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| Date | Value |
|---|---|
| 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 |