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

Ares Capital (ARCC) has 6 years of Operating Margin data on file, last reported at 52.95% in Q1 2026.

• On a quarterly basis, Operating Margin rose 213.0% year-over-year to 52.95% in Q1 2026; TTM through Mar 2026 was 47.16%, a 229.0% decrease from a year earlier, with the FY2025 full-year figure at 46.36%, down 166.0% from the prior year.
• Operating Margin for Q1 2026 stood at 52.95%, up from 46.66% in the prior quarter.
• Over the last five years, Operating Margin for ARCC reached as high as 56.24% in Q3 2022 and fell as low as 43.22% in Q3 2025.
• Historically, Operating Margin has averaged 49.2% across 5 years, with a median of 48.8% in 2023.
• Across the five-year window, Operating Margin jumped 1461 bps in 2022 and slumped 1212 bps in 2023, its largest moves.
• Year by year, Operating Margin stood at 54.53% in 2022, then declined by 11 bps to 48.8% in 2023, then declined by 2 bps to 47.83% in 2024, then dropped by 2 bps to 46.66% in 2025, then increased by 13 bps to 52.95% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 52.95% in Q1 2026, 46.66% in Q4 2025, and 43.22% in Q3 2025.