Ares Capital (ARCC) Total Expenses (2009 - 2026)
Ares Capital (ARCC) reported Operating Expenses of $401 million for Q2 2026, up 1.5% from $395 million a year earlier and up 11.7% from the prior quarter.
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Analysis
Ares Capital (ARCC) Total Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ares Capital's Operating Expenses came in at $1.6 billion, up 3.6% year-over-year; for FY2025, it was $1.59 billion, up 5.3% from FY2024.
- Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 18.0% (FY2020 to FY2025).
- By year, Operating Expenses came in at $1.51 billion in FY2024 (+14.0%), $1.33 billion in FY2023 (+39.9%), $949 million in FY2022 (-9.6%) and $1.05 billion in FY2021 (+50.4%).
- Five-year quarterly Operating Expenses spans a low of $212 million in Q2 2022 and a high of $433 million in Q3 2025.
- Year over year, Operating Expenses gained in six of the last eight quarters, with growth averaging 5.7%.
- The high point for year-over-year Operating Expenses in five years was Q3 2023 (growth of 54.5%); the low point was Q3 2022 (a decline of 7.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $359 million (Q1 2026), $406 million (Q4 2025) and $433 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Federal Home Loan Mortgage | 12.64 Bn | -328.33 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 429.00 Mn |
| Jun 30, 2026 | 401.00 Mn |
| Mar 31, 2026 | 359.00 Mn |
| Dec 31, 2025 | -570.00 Mn |
| Sep 30, 2025 | 433.00 Mn |
| Jun 30, 2025 | 395.00 Mn |
| Mar 31, 2025 | 360.00 Mn |
| Dec 31, 2024 | -445.00 Mn |
| Sep 30, 2024 | 402.00 Mn |
| Jun 30, 2024 | 356.00 Mn |
| Mar 31, 2024 | 369.00 Mn |
| Dec 31, 2023 | -257.00 Mn |
| Sep 30, 2023 | 363.00 Mn |
| Jun 30, 2023 | 314.00 Mn |
| Mar 31, 2023 | 298.00 Mn |
| Dec 31, 2022 | 168.00 Mn |
| Sep 30, 2022 | 223.00 Mn |
| Jun 30, 2022 | 212.00 Mn |
| Mar 31, 2022 | 229.00 Mn |
| Dec 31, 2021 | -610.00 Mn |
API Access
Ares Capital Total Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-expenses&ticker=ARCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-expenses", "ticker": "ARCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-expenses&ticker=ARCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();