Ares Management (ARES) Operating Expenses (2013 - 2026)

Ares Management has reported Operating Expenses for 14 years, with the latest figure at $1.2 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 15.2% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $4.9 billion (up 42.42% YoY), and the FY2025 full-year result was $4.7 billion, up 60.23% from the prior year.
• Operating Expenses for Q1 2026 stood at $1.2 billion, down from $1.2 billion in the prior quarter.
• The five-year high for Operating Expenses was $1.3 billion in Q3 2025, with the low at $538.5 million in Q1 2024.
• Historically, Operating Expenses has averaged $844.9 million across 5 years, with a median of $837.7 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses slumped 46.05% — and 2025, when it soared 101.5%.
• Ares Management's Operating Expenses stood at $686.4 million in 2022, then rose by 12.25% to $770.5 million in 2023, then climbed by 27.29% to $980.8 million in 2024, then climbed by 27.31% to $1.2 billion in 2025, then slipped by 6.42% to $1.2 billion in 2026.
• The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.2 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.