Ares Capital (ARCC) Operating Expenses (2021 - 2026)
Ares Capital (ARCC) posted quarterly Operating Expenses of $401.0 million for Q2 2026, up 1.52% year-over-year from $395.0 million in Q2 2025, and up 11.7% quarter-over-quarter from $359.0 million in Q1 2026.
Ares Capital (ARCC) Operating Expenses (2021 - 2026) Analysis & Trends
Ares Capital (ARCC) has reported Operating Expenses for 6 consecutive years, with $401.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 1.52% year-over-year to $401.0 million; the TTM figure through Jun 2026 stood at $1.6 billion (up 3.56% YoY), while the FY2025 annual figure was $1.6 billion, up 5.28% from the prior year.
- Operating Expenses climbed to $401.0 million in Q2 2026 per ARCC's latest filing, from $359.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $433.0 million in Q3 2025 and bottomed at $212.0 million in Q2 2022.
- Historically, Operating Expenses has averaged $341.4 million across 5 years, with a median of $359.5 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses fell 7.11% — and 2023, when it soared 54.47%.
- Ares Capital's Operating Expenses stood at $273.0 million in 2022, then grew by 29.3% to $353.0 million in 2023, then gained by 9.63% to $387.0 million in 2024, then climbed by 4.91% to $406.0 million in 2025, then decreased by 1.23% to $401.0 million in 2026.
- Business Quant data shows ARCC's Operating Expenses at $401.0 million in Q2 2026, $359.0 million in Q1 2026, and $406.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Ares Capital | 14.22 Bn | 13.84 Bn | - | 401.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 401.00 Mn |
| Mar 31, 2026 | 359.00 Mn |
| Dec 31, 2025 | 406.00 Mn |
| Sep 30, 2025 | 433.00 Mn |
| Jun 30, 2025 | 395.00 Mn |
| Mar 31, 2025 | 360.00 Mn |
| Dec 31, 2024 | 387.00 Mn |
| Sep 30, 2024 | 402.00 Mn |
| Jun 30, 2024 | 356.00 Mn |
| Mar 31, 2024 | 369.00 Mn |
| Dec 31, 2023 | 353.00 Mn |
| Sep 30, 2023 | 363.00 Mn |
| Jun 30, 2023 | 314.00 Mn |
| Mar 31, 2023 | 298.00 Mn |
| Dec 31, 2022 | 273.00 Mn |
| Sep 30, 2022 | 235.00 Mn |
| Jun 30, 2022 | 212.00 Mn |
| Mar 31, 2022 | 229.00 Mn |
| Dec 31, 2021 | 279.00 Mn |
| Sep 30, 2021 | 253.00 Mn |