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The Carlyle Group Inc. (CG) Q4 2025 Earnings Call Transcript

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The Carlyle Group Inc. (CG) Q4 2025 Earnings Call February 6, 2026 8:30 AM EST

Company Participants

Daniel Harris – Head of Public Investor Relations
Harvey Schwartz – CEO & Director
Justin Plouffe – Chief Financial Officer

Conference Call Participants

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Alexander Blostein – Goldman Sachs Group, Inc., Research Division
Glenn Schorr – Evercore ISI Institutional Equities, Research Division
Michael Brown – UBS Investment Bank, Research Division
William Katz – TD Cowen, Research Division
Patrick Davitt – Autonomous Research US LP
Steven Chubak – Wolfe Research, LLC
Brian Mckenna – Citizens JMP Securities, LLC, Research Division
Benjamin Budish – Barclays Bank PLC, Research Division
Kenneth Worthington – JPMorgan Chase & Co, Research Division
Michael Cyprys – Morgan Stanley, Research Division

Presentation

Operator

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Good day, and welcome to the Carlyle Group Fourth Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this call may be recorded.

I would now like to turn the call over to Daniel Harris, Head of Investor Relations. Please go ahead.

Daniel Harris
Head of Public Investor Relations

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Thank you, Michelle. Good morning, and welcome to Carlyle’s Fourth Quarter and Full Year 2025 Earnings Call. With me on the call this morning is our Chief Executive Officer, Harvey Schwartz; and our Chief Financial Officer, Justin Plouffe. Earlier this morning, we issued a press release and a detailed earnings presentation, which is available on our Investor Relations website. This call is being webcast and a replay will be available.

We will refer to certain non-GAAP financial measures during today’s call. These measures should not be considered in isolation from or as a substitute for measures prepared in accordance with generally accepted accounting principles. We have provided a reconciliation of these measures to GAAP in our earnings release to the extent reasonably available.

Any forward-looking statements made today do not guarantee future performance and undue reliance should not be

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