Companies / ARES
Ares Management Corp reported revenue of $5.60B for fiscal 2025, up 44.2% from fiscal 2024.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.21B | $3.06B | $3.63B | $3.88B | $5.60B |
| Net income | $918.30M | $438.92M | — | — | — |
| Cash from operations | -$2.60B | -$734.11M | -$233.26M | $2.79B | $3.27B |
| Free cash flow | -$2.62B | -$769.91M | -$300.44M | $2.70B | $3.19B |
| Fiscal quarter | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.26B | $1.09B | $1.35B | $1.66B | $1.50B | $1.40B | $1.43B |
| Net income | $280.65M | $350.02M | $123.50M | $225.98M | $540.38M | $198.50M | $253.05M | $312.96M |
| Diluted EPS | $0.55 | $0.72 | $0.00 | $0.46 | $1.15 | — | $0.46 | — |
As Ares Management Corp reports them, quarter by quarter.
| Fiscal quarter | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| AUM not yet paying fees | $85.20B | $95.00B | $99.20B | $86.80B | $81.00B | $101.00B | $101.70B | $114.00B |
| Incentive eligible AUM | $267.30B | $279.70B | $291.40B | $303.80B | $316.50B | $329.90B | $333.60B | $352.50B |
| Incentive generating AUM | $120.30B | $124.90B | $131.00B | $139.10B | $148.20B | $160.10B | $161.00B | $169.00B |
| Perpetual Capital AUM | $124.10B | $133.60B | $154.80B | $166.60B | $190.30B | $200.00B | $215.30B | $223.30B |
| Total Assets Under Management | $464.00B | $484.40B | $546.00B | $572.00B | $595.70B | $623.00B | $644.00B | $671.00B |
| Total Fee Paying AUM | $286.80B | $292.60B | $335.10B | $349.60B | $367.60B | $384.90B | $399.60B | $409.90B |
Figures come from Ares Management Corp's SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.
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