Ares Management (ARES) Accumulated Expenses (2013 - 2026)
Ares Management's (ARES) quarterly Accumulated Expenses came in at $635.2 million in Q2 2026, up 44.95% on a YoY basis from $438.2 million in Q2 2025, and up 50.32% quarter-over-quarter from $422.5 million in Q1 2026.
Analysis
Ares Management (ARES) Accumulated Expenses (2013 - 2026) Analysis & Trends
Ares Management (ARES) has reported Accumulated Expenses for 14 consecutive years, with $635.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Accumulated Expenses rose 44.95% year-over-year to $635.2 million; the trailing twelve-month figure through Jun 2026 stood at $635.2 million (up 44.95% YoY), and the FY2025 full-year result was $473.0 million, up 68.38% from the prior year.
- Accumulated Expenses advanced to $635.2 million in Q2 2026 per ARES's latest filing, from $422.5 million in the prior quarter.
- Across five years, Accumulated Expenses topped out at $656.7 million in Q3 2025 and bottomed at $214.1 million in Q1 2023.
- Historically, Accumulated Expenses has averaged $390.6 million across 5 years, with a median of $381.0 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Accumulated Expenses jumped 217.53% in 2022, then tumbled 43.69% in 2023.
- Over 5 years, Accumulated Expenses stood at $510.1 million in 2022, then sank by 43.69% to $287.3 million in 2023, then fell by 2.22% to $280.9 million in 2024, then soared by 68.38% to $473.0 million in 2025, then soared by 34.29% to $635.2 million in 2026.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $635.2 million, $422.5 million, and $473.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Blackstone | 96.72 Bn | 99.15 Bn | - |
| 2 | Kkr | 90.68 Bn | -186.39 Bn | - |
| 3 | Brookfield | 85.87 Bn | 55.31 Bn | 19.38 Bn |
| 4 | Brookfield Asset Management | 75.45 Bn | 75.19 Bn | - |
| 5 | Apollo Global Management | 74.29 Bn | 69.40 Bn | 10.54 Bn |
| 6 | Wheaton Precious Metals | 69.98 Bn | 69.88 Bn | 687.86 Mn |
| 7 | Franco Nevada | 51.32 Bn | 49.78 Bn | 451.00 Mn |
| 8 | Ares Management | 47.41 Bn | 52.33 Bn | - |
| 9 | Tpg | 18.64 Bn | 20.20 Bn | - |
| 10 | Blue Owl Capital | 16.46 Bn | 19.91 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 635.16 Mn |
| Mar 31, 2026 | 422.52 Mn |
| Dec 31, 2025 | 472.98 Mn |
| Sep 30, 2025 | 656.74 Mn |
| Jun 30, 2025 | 438.20 Mn |
| Mar 31, 2025 | 300.76 Mn |
| Dec 31, 2024 | 280.89 Mn |
| Sep 30, 2024 | 401.04 Mn |
| Jun 30, 2024 | 296.78 Mn |
| Mar 31, 2024 | 217.79 Mn |
| Dec 31, 2023 | 287.26 Mn |
| Sep 30, 2023 | 361.02 Mn |
| Jun 30, 2023 | 250.79 Mn |
| Mar 31, 2023 | 214.14 Mn |
| Dec 31, 2022 | 510.13 Mn |
| Sep 30, 2022 | 595.33 Mn |
| Jun 30, 2022 | 404.82 Mn |
| Mar 31, 2022 | 285.11 Mn |
| Dec 31, 2021 | 310.22 Mn |
| Sep 30, 2021 | 309.57 Mn |