Ares Management number of employees

Ares Management reported 4,250 employees at December 31, 2025 in its latest annual report, up 1,050 (32.8%) on the year before. That compares with 2,100 at December 31, 2021. Revenue per employee was $1.1m.

Headcount by year

Fiscal year end	Employees	Change	Revenue per employee	Source
December 31, 2025	4,250	+1,050 (32.8%)	$1.1m	10-K, filed February 25, 2026
December 31, 2024	3,200	+350 (12.3%)	$1.2m	10-K, filed February 27, 2025
December 31, 2023	2,850	+300 (11.8%)	$1.1m	10-K, filed February 27, 2024
December 31, 2022	2,550	+450 (21.4%)	$1.1m	10-K, filed February 24, 2023
December 31, 2021	2,100	—	$1.1m	10-K, filed February 28, 2022

What the annual reports say

To foster this culture, we invest heavily in our human capital efforts, including: Talent Management: As of December 31, 2025, we had over 4,250 employees, comprised of over 1,650 professionals in our investment groups and over 2,550 operations management professionals, located in over 55 offices in more than 25 countries. 2025 annual report
To foster this culture, we invest heavily in our human capital efforts, including: Talent Management: As of December 31, 2024, we had over 3,200 employees, comprised of over 1,100 professionals in our investment groups and over 2,100 operations management professionals, located in over 35 offices in more than 15 countries. 2024 annual report
To foster this culture, we invest heavily in our human capital efforts, including: Talent Management: As of December 31, 2023, we had over 2,850 full-time employees, comprised of approximately 1,000 professionals in our investment groups and over 1,850 operations management professionals, located in over 35 offices in more than 15 countries. 2023 annual report
To foster this culture, we invest heavily in our human capital efforts, including: Talent Management: As of December 31, 2022, we had over 2,550 full-time employees, comprised of approximately 900 professionals in our investment groups and over 1,650 operations management professionals, located in over 30 offices in more than 15 countries. 2022 annual report
We invest heavily in our human capital efforts, including: Talent Management: As of December 31, 2021, we had over 2,100 full-time employees, comprised of over 750 professionals in our investment groups and over 1,350 operations management professionals, located in over 40 offices in more than 15 countries. 2021 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

Head to head: ARES vs TPG ARES vs IVZ

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

Figures from Ares Management's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ares Management.