Ares Management Corporation revenue by segment ARES-PB

Ares Management Corporation splits its revenue into 6 lines in its filings. The largest line in Q2 of fiscal 2026, the quarter ended Jun 30, 2026 was Management Service at $1.0 billion, 71% of the total.

USD in millions. The percent under a figure is the change from the same quarter a year earlier.

Line
TTM
Jun 30, 2026
Q2 FY2026
Jun 30, 2026
Q1 FY2026
Mar 31, 2026
Q4 FY2025
Dec 31, 2025
Q3 FY2025
Sep 30, 2025
Q2 FY2025
Jun 30, 2025
Q1 FY2025
Mar 31, 2025
Q4 FY2024
Dec 31, 2024
Q3 FY2024
Sep 30, 2024
Revenue
5,988
1,429
1,396
1,505
1,658
1,350
1,089
1,259
1,130
Management Service
3,970
+22.1%
share 66.3%
1,018
+13.0%
share 71.2%
990
+21.1%
share 70.9%
991
+27.2%
share 65.9%
972
+28.9%
share 58.6%
901
share 66.7%
817
share 75.0%
779
share 61.9%
754
share 66.7%
Carried Interest
1,067
+11.4%
share 17.8%
250
-22.8%
share 17.5%
147
-8.4%
share 10.5%
205
+4.7%
share 13.6%
465
+67.4%
share 28.0%
324
share 24.0%
160
share 14.7%
196
share 15.6%
278
share 24.6%
Administrative Service
421
+79.3%
share 7.0%
116
+26.8%
share 8.1%
98
+69.4%
share 7.0%
105
+139.4%
share 6.9%
103
+145.2%
share 6.2%
92
share 6.8%
58
share 5.3%
44
share 3.5%
42
share 3.7%
Management Service Incentive
512
+49.3%
share 8.6%
43
+85.2%
share 3.0%
162
+405.3%
share 11.6%
207
share 13.7%
101
+107.0%
share 6.1%
23
share 1.7%
32
share 2.9%
—
49
share 4.3%
Fee Related Performance Revenues
—
—
—
—
—
17
share 1.2%
—
—
—
Principal Investment Income Loss
18
-57.1%
share 0.3%
2
-79.1%
share 0.2%
0
-97.8%
share 0.0%
-3
-417.9%
share -0.2%
18
+123.7%
share 1.1%
11
share 0.8%
22
share 2.0%
1
share 0.1%
8
share 0.7%
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Investment Advice (SIC 6282)
Listed as
ARES (NYSE), ARES-PB (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Los Angeles, CA
SEC filer status
Large accelerated filer
SEC CIK
1176948
Former names
ARES MANAGEMENT LP (until Nov 26, 2018)

Other Investment Advice companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.