Ares Capital (ARCC) Operating Margin (2021 - 2026)
Ares Capital (ARCC) reported Operating Margin of 52.95% for Q1 2026, up 213.0% year-over-year from 16.92% in Q1 2025, and up 8.5% on a QoQ basis from 48.8% in Q4 2025.
Ares Capital (ARCC) has 6 years of Operating Margin data on file, last reported at 52.95% in Q1 2026.
- Quarterly Operating Margin rose 213.0% year-over-year to 52.95% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 48.33% (down 185.0% YoY) and the FY2025 annual result came in at 47.77%, down 159.0% from the prior year.
- Operating Margin advanced to 52.95% in Q1 2026 per ARCC's latest filing, from 48.8% in the prior quarter.
- Across five years, Operating Margin topped out at 57.34% in Q4 2022 and bottomed at 44.58% in Q3 2023.
- The 5-year median for Operating Margin is 50.07% (2023), against an average of 50.34%.
- The widest annual swing landed in 2022, when Operating Margin jumped 1348 bps; it then plunged 1166 bps in 2023.
- Tracing ARCC's Operating Margin over 5 years: stood at 57.34% in 2022, then declined by 13 bps to 50.07% in 2023, then decreased by 2 bps to 49.01% in 2024, then retreated by 0 bps to 48.8% in 2025, then rose by 8 bps to 52.95% in 2026.
- Per Business Quant, the three latest ARCC Operating Margin figures stand at 52.95% (Q1 2026), 48.8% (Q4 2025), and 44.63% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 42.01% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 46.06% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.56% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.44% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | - |
| 10 | Ares Capital | 13.69 Bn | 10.94 Bn | - | 52.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.95% |
| Dec 31, 2025 | 48.80% |
| Sep 30, 2025 | 44.63% |
| Jun 30, 2025 | 46.98% |
| Mar 31, 2025 | 50.82% |
| Dec 31, 2024 | 49.01% |
| Sep 30, 2024 | 48.13% |
| Jun 30, 2024 | 52.85% |
| Mar 31, 2024 | 47.36% |
| Dec 31, 2023 | 50.07% |
| Sep 30, 2023 | 44.58% |
| Jun 30, 2023 | 50.47% |
| Mar 31, 2023 | 51.78% |
| Dec 31, 2022 | 57.34% |
| Sep 30, 2022 | 56.24% |
| Jun 30, 2022 | 55.74% |
| Mar 31, 2022 | 47.95% |
| Dec 31, 2021 | 47.26% |
| Sep 30, 2021 | 42.76% |