Ares Management Corporation splits its revenue into 5 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Management Service at $3.7 billion, 66% of the total.
USD in millions. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2019
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
5,988
|
5,601
|
3,885
|
3,632
|
3,055
|
4,212
|
1,764
|
1,433
|
958
|
1,085
|
965
|
| Management Service |
3,970
+22.1%
share 66.3%
|
3,680
+25.1%
share 65.7%
|
2,942
+15.3%
share 75.7%
|
2,551
+19.4%
share 70.2%
|
2,136
+32.6%
share 69.9%
|
1,611
share 38.2%
|
—
|
—
|
—
|
—
|
—
|
| Carried Interest |
1,067
+11.4%
share 17.8%
|
1,154
share 20.6%
|
—
|
619
+35.1%
share 17.0%
|
458
-77.9%
share 15.0%
|
2,074
share 49.2%
|
—
|
622
share 43.4%
|
—
|
—
|
—
|
| Management Service Incentive |
512
+49.3%
share 8.6%
|
362
+5.3%
share 6.5%
|
344
+24.4%
share 8.9%
|
277
-8.2%
share 7.6%
|
301
-9.5%
share 9.9%
|
333
share 7.9%
|
—
|
—
|
—
|
—
|
—
|
| Administrative Service |
421
+79.3%
share 7.0%
|
356
+118.8%
share 6.4%
|
163
+9.3%
share 4.2%
|
149
+1.0%
share 4.1%
|
148
+55.0%
share 4.8%
|
95
share 2.3%
|
—
|
—
|
—
|
—
|
—
|
| Principal Investment Income Loss |
18
-57.1%
share 0.3%
|
48
+6.0%
share 0.9%
|
45
+24.4%
share 1.2%
|
37
+197.4%
share 1.0%
|
12
-87.7%
share 0.4%
|
99
share 2.4%
|
—
|
—
|
—
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. 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.