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

Ares Management's Operating Expenses history runs 14 years deep, the most recent figure standing at $1.2 billion for Q1 2026.

• Quarterly Operating Expenses rose 15.2% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.9 billion (up 42.42% YoY) and the FY2025 annual result came in at $4.7 billion, up 60.23% from the prior year.
• Operating Expenses was $1.2 billion for Q1 2026 at Ares Management, 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.
• A 5-year average of $844.9 million and a median of $837.7 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses sank 46.05% — and 2025, when it soared 101.5%.
• Ares Management's Operating Expenses stood at $686.4 million in 2022, then advanced 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, then declined by 6.42% to $1.2 billion in 2026.
• Business Quant data shows ARES's Operating Expenses at $1.2 billion in Q1 2026, $1.2 billion in Q4 2025, and $1.3 billion in Q3 2025.