Ares Capital (ARCC) Operating Expenses (2021 - 2026)

Ares Capital's (ARCC) quarterly Operating Expenses came in at $359.0 million in Q1 2026, little changed year-on-year from $360.0 million in Q1 2025, and down 11.58% on a QoQ basis from $406.0 million in Q4 2025.

Ares Capital (ARCC) Operating Expenses (2021 - 2026) Analysis & Trends

Ares Capital (ARCC) has 6 years of Operating Expenses data on file, last reported at $359.0 million in Q1 2026.

  • On a quarterly basis, Operating Expenses changed 0.28% year-over-year to $359.0 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 5.85% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, up 5.28% from the prior year.
  • Operating Expenses for Q1 2026 stood at $359.0 million, down from $406.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for ARCC reached as high as $433.0 million in Q3 2025 and fell as low as $212.0 million in Q2 2022.
  • Historically, Operating Expenses has averaged $337.9 million across 5 years, with a median of $359.0 million in 2026.
  • Across the five-year window, Operating Expenses dropped 7.11% in 2022 and jumped 54.47% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $273.0 million in 2022, then rose by 29.3% to $353.0 million in 2023, then climbed by 9.63% to $387.0 million in 2024, then increased by 4.91% to $406.0 million in 2025, then fell by 11.58% to $359.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $359.0 million in Q1 2026, $406.0 million in Q4 2025, and $433.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Ares Capital 13.36 Bn 12.86 Bn - 359.00 Mn

Historic Data

Download Data
DateValue
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