The Carlyle Group Inc. (CG) Revenue by Segment

Carlyle revenue by segment at a glance

In Q3 fiscal 2023 (the quarter ended September 30, 2023), Carlyle's largest business segment was Global, with $776.60 million or 91% of revenue, down 44.6% from a year earlier. Next: Global Investment Solutions (9%).

By product or service, Principal Investment Income (Loss) brought in 61% and Performance Allocations brought in 39% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Global Investment Solutions (-41.9%).

From company filings, in USD; latest quarter ended September 30, 2023; quarterly data from Q3 fiscal 2017.

The Carlyle Group Inc.

CGFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

GlobalReconciling itemsGlobal Private EquityCorporate Private EquityGlobal CreditReal AssetsGlobal Investment SolutionsInvestment SolutionsOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Global	USD 1.11B	100.0%	+13.0%
Eliminationsi	USD 3.90M		–

Sum of items USD 1.11B; corporate items and eliminations USD 3.90M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Global	1.1B	750.9M	1.1B	984.0M	1.0B	948.5M	895.0M	788.9M	1.0B	–	776.6M	977.9M	754.2M	–	1.4B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Reconciling items	–	- 676.6M	633.8M	425.9M	- 203.5M	- 37.0M	1.6B	115.2M	- 499.5M	–	- 212.7M	- 652.9M	–	- 446.0M	- 392.9M	- 175.4M	740.6M	–	53.6M	1.7B	1.8B	–	481.8M	493.6M	- 1.4B	–	189.5M	464.6M	583.7M	–	- 22.7M	377.4M	118.9M	–	47.7M
Global Private Equity	–	–	–	–	–	–	–	–	–	–	–	–	–	725.2M	–	876.0M	555.4M	–	1.3B	723.0M	428.8M	–	329.9M	398.4M	350.1M	–	–	–	–	–	–	–	–	–	–
Corporate Private Equity	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	237.7M	214.7M	216.1M	–	334.2M	221.8M	318.6M	–	293.4M
Global Credit	–	–	–	–	–	–	–	–	–	–	–	–	–	207.0M	–	202.4M	143.2M	–	119.2M	106.5M	96.8M	–	94.6M	106.9M	104.8M	–	84.8M	87.5M	86.1M	–	68.1M	71.9M	67.3M	–	73.1M
Real Assets	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	147.7M	201.7M	87.7M	–	153.0M	117.8M	95.5M	–	103.2M
Global Investment Solutions	–	–	–	–	–	–	–	–	–	–	76.4M	76.3M	100.1M	–	131.4M	82.8M	80.9M	–	107.5M	89.5M	86.9M	–	72.0M	–	–	–	–	–	–	–	–	–	–	–	–
Investment Solutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	76.9M	126.2M	–	57.6M	46.8M	61.0M	–	86.0M	51.1M	55.2M	–	–
Reportable Legal Entities	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	61.1M	–	56.3M	55.2M	53.0M	–	–	–	52.4M	–	–	–	–	–	–
Eliminations	3.9M	48.7M	41.9M	- 25.0M	- 18.1M	- 36.4M	- 12.3M	- 12.7M	- 20.6M	–	- 20.6M	- 18.6M	–	- 19.8M	- 11.5M	5.7M	3.4M	–	- 16.7M	- 12.7M	–	–	–	–	–	–	- 15.3M	- 16.3M	–	–	- 17.3M	- 25.3M	- 14.4M	–	- 17.9M
Solutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	77.8M

Carlyle revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q2 FY25	Q1 FY25	Share
Global	$1.1B	$750.9M	$984.0M	$1.0B	91%
Global Investment Solutions	–	–	–	–	9%

In USD, fiscal quarters as reported; share = part of Q3 FY23 revenue.

Carlyle revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Principal Investment Income (Loss)	$69.2M	$64.4M	$87.7M	$55.2M	61%
Performance Allocations	$44.7M	–	–	$638.8M	39%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Carlyle's business segments?

Global and Global Investment Solutions (as reported for Q3 fiscal 2023).

Which business segment makes the most money for Carlyle?

Global: $776.60 million, or 91% of revenue, in Q3 fiscal 2023.

What are Carlyle's main products and services?

By revenue in Q2 fiscal 2026: Principal Investment Income (Loss) (61%) and Performance Allocations (39%).

MoreCarlyle stock overview Carlyle financials Carlyle executive team Carlyle shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.