Ares Capital (ARCC) Net Investment Income (2009 - 2026)
Ares Capital (ARCC) recorded Net Investment Income of $359 million in Q2 2026, up 5.0% from $342 million a year earlier but down 9.8% from the prior quarter.
Powered by 
Analysis
Ares Capital (ARCC) Net Investment Income (2009 - 2026) Analysis & Trends
On a TTM basis, Ares Capital's Net Investment Income came in at $1.47 billion as of Jun 30, 2026, up 2.4% year-over-year; for FY2025, it was $1.42 billion, down 1.5% from FY2024.
- Annual Net Investment Income has a five-year compound annual growth rate of 12.3% (FY2020 to FY2025).
- Across earlier years, Net Investment Income came in at $1.44 billion in FY2024 (+14.1%), $1.26 billion in FY2023 (+15.2%), $1.09 billion in FY2022 (+47.4%) and $741 million in FY2021 (-6.7%).
- Quarterly Net Investment Income has ranged from $184 million in Q3 2021 to $398 million in Q1 2026 over the past five years.
- On a year-over-year basis, Net Investment Income has increased for three consecutive quarters, with growth averaging 5.0% over the last eight quarters.
- Peak year-over-year performance for Net Investment Income in the last five years was growth of 60.6% in Q1 2023, against a decline of 11.4% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $398 million (Q1 2026), $370 million (Q4 2025) and $338 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NII (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 | 1.86 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 | - | 328.00 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 | 328.00 Mn |
| Jun 30, 2026 | 359.00 Mn |
| Mar 31, 2026 | 398.00 Mn |
| Dec 31, 2025 | 370.00 Mn |
| Sep 30, 2025 | 338.00 Mn |
| Jun 30, 2025 | 342.00 Mn |
| Mar 31, 2025 | 365.00 Mn |
| Dec 31, 2024 | 363.00 Mn |
| Sep 30, 2024 | 361.00 Mn |
| Jun 30, 2024 | 386.00 Mn |
| Mar 31, 2024 | 326.00 Mn |
| Dec 31, 2023 | 345.00 Mn |
| Sep 30, 2023 | 289.00 Mn |
| Jun 30, 2023 | 314.00 Mn |
| Mar 31, 2023 | 318.00 Mn |
| Dec 31, 2022 | 349.00 Mn |
| Sep 30, 2022 | 288.00 Mn |
| Jun 30, 2022 | 257.00 Mn |
| Mar 31, 2022 | 198.00 Mn |
| Dec 31, 2021 | 242.00 Mn |
API Access
Ares Capital Net Investment Income 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=net-investment-income&ticker=ARCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-investment-income", "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=net-investment-income&ticker=ARCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();