Ares Management CorpARESEarnings & Financial Report
Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997, with additional offices across North America, Europe, and Asia.
ARES Q4 2025 Key Financial Metrics
Revenue
$1.5B
Gross Profit
N/A
Operating Profit
$206.6M
Net Profit
$54.2M
Gross Margin
N/A
Operating Margin
13.7%
Net Margin
3.6%
YoY Growth
19.5%
Financial Flow
Ares Management Corp Q4 2025 Financial Summary
Ares Management Corp reported revenue of $1.5B (up 19.5% YoY) for Q4 2025, with a net profit of $54.2M (down 69.4% YoY) (3.6% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $1.5B |
|---|---|
| Net Profit | $54.2M |
| Gross Margin | N/A |
| Operating Margin | 13.7% |
| Report Period | Q4 2025 |
Revenue Breakdown
Ares Management Corp Q4 2025 revenue of $1.5B breaks down across 4 segments, led by Management Service at $991.1M (65.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Management Service | $991.1M | 65.9% |
| Management Service Incentive | $206.7M | 13.7% |
| Carried Interest | $205.4M | 13.6% |
| Fee Related Performance Revenues | $113.3M | 7.5% |
Ares Management Corp Revenue by Segment — Quarterly Trend
Ares Management Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Management Service and Management Service Incentive) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Management Service | $991.1M | $971.8M | $900.6M | $817.0M |
| Management Service Incentive | $206.7M | — | $23.1M | — |
| Carried Interest | $205.4M | $464.7M | $323.9M | — |
| Fee Related Performance Revenues | $113.3M | $62.4M | $16.2M | $18.4M |
Ares Management Corp Annual Revenue by Year
Ares Management Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.6B). Click any linked year to see what changed vs the prior annual report.
Ares Management Corp Quarterly Revenue & Net Profit History
Ares Management Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.5B | +19.5% | $54.2M | 3.6% |
| Q3 2025 | $1.7B | +46.7% | $288.9M | 17.4% |
| Q2 2025 | $1.4B | +71.2% | $137.1M | 10.2% |
| Q1 2025 | $1.1B | +53.9% | $47.2M | 4.3% |
| Q4 2024 | $1.3B | +19.5% | $177.3M | 14.1% |
| Q3 2024 | $1.1B | +68.3% | $118.5M | 10.5% |
| Q2 2024 | $788.7M | -27.9% | $94.9M | 12.0% |
| Q1 2024 | $707.4M | -13.0% | $73.0M | 10.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $707.4M | $788.7M | $1.13B | $1.26B | $1.09B | $1.35B | $1.66B | $1.50B |
| YoY Growth | -13.0% | -27.9% | 68.3% | 19.5% | 53.9% | 71.2% | 46.7% | 19.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $24.41B | $24.19B | $24.52B | $24.88B | $27.18B | $27.26B | $27.03B | $28.63B |
| Liabilities | $19.38B | $18.44B | $18.64B | $17.49B | $18.39B | $18.43B | $18.40B | $19.93B |
| Equity | $1.77B | $2.00B | $2.08B | $3.54B | $4.45B | $4.36B | $4.47B | $4.28B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $710.0M | $432.2M | $841.3M | $807.6M | $1.99B | $415.7M | $1.34B | $-483.7M |