FINHUB Insights

ARES · Q4 FY25 · Oct 1 – Dec 31, 2025

Ares Management Q4 FY25: where the revenue came from and where it went

Ares Management Q4 FY25: revenue $1.6B (+26% year over year). Net profit $0B. Largest cohort Performance income—realized $0.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Feb 25, 2026 10-K
Sankey diagram of Ares Management's income statement for Q4 FY25: revenue of $1.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.6B +26% year over year
Operating profit$0.3B 16% margin
Net profit$0B -3% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 1.6 100% +26%
Performance income—realized 0.5 31%
Performance related… 0.4 25%
Fee related performance 0.3 19%
Other fees 0.2 12%
Other 0.1 6% +196%
SG&A−0.319%+3pp
Other−165%+0pp
Operating profit0.316% margin−6pp
Interest & other costs−0.3
Net profit0-3%−16pp
Filing on EDGAR More quarters of ARES

Source of the numbers: tables in the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

Older quarters