Ares Management

ARES Financials Market cap $47.4B as of Sep 14, 2026 16:00 ET S&P 500

Q1 FY26 Jan 1 – Mar 31, 2026 reported May 8, 2026

Revenue$1.30B +29% year over year

Operating profit$0.23B 18% margin

Net profit$0.14B 11% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.30	100%	+29%
Management service	1.01	78%
Carried interest	0.16	13%
Administrative service	0.10	7%
Principal investment income	0.03	2%
Operating expenses	−1.07	82%
Compensation	−0.69	53%	−12pp
Other	−0.38	29%
Operating profit	0.23	18% margin	+10pp
Interest & other costs	−0.03
Tax	−0.06
Net profit	0.14	11% margin	+6pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.04	100%	+19%
Management fees	0.90	87%
Other fees	0.07	6%
Performance income – realized	0.06	5%
Fee related performance	0.02	2%
Operating expenses	−0.83	80%
Compensation	−0.64	62%	+14pp
Other	−0.19	18%	+0pp
Operating profit	0.21	20% margin	−5pp
Interest & other costs	−0.02
Tax	−0.06
Net profit	0.14	13% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.01	100%	+37%
Management fees	0.82	81%
Performance income – realized	0.13	13%
Other fees	0.03	3%
Fee related performance	0.03	3%
Operating expenses	−0.93	93%
Compensation	−0.66	66%	+9pp
Other	−0.27	27%	+0pp
Operating profit	0.07	7% margin	−16pp
Interest & other costs	−0.01
Tax	−0.02
Net profit	0.05	5% margin	−5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 8, 2026 Operating margin 18% Net profit $0.14B	Jan 1 – Mar 31, 2026	May 8, 2026	$1.30B	+29%	18%	$0.14B	11%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 8, 2025 Operating margin 20% Net profit $0.14B	Apr 1 – Jun 30, 2025	Aug 8, 2025	$1.04B	+19%	20%	$0.14B	13%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 12, 2025 Operating margin 7% Net profit $0.05B	Jan 1 – Mar 31, 2025	May 12, 2025	$1.01B	+37%	7%	$0.05B	5%