Ares Capital (ARCC) Incentive Fees Payable (2009 - 2026)
Ares Capital (ARCC) reported Incentive Fees Payable of $84 million for Q2 2026, unchanged from $84 million a year earlier and unchanged from the prior quarter.
Powered by 
Analysis
Ares Capital (ARCC) Incentive Fees Payable (2009 - 2026) Analysis & Trends
At the end of FY2025, Ares Capital posted Incentive Fees Payable of $89 million, down 15.2% from FY2024.
- Incentive Fees Payable has a four-year compound annual growth rate of -13.8% (FY2021 to FY2025).
- By year, Incentive Fees Payable came in at $105 million in FY2024 (+19.3%), $88 million in FY2023 (+151.4%), $35 million in FY2022 (-78.3%) and $161 million in FY2021.
- Five-year quarterly Incentive Fees Payable spans a low of $29 million in Q1 2023 and a high of $161 million in Q4 2021.
- Year over year, Incentive Fees Payable gained in three of the last eight quarters, with an average decline of 0.3%.
- The high point for year-over-year Incentive Fees Payable in five years was Q1 2024 (growth of 286.2%); the low point was Q4 2022 (a decline of 78.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $84 million (Q1 2026), $89 million (Q4 2025) and $97 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Incentive Fees Payable (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 | - | 166.00 Mn |
| 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 | 166.00 Mn |
| Jun 30, 2026 | 84.00 Mn |
| Mar 31, 2026 | 84.00 Mn |
| Dec 31, 2025 | 89.00 Mn |
| Sep 30, 2025 | 97.00 Mn |
| Jun 30, 2025 | 84.00 Mn |
| Mar 31, 2025 | 80.00 Mn |
| Dec 31, 2024 | 105.00 Mn |
| Sep 30, 2024 | 106.00 Mn |
| Jun 30, 2024 | 100.00 Mn |
| Mar 31, 2024 | 112.00 Mn |
| Dec 31, 2023 | 88.00 Mn |
| Sep 30, 2023 | 75.00 Mn |
| Jun 30, 2023 | 33.00 Mn |
| Mar 31, 2023 | 29.00 Mn |
| Dec 31, 2022 | 35.00 Mn |
| Sep 30, 2022 | 72.00 Mn |
| Jun 30, 2022 | 108.00 Mn |
| Mar 31, 2022 | 138.00 Mn |
| Dec 31, 2021 | 161.00 Mn |
API Access
Ares Capital Incentive Fees Payable 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=incentive-fees-payable&ticker=ARCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "incentive-fees-payable", "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=incentive-fees-payable&ticker=ARCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();