ARES
Ares Management Corporation
NYSE · Financial Services · Asset Management · US
$139.63
−1.34%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 6.4B | 6.5B | 3.9B | 3.6B | 3.1B |
| Cost of Revenue | 2.4B | 1.6B | 1.7B | 1.5B | 1.5B |
| Gross Profit | 4.0B | 4.8B | 2.2B | 2.1B | 1.6B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 650.2M | — | 1.2B | 1.3B | 1.2B |
| General & Admin Expense | 650.2M | — | 1.2B | 1.3B | 1.2B |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 1.9B | 3.1B | 20.9M | 43.5M | 36.4M |
| Total Operating Expenses | 2.5B | 3.1B | 1.2B | 1.3B | 1.3B |
| Cost and Expenses | 4.9B | 4.7B | 2.9B | 2.8B | 2.7B |
| Operating Income (EBIT) | 1.5B | 1.8B | 946.1M | 834.0M | 306.4M |
| Non-Operating | |||||
| Interest Income | 450.8M | 670.9M | 976.4M | 1.0B | 595.9M |
| Interest Expense | 735.0M | 767.5M | 978.3M | 860.9M | 482.7M |
| Net Interest Income | (284.2M) | (96.6M) | (1.9M) | 153.9M | 113.2M |
| Other Non-Op Income/Expense | 77.7M | (474.5M) | 329.3M | 499.0M | 204.4M |
| Non-Operating Income (excl Interest) | (812.7M) | (293.0M) | (1.3B) | (1.4B) | (687.2M) |
| EBT (Pre-Tax Income) | 1.6B | 1.3B | 1.3B | 1.3B | 510.8M |
| Income Tax Expense | 252.9M | 198.5M | 164.6M | 173.0M | 71.9M |
| Bottom Line | |||||
| Net Income | 636.4M | 527.4M | 463.7M | 474.3M | 167.5M |
| Earnings from Cont. Ops | 1.3B | 1.1B | 1.1B | 1.2B | 438.9M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 549.8M | 426.1M | 410.2M | 474.3M | 153.4M |
| Per Share | |||||
| Basic EPS | $2.29 | $1.96 | $2.07 | $2.46 | $0.87 |
| Diluted EPS | $2.41 | $1.96 | $2.07 | $2.42 | $0.87 |
| Revenue Per Share | $28.22 | $29.77 | $19.61 | $19.68 | $17.41 |
| Shares | |||||
| Basic Shares Outstanding | 226.3M | 217.4M | 198.1M | 184.5M | 175.5M |
| Diluted Shares Outstanding | 226.3M | 217.4M | 198.1M | 195.8M | 175.5M |
| Profitability Metrics | |||||
| EBITDA | 2.5B | 2.3B | 2.4B | 2.4B | 1.3B |
| D&A | 190.2M | 241.9M | 158.6M | 231.7M | 341.3M |
| EBIT | 2.3B | 2.1B | 2.3B | 2.2B | 993.5M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026