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

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

• Quarterly Operating Expenses changed 0.28% year-over-year to $359.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 5.85% YoY) and the FY2025 annual result came in at $1.6 billion, up 5.28% from the prior year.
• Operating Expenses eased to $359.0 million in Q1 2026 per ARCC's latest filing, from $406.0 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.
• The 5-year median for Operating Expenses is $359.0 million (2026), against an average of $337.9 million.
• The widest annual swing landed in 2022, when Operating Expenses dropped 7.11%; it then jumped 54.47% in 2023.
• Tracing ARCC's Operating Expenses over 5 years: stood at $273.0 million in 2022, then gained by 29.3% to $353.0 million in 2023, then grew by 9.63% to $387.0 million in 2024, then rose by 4.91% to $406.0 million in 2025, then retreated by 11.58% to $359.0 million in 2026.
• Per Business Quant, the three latest ARCC Operating Expenses figures stand at $359.0 million (Q1 2026), $406.0 million (Q4 2025), and $433.0 million (Q3 2025).

Peer Comparison