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Ares Management revenue

Ares Management's revenue was $4.76bn in fiscal 2025, up 28.9% on the year before. Since fiscal 2012 ($334m) it has grown at a compound 22.7% a year. Over the last twelve months it was $5.30bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue3344796048149651,0851,2181,4331,7542,2892,8803,2363,6914,7565,303
Growth on the year before—+43.3%+26.2%+34.9%+18.5%+12.5%+12.3%+17.6%+22.4%+30.5%+25.8%+12.4%+14.0%+28.9%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Management Service $3.7B 65.7% ▲ 25.1%
Carried Interest $1.2B 20.6% ▲ 195.8%
Management Service Incentive $362M 6.5% ▲ 5.3%
Administrative Service $356M 6.4% ▲ 118.8%
Principal Investment Income Loss $48.1M 0.9% ▲ 6.0%

From Ares Management's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Asset Management & Custody Banks: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Ares Management $5.30bn 28.5% 18.9%
TPG Inc. $5.06bn 30.1% 31.0%
Brookfield Asset Management Ltd. $5.74bn 31.9% —
Invesco $6.90bn 12.2% 6.3%
T. Rowe Price $7.70bn 6.9% 6.7%
Carlyle Group Inc. $3.61bn -41.9% 4.9%

Compare with peers

Head to head: ARES vs TPGARES vs BAMARES 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.