# Ares Management Corp: overview

ARES · NYSE · CIK 1176948 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ares.md) · [Financials](/companies/ares/financials.md) · [Filings](/companies/ares/filings.md) · [Insiders](/companies/ares/insiders.md)

Latest reported revenue: [$1.43bn](/filings/0001628280-26-054538.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-054538).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,130](/filings/0001628280-25-049899.md) | [1,259 d](/filings/0001628280-26-011413.md) | [1,089](/filings/0001628280-26-032990.md) | [1,350](/filings/0001628280-26-054538.md) | [1,658](/filings/0001628280-25-049899.md) | [1,505 d](/filings/0001628280-26-011413.md) | [1,396](/filings/0001628280-26-032990.md) | [1,429](/filings/0001628280-26-054538.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [10.5%](/filings/0001628280-25-049899.md) | [14.1% d](/filings/0001628280-26-011413.md) | [4.3%](/filings/0001628280-26-032990.md) | [10.2%](/filings/0001628280-26-054538.md) | [17.4%](/filings/0001628280-25-049899.md) | [3.6% d](/filings/0001628280-26-011413.md) | [10.2%](/filings/0001628280-26-032990.md) | [10.5%](/filings/0001628280-26-054538.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,212](/filings/0001628280-24-007014.md) | [3,055](/filings/0001628280-25-008665.md) | [3,632](/filings/0001628280-26-011413.md) | [3,885](/filings/0001628280-26-011413.md) | [5,601](/filings/0001628280-26-011413.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [9.7%](/filings/0001628280-24-007014.md) | [5.5%](/filings/0001628280-25-008665.md) | [13.1%](/filings/0001628280-26-011413.md) | [11.9%](/filings/0001628280-26-011413.md) | [9.4%](/filings/0001628280-26-011413.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ares/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.88bn | 16,882,527 |  | Added +713,462 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.53bn | 13,750,238 |  | Added +260,775 |
| [SUMITOMO MITSUI FINANCIAL GROUP, INC.](/funds/1022837.md) | 2026-06-30 | $1.49bn | 13,364,740 |  | Unchanged |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $1.32bn | 11,855,596 |  | Added +7,658,749 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.22bn | 10,924,590 |  | Added +127,568 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $1.18bn | 10,644,025 |  | Reduced −1,140,095 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $1.06bn | 9,526,077 |  | Reduced −1,636,725 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $999.4m | 8,978,721 |  | Added +374,120 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $751.2m | 6,748,327 |  | Added +785,021 |
| [CANADA PENSION PLAN INVESTMENT BOARD](/funds/1283718.md) | 2026-06-30 | $740.2m | 6,649,728 |  | Reduced −964,917 |

## Recent filings

[All 1,195 filings](/companies/ares/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 21:02 ET | [8-K](/filings/0001628280-26-067994.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-067994 |
| 2026-09-30 | 19:21 ET | [8-K](/filings/0001628280-26-063870.md) | 7.01 Regulation FD disclosure | 0001628280-26-063870 |
| 2026-08-07 | 21:06 ET | [10-Q](/filings/0001628280-26-054538.md) | Quarterly report, period 2026-06-30 | 0001628280-26-054538 |
| 2026-07-31 | 21:39 ET | [8-K](/filings/0001628280-26-051191.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-051191 |
| 2026-07-10 | 19:15 ET | [8-K](/filings/0001628280-26-047830.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure | 0001628280-26-047830 |
| 2026-06-11 | 17:24 ET | [8-K](/filings/0001628280-26-042576.md) | 5.07 Shareholder vote results | 0001628280-26-042576 |
| 2026-05-28 | 20:42 ET | [8-K](/filings/0001628280-26-038606.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001628280-26-038606 |
| 2026-05-08 | 17:02 ET | [10-Q](/filings/0001628280-26-032990.md) | Quarterly report, period 2026-03-31 | 0001628280-26-032990 |
| 2026-05-01 | 21:36 ET | [8-K](/filings/0001628280-26-029083.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-029083 |
| 2026-04-21 | 16:17 ET | [DEF 14A](/filings/0001628280-26-026286.md) | Proxy statement, period 2025-12-31 | 0001628280-26-026286 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-011413.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/c64a59f1-399c-44d6-905e-59b660aa9ebf)

## About the filer

- CIK: 1176948
- Tickers: ARES, ARES-PB
- Exchange: NYSE
- SIC code: 6282 Investment Advice
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 13:38 ET. No prices; not investment advice.