Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
103.84
+3.33 (3.31%)
Mar 17, 2026, 11:58 AM EDT - Market open
Ares Management Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Transaction-Based Revenues | 1,508 | 1,640 | 1,339 | 1,067 | 1,258 | 1,122 | 759.22 | 700.31 | 1,056 | 661.92 | 1,086 | 790.6 | 940.97 | 789.71 | 605.82 | 706.67 | 1,297 | 934.47 | 1,248 | 633.29 |
Other Revenues | -2.79 | 17.98 | 10.96 | 22 | 0.88 | 8.04 | 29.46 | 7.05 | -2.47 | 9.34 | 6.89 | 22.76 | -3.24 | 11.58 | -4.39 | 8.33 | 12.96 | 14.25 | 47.13 | 25.1 |
| 1,505 | 1,658 | 1,350 | 1,089 | 1,259 | 1,130 | 788.68 | 707.36 | 1,054 | 671.26 | 1,093 | 813.36 | 937.72 | 801.29 | 601.43 | 715 | 1,310 | 948.72 | 1,295 | 658.39 | |
Revenue Growth (YoY) | 19.53% | 46.73% | 71.19% | 53.92% | 19.45% | 68.30% | -27.86% | -13.03% | 12.40% | -16.23% | 81.78% | 13.76% | -28.43% | -15.54% | -53.55% | 8.60% | 99.11% | 93.67% | 114.82% | 4810.05% |
Cost of Revenue | 937.88 | 1,064 | 878.42 | 779.76 | 772.45 | 655.57 | 390.87 | 362.42 | 596.4 | 342.05 | 683.33 | 472.44 | 545.57 | 568.35 | 416.85 | 486.65 | 857.36 | 666.71 | 926.07 | 453.28 |
Gross Profit | 567.04 | 593.7 | 471.71 | 309.05 | 486.55 | 474.17 | 397.81 | 344.94 | 457.58 | 329.2 | 409.96 | 340.92 | 392.15 | 232.94 | 184.58 | 228.35 | 452.81 | 282.01 | 368.75 | 205.11 |
Selling, General & Admin | 289.85 | 246.15 | 232.16 | 227.91 | 199.12 | 197.02 | 169.43 | 170.93 | 158.81 | 211.84 | 141.15 | 148.35 | 132.82 | 319.35 | 122.57 | 120.52 | 158.71 | 134.45 | 83.36 | 67.66 |
Other Operating Expenses | 20.92 | -1.87 | 27.01 | 6.66 | 9.2 | 2.3 | 4.24 | 5.15 | 15.32 | 7.06 | 13.26 | 7.85 | 8.05 | 10.4 | 13.45 | 4.51 | 30.91 | 12.1 | 15.3 | 4.17 |
Operating Income | 256.28 | 349.41 | 212.55 | 74.48 | 278.23 | 274.85 | 224.14 | 168.87 | 283.46 | 110.3 | 255.55 | 184.73 | 251.29 | -96.81 | 48.56 | 103.32 | 263.19 | 135.45 | 270.09 | 133.28 |
Interest Income | 130.87 | 144.47 | 169.66 | 177.73 | 224.14 | 242.23 | 247.38 | 262.66 | 290.55 | 260.35 | 237.14 | 226.78 | 194.78 | 160.5 | 118.85 | 121.79 | 107.12 | 105.4 | 118.36 | 116.8 |
Interest Expense | -186.1 | -203.02 | -189.21 | -189.13 | -246.57 | -230.93 | -255.11 | -245.69 | -243.12 | -227.34 | -208.74 | -181.67 | -165.52 | -131.07 | -96.47 | -89.66 | -78.11 | -73.1 | -65.88 | -77.72 |
Other Non-Operating Income (Expense) | 5.6 | 361.41 | 93.94 | 77.96 | 144.07 | 40.95 | 100.92 | 45.21 | 152.22 | 83.56 | 98.02 | 11.29 | 62.25 | 7 | -3.87 | 25.86 | 16.66 | 79.23 | -2.79 | 17.71 |
