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EQT (EQT) investor relations material
EQT Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strong fundraising, deal flow and portfolio value creation; Key funds rose 5% in Q3, with all remaining On or Above plan.
Coller Capital closed on 31 August; a Stockbridge acquisition agreement was signed on 15 October, with closing expected in Q1 2027 subject to customary conditions and regulatory approval.
Strategic expansion included AI infrastructure, Scaleup Europe, the Middle East and Asia; the fundraising outlook for the cycle rose to €140bn from €100bn.
Financial highlights
September 2026 Total AUM was €354bn and FAUM €194.8bn, versus €267bn and €138.7bn a year earlier; Coller contributed €34bn to FAUM following consolidation.
Gross inflows were €41.6bn; LTM FAUM bridge included €62bn net inflows, €3bn negative value development, €9bn step-downs and €2bn from FX/other.
Q3 gross fund investments were €7.2bn and exits €3bn; LTM investments were €30.2bn and exits €14.6bn, with €29bn returned to clients and co-investors.
Key fund valuations rose 5% in Q3 and 10% LTM; excluding FX, increases were 4% and 8%, respectively. Private Equity and Infrastructure recorded double-digit LTM value uplift.
H1 2026 adjusted revenue included €1,062m management fees, €28m fee-related performance revenues, €52m transaction/advisory/other fees, €212m investment income and €54m carried interest.
Outlook and guidance
Current-cycle fundraising outlook rose to €140bn from €100bn; Scaleup Europe has a €5bn target, with more than €3bn in secured commitments and demand expected to exceed target.
EQT XI activation is expected in the next few months; Infrastructure VII is expected around year-end, with an early close in December. CIP X fundraising is expected to launch in early 2027.
Coller EQT reiterates $40bn YE 2026 FAUM guidance under the prior definition, equivalent to ~$35bn under the updated definition; fee rates and management fees are unchanged.
Stockbridge 2027E guidance: $17bn–$19bn fee-generating AUM, $120m–$130m management fees and $35m–$45m fee-related EBITDA.
Evergreen gross inflows guidance remained €2.5bn for H2; Q3 gross inflows were €1.1bn, with Q4 expected to make up the difference.
- A SEK 4.30 dividend and all Board and Nomination Committee proposals were approved.EQT
AGM 2025 - AGM approved a SEK 2.20 dividend and acquisition-linked share issuance capped at 10% dilution.EQT
AGM 2020 - A SEK 2.40 dividend and acquisition-linked share authority capped at 10% dilution were approved.EQT
AGM 2021 - Approved a SEK 2.80 dividend and share authorizations, including shares for BPEA consideration.EQT
AGM 2022 - AGM approved a SEK 3.00 dividend and broad share, governance and incentive-program measures.EQT
AGM 2023 - All AGM proposals passed, including a SEK 3.60 per-share dividend and Board elections.EQT
AGM 2024 - Approved a SEK 5 dividend and elected Jean Eric Salata as Board Chair.EQT
AGM 2026 - Fee-paying AUM up 10% and €1,407m revenue, driven by fundraising and strategic expansion.EQT
H1 2026 - AI-driven value creation, record exits, and global expansion fuel industry-leading growth.EQT
Value Creation Day 2026
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