Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
139.14
-0.44 (-0.32%)
Nov 10, 2026, 10:38 AM EST - Market open
Ares Management Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Interest and Dividend Income | 763.69 | 1,154 | 390.18 | 618.58 | 458.01 | 2,074 |
Total Interest Expense | 782.7 | 767.46 | 978.3 | 860.88 | 482.72 | 294.81 |
Net Interest Income | -19 | 386.52 | -588.12 | -242.3 | -24.71 | 1,779 |
Trading & Principal Transactions | 19.83 | 48.15 | 45.42 | 36.52 | 12.28 | 99.43 |
Asset Management Fee | 4,055 | 3,680 | 2,942 | 2,551 | 2,136 | 1,611 |
Other Revenue | 924.54 | 718.89 | 507.05 | 425.64 | 448.72 | 428.06 |
| 4,981 | 4,834 | 2,906 | 2,771 | 2,573 | 3,917 | |
Revenue Growth | 10.01% | 66.32% | 4.89% | 7.71% | -34.32% | 169.63% |
Salaries & Employee Benefits | 3,570 | 3,555 | 2,143 | 2,087 | 1,811 | 2,837 |
Cost of Services Provided | 1,053 | 1,013 | 723.98 | 703.64 | 731.67 | 506.66 |
Total Operating Expenses | 4,623 | 4,568 | 2,867 | 2,791 | 2,543 | 3,343 |
Operating Income | 357.7 | 265.76 | 39.34 | -19.52 | 29.89 | 574.09 |
Other Non-Operating Income (Expenses) | 184.47 | 302.98 | 977.03 | 1,020 | 609.05 | 462.09 |
EBT Excluding Unusual Items | 542.18 | 568.74 | 1,016 | 1,000 | 638.94 | 1,036 |
Merger & Restructuring Charges | -38.8 | -35.3 | -33.4 | - | - | - |
Gain (Loss) on Sale of Investments | 727.62 | 858.66 | 330.53 | 340.27 | 78.12 | 96.41 |
Other Unusual Items | -84.02 | -106.55 | -38.25 | -7.56 | -205.4 | -65.55 |
Pretax Income | 1,147 | 1,286 | 1,275 | 1,333 | 511.66 | 1,067 |
Income Tax Expense | 177.24 | 198.54 | 164.62 | 172.97 | 71.89 | 147.39 |
Earnings From Continuing Ops. | 969.73 | 1,087 | 1,111 | 1,160 | 439.77 | 919.65 |
Minority Interest in Earnings | -536.93 | -559.65 | -646.89 | -685.54 | -272.23 | -510.81 |
Net Income | 432.8 | 527.36 | 463.74 | 474.33 | 167.54 | 408.84 |
Preferred Dividends & Other Adjustments | 151.07 | 143.82 | 53.55 | 21.3 | 14.1 | 40.21 |
Net Income to Common | 281.73 | 383.54 | 410.2 | 453.02 | 153.45 | 368.62 |
Net Income Growth | -44.96% | -6.50% | -9.45% | 195.24% | -58.37% | 207.22% |
Shares Outstanding (Basic) | 225 | 217 | 198 | 185 | 176 | 164 |
Shares Outstanding (Diluted) | 225 | 217 | 198 | 196 | 176 | 180 |
Shares Change | 5.66% | 9.75% | 1.17% | 11.54% | -2.56% | 20.47% |
EPS (Basic) | 1.25 | 1.76 | 2.07 | 2.46 | 0.87 | 2.25 |
EPS (Diluted) | 1.23 | 1.71 | 2.04 | 2.42 | 0.87 | 2.15 |
EPS Growth | -47.64% | -16.18% | -15.80% | 178.49% | -59.48% | 146.11% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -614.57 | 3,195 | 2,700 | -300.44 | -769.91 | -2,623 |
Free Cash Flow Per Share | -2.73 | 14.70 | 13.63 | -1.53 | -4.39 | -14.56 |
Dividend Per Share | 5.170 | 4.480 | 3.720 | 3.080 | 2.440 | 1.880 |
Dividend Growth | 20.51% | 20.43% | 20.78% | 26.23% | 29.79% | 17.50% |
Operating Margin | 7.18% | 5.50% | 1.35% | -0.70% | 1.16% | 14.66% |
Profit Margin | 5.66% | 7.93% | 14.11% | 16.35% | 5.96% | 9.41% |
Free Cash Flow Margin | -12.34% | 66.09% | 92.88% | -10.84% | -29.93% | -66.97% |
Effective Tax Rate | 15.45% | 15.44% | 12.91% | 12.98% | 14.05% | 13.81% |
Revenue as Reported | 5,763 | 5,601 | 3,885 | 3,632 | 3,055 | 4,212 |