Group Inc. 4.625% Subordinated Notes due 2061's highest annual revenue of $8.78 billion was recorded in 2021.
Revenue by Segment
CGABL's revenue is primarily driven by Fund Management Fee (57%), Performance Allocations (29%), and Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (7%). With over half of revenue concentrated in Fund Management Fee, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including KKR, APO, and BX. Compare CGABL vs KKR →
CGABL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CGABLCurrent | $4.1B | -73.9% | +10.3% | - | |
 KKR | $19.3B | - | - | 2.4% | |
 APO | $30.3B | - | - | 34.4% | |
 BX | $13.8B | - | - | 51.9% | |
 ARES | $6.5B | - | - | 27.2% | |
 TPG | $4.7B | - | - | 14.7% |
CGABL Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.78B | - | $0 | - | $0 | - |
| 2024 | $5.43B | - | $2.72B | 50.1% | $1.37B | 25.2% |
| 2023 | $2.96B | - | $-436,500,000 | -14.7% | $-1,088,600,000 | -36.7% |
| 2022 | $4.44B | - | $-501,400,000 | -11.3% | $1.72B | 38.8% |
| 2021 | $8.78B | - | $3.84B | 43.7% | $4.21B | 47.9% |
| 2020 | $2.93B | - | $2.93B | 100.0% | $580.0M | 19.8% |
| 2019 | $3.38B | - | $3.38B | 100.0% | $1.23B | 36.5% |
| 2018 | $2.43B | - | $316.5M | 13.0% | $-144,200,000 | -5.9% |
| 2017 | $3.68B | - | $1.51B | 41.1% | $-71,400,000 | -1.9% |
| 2016 | $2.27B | - | $731.9M | 32.2% | $-11,200,000 | -0.5% |
| 2015 | $3.01B | - | $1.34B | 44.6% | $-7,400,000 | -0.2% |
| 2014 | $3.88B | - | $1.70B | 43.8% | $1.17B | 30.2% |
| 2013 | $4.44B | - | $2.18B | 49.1% | $1.68B | 37.9% |
| 2012 | $2.97B | - | $1.82B | 61.3% | $1.46B | 49.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CGABL — Frequently Asked Questions
Quick answers to the most common questions about buying CGABL stock.
Is CGABL's revenue growth accelerating or slowing?
CGABL revenue is declining -73.9% year-over-year. TTM revenue fell to $4.1B, contrasting with the 5-year CAGR of +10.3%. The reversal reflects either macro headwinds or company-specific challenges.
What is CGABL's revenue history from 2012 to 2026?
The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $4.1B, growing at -73.9% YoY. The 5-year CAGR is +10.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CGABL's long-term revenue growth rate (CAGR)?
The Carlyle Group Inc. 4.625% Subordinated Notes due 2061's 5-year revenue CAGR of +10.3% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -73.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CGABL.
Why does CGABL's quarterly revenue fluctuate?
CGABL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. The Carlyle Group Inc. 4.625% Subordinated Notes due 2061's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is CGABL's revenue distributed by segment?
CGABL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CGABL's revenue compare to industry peers?
The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) with TTM revenue of $4.1B and -73.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.