Total Non-Operating Income (Expense) | -49.63 | 302.86 | 74.39 | 66.56 | 121.64 | 52.25 | 93.19 | 62.18 | 199.64 | 116.58 | 126.42 | 56.4 | 91.52 | 36.43 | 18.5 | 57.99 | 45.67 | 111.54 | 49.69 | 56.79 |
Pretax Income | 206.65 | 652.27 | 286.94 | 141.04 | 399.87 | 327.11 | 317.33 | 231.05 | 483.1 | 226.87 | 381.97 | 241.12 | 342.81 | -60.38 | 67.07 | 161.31 | 308.86 | 246.99 | 319.78 | 190.06 |
Provision for Income Taxes | 8.15 | 111.89 | 60.96 | 17.54 | 49.86 | 46.45 | 41.07 | 27.23 | 59.55 | 29.9 | 49.71 | 33.81 | 49.62 | -11.6 | 13.46 | 20.41 | 42.9 | 30.28 | 48.46 | 25.75 |
Net Income | 83.18 | 552.45 | 248.81 | 69.03 | 331.85 | 236.92 | 189.88 | 146.05 | 347.9 | 61.82 | 144.51 | 94.04 | 117.49 | -35.55 | 39.73 | 45.86 | 248.18 | 169.45 | 266.62 | 111.33 |
Minority Interest in Earnings | 144.25 | 251.5 | 88.92 | 76.33 | 172.7 | 162.19 | 181.31 | 130.79 | 249.6 | 135.15 | 187.74 | 113.28 | 175.7 | -13.23 | 13.88 | 95.04 | 141.87 | 131.99 | 129.68 | 105.93 |
Net Income Attributable to Preferred Dividends | 25.31 | 25.31 | 25.31 | 25.31 | 22.78 | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.66 | 5.43 |
Net Income to Common | 83.18 | 552.45 | 248.81 | 69.03 | 331.85 | 236.92 | 189.88 | 146.05 | 347.9 | 61.82 | 144.51 | 94.04 | 117.49 | -35.55 | 39.73 | 45.86 | 248.18 | 169.45 | 266.62 | 111.33 |
Net Income Growth | -74.93% | 133.18% | 31.04% | -52.74% | -4.61% | 283.22% | 31.39% | 55.31% | 196.10% | - | 263.73% | 105.04% | -52.66% | - | -85.10% | -58.80% | 62.10% | 88.98% | 148.44% | - |
Shares Outstanding (Basic) | 221 | 220 | 219 | 209 | 203 | 201 | 196 | 193 | 190 | 186 | 183 | 179 | 177 | 176 | 175 | 174 | 172 | 169 | 165 | 149 |
Shares Outstanding (Diluted) | 221 | 220 | 219 | 209 | 215 | 201 | 196 | 193 | 201 | 186 | 194 | 179 | 190 | 176 | 175 | 174 | 189 | 187 | 181 | 164 |
Shares Change (YoY) | 2.82% | 9.54% | 11.58% | 8.68% | 6.92% | 7.79% | 1.10% | 7.63% | 5.97% | 6.03% | 10.79% | 2.73% | 0.47% | -5.84% | -3.24% | 6.45% | 17.57% | 17.96% | 23.23% | 38.27% |
EPS (Basic) | 0.08 | 1.15 | 0.46 | - | 0.72 | 0.55 | 0.43 | 0.33 | 0.88 | 0.30 | 0.75 | 0.49 | 0.64 | -0.22 | 0.21 | 0.24 | 0.68 | 0.49 | 0.70 | 0.33 |
EPS (Diluted) | 0.08 | 1.15 | 0.46 | - | 0.72 | 0.55 | 0.43 | 0.33 | 0.86 | 0.30 | 0.74 | 0.49 | 0.62 | -0.22 | 0.21 | 0.24 | 0.66 | 0.45 | 0.69 | 0.32 |
EPS Growth | -88.89% | 109.09% | 6.98% | - | -16.28% | 83.33% | -41.89% | -32.65% | 38.71% | - | 252.38% | 104.17% | -6.06% | - | -69.56% | -25.00% | 43.48% | 66.67% | 97.14% | - |
