Ares Capital (ARCC) Distributable Earnings (2009 - 2026)
Ares Capital's Retained Earnings came in at $504 million for Q3 2026, down 40.8% from $851 million a year earlier and down 5.1% from the prior quarter.
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Analysis
Ares Capital (ARCC) Distributable Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025, Ares Capital's Retained Earnings was $958 million, up 12.4% from FY2024.
- Retained Earnings carries a four-year compound annual growth rate of 32.1% (FY2021 to FY2025).
- Going back by year, Retained Earnings was $852 million in FY2024 (+84.4%), $462 million in FY2023, -$2 million in FY2022 and $315 million in FY2021.
- The Q3 2026 figure represents the lowest quarterly Retained Earnings since Q4 2023.
- Year-over-year, Retained Earnings has declined for three consecutive quarters, with growth averaging 9.8% over the last eight quarters.
- The fastest year-over-year change in Retained Earnings over five years came in Q2 2024 (growth of 702.5%), and the weakest in Q3 2026 (a decline of 40.8%).
- Business Quant data shows ARCC's Retained Earnings at $531 million (Q2 2026), $705 million (Q1 2026) and $958 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Federal Home Loan Mortgage | 12.64 Bn | -328.33 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 504.00 Mn |
| Jun 30, 2026 | 531.00 Mn |
| Mar 31, 2026 | 705.00 Mn |
| Dec 31, 2025 | 958.00 Mn |
| Sep 30, 2025 | 851.00 Mn |
| Jun 30, 2025 | 789.00 Mn |
| Mar 31, 2025 | 765.00 Mn |
| Dec 31, 2024 | 852.00 Mn |
| Sep 30, 2024 | 728.00 Mn |
| Jun 30, 2024 | 642.00 Mn |
| Mar 31, 2024 | 620.00 Mn |
| Dec 31, 2023 | 462.00 Mn |
| Sep 30, 2023 | 309.00 Mn |
| Jun 30, 2023 | 80.00 Mn |
| Mar 31, 2023 | 15.00 Mn |
| Dec 31, 2022 | -2.00 Mn |
| Sep 30, 2022 | 66.00 Mn |
| Jun 30, 2022 | 84.00 Mn |
| Mar 31, 2022 | 0.52 |
| Dec 31, 2021 | 315.00 Mn |
API Access
Ares Capital Distributable Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=distributable-earnings&ticker=ARCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "distributable-earnings", "ticker": "ARCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=distributable-earnings&ticker=ARCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();