Ares Management (ARES) Shares Outstanding (2014 - 2026)
Ares Management's Shares Outstanding came in at 226.3 million for Q2 2026, up 3.4% from 218.92 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Ares Management (ARES) Shares Outstanding (2014 - 2026) Analysis & Trends
For FY2025, Ares Management's Shares Outstanding was 217.36 million, up 9.7% from FY2024.
- Shares Outstanding has increased in each of the last 11 years, with a five-year compound annual growth rate of 10.0% (FY2020 to FY2025).
- Going back by year, Shares Outstanding was 198.05 million in FY2024 (+7.3%), 184.52 million in FY2023 (+5.1%), 175.51 million in FY2022 (+7.2%) and 163.7 million in FY2021 (+21.2%).
- The Q2 2026 figure represents the highest quarterly Shares Outstanding since Q3 2023.
- Year-over-year, Shares Outstanding has increased for seven consecutive quarters, with growth averaging 1.4% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding over five years came in Q1 2022 (growth of 133.4%), and the weakest in Q1 2023 (a decline of 48.6%).
- Business Quant data shows ARES's Shares Outstanding at 224.03 million (Q1 2026), 217.36 million (Q4 2025) and 219.88 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.19 Bn | 124.32 Bn | - | 155.20 Mn |
| 2 | Spdr Gold Trust | 137.10 Bn | -420.90 Bn | - | 361.94 Mn |
| 3 | Blackstone | 87.94 Bn | 77.92 Bn | - | 799.88 Mn |
| 4 | Brookfield | 84.29 Bn | -99.03 Bn | - | 2.25 Bn |
| 5 | Kkr | 80.45 Bn | 600.79 Mn | - | 895.59 Mn |
| 6 | Brookfield Asset Management | 73.60 Bn | 68.41 Bn | - | 1.60 Bn |
| 7 | Apollo Global Management | 66.12 Bn | -16.68 Bn | 10.56 Bn | 591.80 Mn |
| 8 | Wheaton Precious Metals | 59.86 Bn | 55.29 Bn | 687.86 Mn | 453.89 Mn |
| 9 | Franco Nevada | 46.95 Bn | 44.31 Bn | 451.00 Mn | 192.70 Mn |
| 10 | Ares Management | 26.50 Bn | 20.27 Bn | - | 226.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 226.30 Mn |
| Mar 31, 2026 | 224.03 Mn |
| Dec 31, 2025 | 217.36 Mn |
| Sep 30, 2025 | 219.88 Mn |
| Jun 30, 2025 | 218.92 Mn |
| Mar 31, 2025 | 209.35 Mn |
| Dec 31, 2024 | 198.05 Mn |
| Sep 30, 2024 | 200.72 Mn |
| Jun 30, 2024 | 196.19 Mn |
| Mar 31, 2024 | 192.62 Mn |
| Dec 31, 2023 | 184.52 Mn |
| Sep 30, 2023 | 372.44 Mn |
| Jun 30, 2023 | 366.00 Mn |
| Mar 31, 2023 | 178.98 Mn |
| Dec 31, 2022 | 175.51 Mn |
| Sep 30, 2022 | 175.63 Mn |
| Jun 30, 2022 | 350.32 Mn |
| Mar 31, 2022 | 348.43 Mn |
| Dec 31, 2021 | 163.70 Mn |
| Sep 30, 2021 | 168.93 Mn |
API Access
Ares Management Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=ARES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "ARES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=ARES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();