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

Ares Management (ARES) has 14 years of Operating Expenses data on file, last reported 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.
• Across five years, Operating Expenses topped out at $1.3 billion in Q3 2025 and bottomed at $538.5 million in Q1 2024.
• The 5-year median for Operating Expenses is $837.7 million (2023), against an average of $844.9 million.
• The widest annual swing landed in 2022, when Operating Expenses plunged 46.05%; it then soared 101.5% in 2025.
• A 5-year view of Operating Expenses shows it stood at $686.4 million in 2022, then gained by 12.25% to $770.5 million in 2023, then grew by 27.29% to $980.8 million in 2024, then grew by 27.31% to $1.2 billion in 2025, then dropped 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.

Peer Comparison