Ares Capital (ARCC) Tax Rate (2021 - 2026)
Ares Capital (ARCC) reported Tax Rate of 3.14% for Q1 2026, down 62.0% year-over-year from 8.27% in Q1 2025, and down 67.29% on a QoQ basis from 9.6% in Q4 2025.
Ares Capital (ARCC) has 6 years of Tax Rate data on file, last reported at 3.14% in Q1 2026.
- Quarterly Tax Rate fell 62.0% year-over-year to 3.14% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.27% (up 84.0% YoY) and the FY2025 annual result came in at 6.47%, up 121.0% from the prior year.
- Tax Rate eased to 3.14% in Q1 2026 per ARCC's latest filing, from 9.6% in the prior quarter.
- Across five years, Tax Rate topped out at 11.02% in Q1 2022 and bottomed at 1.1% in Q1 2023.
- The 5-year median for Tax Rate is 5.78% (2024), against an average of 5.83%.
- The widest annual swing landed in 2023, when Tax Rate tumbled 991 bps; it then jumped 470 bps in 2024.
- Tracing ARCC's Tax Rate over 5 years: stood at 7.96% in 2022, then grew by 8 bps to 8.63% in 2023, then sank by 37 bps to 5.41% in 2024, then surged by 78 bps to 9.6% in 2025, then tumbled by 67 bps to 3.14% in 2026.
- Per Business Quant, the three latest ARCC Tax Rate figures stand at 3.14% (Q1 2026), 9.6% (Q4 2025), and 7.86% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 18.16 |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 13.55 |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 40.05 |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 15.80 |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 598.59 |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 21.16 |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 20.02 |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 24.99 |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 19.13 |
| 10 | Ares Capital | 13.69 Bn | 10.94 Bn | - | 3.14 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.14 |
| Mar 31, 2026 | 3.14 |
| Dec 31, 2025 | 9.60 |
| Dec 31, 2025 | 9.60 |
| Sep 30, 2025 | 7.86 |
| Sep 30, 2025 | 7.86 |
| Jun 30, 2025 | 4.94 |
| Jun 30, 2025 | 4.94 |
| Mar 31, 2025 | 3.76 |
| Mar 31, 2025 | 3.76 |
| Dec 31, 2024 | 5.41 |
| Dec 31, 2024 | 5.41 |
| Sep 30, 2024 | 6.74 |
| Sep 30, 2024 | 6.74 |
| Jun 30, 2024 | 5.78 |
| Jun 30, 2024 | 5.78 |
| Mar 31, 2024 | 4.05 |
| Mar 31, 2024 | 4.05 |
| Dec 31, 2023 | 8.63 |
| Dec 31, 2023 | 8.63 |
| Sep 30, 2023 | 2.04 |
| Sep 30, 2023 | 2.04 |
| Jun 30, 2023 | 3.35 |
| Jun 30, 2023 | 3.35 |
| Mar 31, 2023 | 1.10 |
| Mar 31, 2023 | 1.10 |
| Dec 31, 2022 | 7.96 |
| Dec 31, 2022 | 7.96 |
| Sep 30, 2022 | 7.69 |
| Sep 30, 2022 | 7.69 |
| Jun 30, 2022 | 6.02 |
| Jun 30, 2022 | 6.02 |
| Mar 31, 2022 | 11.02 |
| Mar 31, 2022 | 11.02 |
| Dec 31, 2021 | 5.52 |
| Dec 31, 2021 | 5.52 |
| Sep 30, 2021 | 5.26 |
| Sep 30, 2021 | 5.26 |