Free Cash Flow | -499.48 | 1,329 | 392.78 | 1,972 | 798.31 | 814.43 | 402.93 | 683.97 | -583.06 | 295.22 | -711.3 | 698.7 | -197.92 | 14.65 | -802.27 | 215.63 | -764.37 | -781.91 | -332.59 | -744.4 |
Free Cash Flow Growth | - | 63.21% | -2.52% | 188.35% | - | 175.87% | - | -2.11% | - | 1914.75% | - | 224.03% | - | - | - | - | - | - | - | - |
Free Cash Flow Per Share | -2.26 | 6.05 | 1.79 | 9.42 | 3.71 | 4.06 | 2.05 | 3.55 | -2.90 | 1.59 | -3.67 | 3.90 | -1.04 | 0.08 | -4.58 | 1.24 | -4.05 | -4.19 | -1.84 | -4.55 |
Dividends Per Share | 1.120 | 1.120 | 1.120 | 1.120 | 0.930 | 0.930 | 0.930 | 0.930 | 0.770 | 0.770 | 0.770 | 0.770 | 0.610 | 0.610 | 0.610 | 0.610 | 0.470 | 0.470 | 0.470 | 0.470 |
Dividend Growth | 20.43% | 20.43% | 20.43% | 20.43% | 20.78% | 20.78% | 20.78% | 20.78% | 26.23% | 26.23% | 26.23% | 26.23% | 29.79% | 29.79% | 29.79% | 29.79% | 17.50% | 17.50% | 17.50% | 17.50% |
Gross Margin | 37.68% | 35.82% | 34.94% | 28.38% | 38.65% | 41.97% | 50.44% | 48.76% | 43.41% | 49.04% | 37.50% | 41.92% | 41.82% | 29.07% | 30.69% | 31.94% | 34.56% | 29.73% | 28.48% | 31.15% |
Operating Margin | 17.03% | 21.08% | 15.74% | 6.84% | 22.10% | 24.33% | 28.42% | 23.87% | 26.89% | 16.43% | 23.37% | 22.71% | 26.80% | -12.08% | 8.07% | 14.45% | 20.09% | 14.28% | 20.86% | 20.24% |
Profit Margin | 13.19% | 32.60% | 16.74% | 11.34% | 27.80% | 24.84% | 35.03% | 28.81% | 40.19% | 29.34% | 30.39% | 25.49% | 31.27% | -6.09% | 8.91% | 19.71% | 20.30% | 22.84% | 20.95% | 24.96% |
FCF Margin | -33.19% | 80.19% | 29.09% | 181.14% | 63.41% | 72.09% | 51.09% | 96.69% | -55.32% | 43.98% | -65.06% | 85.90% | -21.11% | 1.83% | -133.39% | 30.16% | -58.34% | -82.42% | -25.69% | -113.06% |
EBITDA | 256.28 | 349.41 | 212.55 | 74.48 | 278.23 | 274.85 | 224.14 | 168.87 | 283.46 | 110.3 | 255.55 | 184.73 | 251.29 | -96.81 | 48.56 | 103.32 | 263.19 | 135.45 | 270.09 | 133.28 |
EBIT | 256.28 | 349.41 | 212.55 | 74.48 | 278.23 | 274.85 | 224.14 | 168.87 | 283.46 | 110.3 | 255.55 | 184.73 | 251.29 | -96.81 | 48.56 | 103.32 | 263.19 | 135.45 | 270.09 | 133.28 |
EBIT Margin | 17.03% | 21.08% | 15.74% | 6.84% | 22.10% | 24.33% | 28.42% | 23.87% | 26.89% | 16.43% | 23.37% | 22.71% | 26.80% | -12.08% | 8.07% | 14.45% | 20.09% | 14.28% | 20.86% | 20.24% |
Effective Tax Rate | 3.94% | 17.15% | 21.24% | 12.43% | 12.47% | 14.20% | 12.94% | 11.79% | 12.33% | 13.18% | 13.02% | 14.02% | 14.47% | 19.21% | 20.07% | 12.65% | 13.89% | 12.26% | 15.15% | 13.55% |
Updated Feb 5, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.