Carlyle Shares Gain 4.7% as Q2 Earnings Meet Estimates, AUM Rises Y/Y

Core Viewpoint - Carlyle Group Inc. reported strong second-quarter 2025 results with post-tax distributable earnings per share of 91 cents, matching estimates and showing an increase from 78 cents in the prior year [1][10] Financial Performance - Net income attributable to Carlyle was $319.7 million, significantly up from $148.2 million in the year-ago quarter [2] - Total segmental revenues reached $984 million, a 24.7% increase year over year, surpassing the Zacks Consensus Estimate by 2.8% [3][10] - Total segment fee revenues increased by 15.1% year over year to $676.2 million, driven by higher transaction and portfolio advisory fees [3] - Realized performance revenues surged 66% from the previous year to $259.8 million [3] Expenses and AUM - Total segmental expenses rose 24.1% to $553 million [4] - As of June 30, 2025, total assets under management (AUM) were $465 billion, up 6.9% from the prior year, with fee-earning AUM increasing by 5.9% to $325 billion [5][10] Capital Distribution - In the reported quarter, Carlyle repurchased or withheld 2.3 million shares for $104 million, with $0.6 billion worth of shares remaining under authorization [6] - The company declared a quarterly dividend of 35 cents per share, payable on August 28, 2025 [6] Future Outlook - The rising total AUM and efforts to expand investment platforms are expected to support long-term revenue growth, although increasing expenses present a challenge [7]