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Carlyle Shares Gain 4.7% as Q2 Earnings Meet Estimates, AUM Rises Y/Y
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Key Takeaways
{\"0\":\"Carlyle reported Q2 post-tax distributable EPS of 91 cents, up from 78 cents a year ago.\",\"1\":\"Total segment revenues rose 24.7% Y/Y to $984M, with fee revenues up 15.1% to $676.2M.\",\"2\":\"Total AUM grew 6.9% Y/Y to $465B, while fee-earning AUM increased 5.9% to $325B.\"}
The Carlyle Group Inc. (CG - Free Report) reported second-quarter 2025 post-tax distributable earnings per share of 91 cents, which matched the Zacks Consensus Estimate. The figure compared favorably with earnings of 78 cents per share in the year-ago quarter.
Shares of CG have gained 4.7% in yesterday’s trading session.
Results benefited from increases in realized performance revenues, segmental revenues and fee revenues. A rise in the assets under management (AUM) balance offered support. However, an increase in expenses acted as a headwind.
Net income attributable to Carlyle was $319.7 million compared with $148.2 million in the year-ago quarter.
Carlyle’s Revenues & Expenses Rise
Second-quarter segmental revenues were $984 million, up 24.7% from the year-ago quarter. The top line surpassed the Zacks Consensus Estimate by 2.8%.
Total segment fee revenues were up 15.1% year over year to $676.2 million. An increase in transaction and portfolio advisory fees, as well as fee-related performance revenues, led to the rise.
Realized performance revenues jumped 66% from the year-ago quarter to $259.8 million.
Total segmental expenses rose 24.1% to $553 million.
CG’s Total AUM Rises
As of June 30, 2025, total AUM was $465 billion, up 6.9% from the prior-year quarter.
The fee-earning AUM was $325 billion, which rose 5.9% year over year.
Carlyle’s Capital Distribution Activities
In the reported quarter, CG repurchased or withheld 2.3 million shares of common stock for $104 million. As of June 30, 2025, $0.6 billion worth of shares were available under the authorization.
The company also declared a quarterly dividend of 35 cents per share. The dividend will be paid out on Aug. 28, 2025, to shareholders of record as of Aug. 18, 2025.
Our View on CG
A rising total AUM balance, along with efforts to expand its investment platforms, will likely support Carlyle’s revenue growth in the long run. However, the rise in expenses is a headwind. Further, the competitive financial environment, along with the volatile macroeconomic backdrop, is concerning.
Carlyle Group Inc. Price, Consensus and EPS Surprise
Lazard Inc.’s(LAZ - Free Report) second-quarter 2025 adjusted earnings per share of 52 cents beat the Zacks Consensus Estimate of 38 cents. This compared favorably with earnings of 49 cents per share in the year-ago quarter.
LAZ’s results were positively impacted by increases in revenues in the financial advisory and asset management sectors. A rise in AUM balances was another positive. However, a decrease in revenues in the corporate segment and elevated operating expenses acted as a spoilsport.
BlackRock’s (BLK - Free Report) second-quarter 2025 adjusted earnings of $12.05 per share handily surpassed the Zacks Consensus Estimate of $10.66. The figure reflects a rise of 16% from the year-ago quarter.
The results of BLK benefited from a rise in revenues. AUM witnessed robust growth, reaching a record high of $12.52 trillion, driven by net inflows, market appreciation, and a favorable foreign exchange impact. However, higher expenses acted as a headwind.
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Carlyle Shares Gain 4.7% as Q2 Earnings Meet Estimates, AUM Rises Y/Y
Key Takeaways
The Carlyle Group Inc. (CG - Free Report) reported second-quarter 2025 post-tax distributable earnings per share of 91 cents, which matched the Zacks Consensus Estimate. The figure compared favorably with earnings of 78 cents per share in the year-ago quarter.
Shares of CG have gained 4.7% in yesterday’s trading session.
Results benefited from increases in realized performance revenues, segmental revenues and fee revenues. A rise in the assets under management (AUM) balance offered support. However, an increase in expenses acted as a headwind.
Net income attributable to Carlyle was $319.7 million compared with $148.2 million in the year-ago quarter.
Carlyle’s Revenues & Expenses Rise
Second-quarter segmental revenues were $984 million, up 24.7% from the year-ago quarter. The top line surpassed the Zacks Consensus Estimate by 2.8%.
Total segment fee revenues were up 15.1% year over year to $676.2 million. An increase in transaction and portfolio advisory fees, as well as fee-related performance revenues, led to the rise.
Realized performance revenues jumped 66% from the year-ago quarter to $259.8 million.
Total segmental expenses rose 24.1% to $553 million.
CG’s Total AUM Rises
As of June 30, 2025, total AUM was $465 billion, up 6.9% from the prior-year quarter.
The fee-earning AUM was $325 billion, which rose 5.9% year over year.
Carlyle’s Capital Distribution Activities
In the reported quarter, CG repurchased or withheld 2.3 million shares of common stock for $104 million. As of June 30, 2025, $0.6 billion worth of shares were available under the authorization.
The company also declared a quarterly dividend of 35 cents per share. The dividend will be paid out on Aug. 28, 2025, to shareholders of record as of Aug. 18, 2025.
Our View on CG
A rising total AUM balance, along with efforts to expand its investment platforms, will likely support Carlyle’s revenue growth in the long run. However, the rise in expenses is a headwind. Further, the competitive financial environment, along with the volatile macroeconomic backdrop, is concerning.
Carlyle Group Inc. Price, Consensus and EPS Surprise
Carlyle Group Inc. price-consensus-eps-surprise-chart | Carlyle Group Inc. Quote
CG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Lazard Inc.’s (LAZ - Free Report) second-quarter 2025 adjusted earnings per share of 52 cents beat the Zacks Consensus Estimate of 38 cents. This compared favorably with earnings of 49 cents per share in the year-ago quarter.
LAZ’s results were positively impacted by increases in revenues in the financial advisory and asset management sectors. A rise in AUM balances was another positive. However, a decrease in revenues in the corporate segment and elevated operating expenses acted as a spoilsport.
BlackRock’s (BLK - Free Report) second-quarter 2025 adjusted earnings of $12.05 per share handily surpassed the Zacks Consensus Estimate of $10.66. The figure reflects a rise of 16% from the year-ago quarter.
The results of BLK benefited from a rise in revenues. AUM witnessed robust growth, reaching a record high of $12.52 trillion, driven by net inflows, market appreciation, and a favorable foreign exchange impact. However, higher expenses acted as a headwind.