Growth Metrics

Ares Management (ARES) Operating Expenses (2016 - 2026)

Ares Management filings provide 13 years of Operating Expenses readings, the most recent being $1.2 billion for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 27.31% to $1.2 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $4.7 billion, a 60.23% increase, with the full-year FY2025 number at $4.7 billion, up 60.23% from a year prior.
  • Operating Expenses hit $1.2 billion in Q4 2025 for Ares Management, down from $1.3 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q3 2025 to a low of $525.1 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $825.5 million (2021), compared with a mean of $830.2 million.
  • Biggest five-year swings in Operating Expenses: soared 540.7% in 2021 and later plummeted 46.05% in 2022.
  • Ares Management's Operating Expenses stood at $1.0 billion in 2021, then plummeted by 34.44% to $686.4 million in 2022, then increased by 12.25% to $770.5 million in 2023, then increased by 27.29% to $980.8 million in 2024, then increased by 27.31% to $1.2 billion in 2025.
  • The last three reported values for Operating Expenses were $1.2 billion (Q4 2025), $1.3 billion (Q3 2025), and $1.1 billion (Q2 2025) per Business Quant data.