Ares Management Corporation (ARES) Financial Statements

Ares Management Corporation

ARES · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$5.60B	$3.88B	$3.63B	$3.06B	$4.21B	$1.76B	$1.77B	$958.46M
Selling, General & Administrative	$996.08M	$736.50M	$660.15M	$695.26M	$444.18M	$259.00M	—	—
Operating Expenses	$4.71B	$2.94B	$2.80B	$2.75B	$3.41B	$1.45B	$1.46B	$870.36M
Interest Expense	—	—	—	$71.36M	$36.76M	$24.91M	—	—
Other Income / (Expense)	$394.18M	$329.26M	$499.04M	$204.45M	$263.68M	$65.92M	$122.54M	$96.24M
Income Before Taxes	$1.29B	$1.28B	$1.33B	$510.81M	$1.07B	$379.48M	$425.18M	$184.34M
Provision for Income Taxes	$198.53M	$164.62M	$172.97M	$71.89M	$147.38M	$54.99M	$52.38M	$32.20M
Net Income	$426.11M	$440.96M	$474.33M	$167.54M	$386.75M	$152.14M	$148.88M	$57.02M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$5.97	$5.73	$6.29	9	↑1 ↓5
Dec 2027	$7.32	$6.85	$7.75	9	↑2 ↓5
Dec 2028	$8.51	$7.93	$8.98	5	↑2 ↓0
Dec 2029	$9.12	$9.08	$9.17	2	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: ARES
Type: Stock
Sector: Finance
Industry: Investment Managers
Country: North America
Exchange: NYSE

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East.

Key Issues

Bullish view

Record fundraising, higher fee-paying assets under management, and double-digit growth in fee-related earnings and realized income indicate that capital formation can continue expanding recurring earnings.

Bearish view

The quarter’s revenue missed expectations by 4.16%, showing that stronger fundraising and AUM do not necessarily translate into reported revenue at the pace investors expect.

Analyst Consensus

See all

Buy

14 analysts

$140

Current

—

Low

$149

Average

—

High

Average target implies +6.56% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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