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.

• Operating Margin for Q1 2026 came in at 52.95%, up 213.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 48.33% (down 185.0% YoY), and the FY2025 annual result was 47.77%, down 159.0% from the prior year.
• Operating Margin grew to 52.95% in Q1 2026 per ARCC's latest filing, from 48.8% in the prior quarter.
• Over five years, Operating Margin peaked at 57.34% in Q4 2022 and troughed at 44.58% in Q3 2023.
• A 5-year average of 50.34% and a median of 50.07% in 2023 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2022 and 2023: Operating Margin soared 1348 bps in 2022, then slumped 1166 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 57.34% in 2022, then retreated by 13 bps to 50.07% in 2023, then dropped by 2 bps to 49.01% in 2024, then slipped by 0 bps to 48.8% in 2025, then advanced by 8 bps to 52.95% in 2026.
• Business Quant data shows ARCC's Operating Margin at 52.95% in Q1 2026, 48.8% in Q4 2025, and 44.63% in Q3 2025.