Ares Management revenue and financials

ARES · NYSE · USD

$117.74+0.52%+$0.61

Close · October 6, 2026

In the fiscal year ended December 2025, Ares Management reported revenue of $4.76B (+28.86% year over year). Net income was $527.36M, a net margin of 11.1%.

Annual revenue · 2025: $4.76B

$964.8M2016
$1.09B2017
$1.22B2018
$1.43B2019
$1.75B2020
$2.29B2021
$2.88B2022
$3.24B2023
$3.69B2024
$4.76B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +28.86%; 2025 vs 2024
Net income growth: +13.72%; 2025 vs 2024
Net margin: 11.1%; 2024: 12.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	1,272	1,207	1,319	1,455	1,161	900	1,012	899	534	462	811	444
Cost of revenue	689	692	605	660	644	—	—	—	—	—	—	—
Gross profit	740	704	900	998	706	—	—	—	—	—	—	—
Selling, general and administrative	488	469	623	650	467	—	—	—	—	—	—	—
Operating income	121	66.6	66.6	190	67.6	49.8	67.5	68.6	-25.5	-71.3	45.8	-116
EBIT	542	502	393	855	476	—	—	—	—	—	—	—
EBITDA	542	502	393	855	476	—	—	—	—	—	—	—
Interest expense	156	190	186	203	189	—	—	—	—	—	—	—
Pre-tax income	384	314	207	650	287	141	401	326	318	231	483	226
Income tax	73.0	59.9	8.1	112	61.0	17.5	49.9	46.5	41.1	27.2	59.6	29.9
Net income	151	143	54.2	289	137	47.2	177	118	94.9	73.0	174	61.8
Net income to common shareholders	112	104	18.2	252	101	11.1	146	111	87.3	65.8	169	56.5
Basic EPS	0.50	0.46	0.08	1.15	0.46	0.05	0.72	0.55	0.45	0.34	0.89	0.30
Diluted EPS	0.49	0.46	0.08	1.15	0.46	0.05	0.68	0.55	0.43	0.34	0.89	0.30
Average shares (basic)	226	224	221	220	219	209	203	201	196	193	190	186
Average shares (diluted)	226	224	221	220	219	209	215	201	196	193	201	186
Dividend per share	1.35	1.35	1.12	1.12	1.12	1.12	0.93	0.93	0.93	0.93	0.77	0.77