Ares Management (ARES) Tax Rate (2013 - 2026)
Ares Management's Tax Rate came in at 18.91% for Q2 2026, down 2.34 percentage points from 21.24% a year earlier and down 0.22 percentage points from the prior quarter.
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Analysis
Ares Management (ARES) Tax Rate (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Ares Management reported Tax Rate of 16.23%, up 1.10 percentage points year-over-year; for FY2025, it came in at 15.43%, up 2.52 percentage points from FY2024.
- Tax Rate carries a five-year change of +0.94 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 12.91% in FY2024 (-0.07 pp), 12.98% in FY2023 (-1.10 pp), 14.07% in FY2022 (+0.24 pp) and 13.83% in FY2021 (-0.66 pp).
- The five-year range for quarterly Tax Rate is 3.94% (Q4 2025) to 21.24% (Q2 2025).
- Year-over-year, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +1.11 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q2 2025 (a gain of 8.30 percentage points), and the weakest in Q4 2025 (a drop of 8.53 percentage points).
- Business Quant data shows ARES's Tax Rate at 19.13% (Q1 2026), 3.94% (Q4 2025) and 17.15% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 24.90% |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 16.11% |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | 17.91% |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 12.14% |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 15.94% |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 15.06% |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 23.17% |
| 10 | Ares Management | 41.83 Bn | 46.75 Bn | - | 18.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.91% |
| Mar 31, 2026 | 19.13% |
| Dec 31, 2025 | 3.94% |
| Sep 30, 2025 | 17.15% |
| Jun 30, 2025 | 21.24% |
| Mar 31, 2025 | 12.43% |
| Dec 31, 2024 | 12.47% |
| Sep 30, 2024 | 14.20% |
| Jun 30, 2024 | 12.94% |
| Mar 31, 2024 | 11.79% |
| Dec 31, 2023 | 12.33% |
| Sep 30, 2023 | 13.18% |
| Jun 30, 2023 | 13.02% |
| Mar 31, 2023 | 14.02% |
| Dec 31, 2022 | 14.47% |
| Jun 30, 2022 | 20.13% |
| Mar 31, 2022 | 12.65% |
| Dec 31, 2021 | 13.88% |
| Sep 30, 2021 | 12.27% |
| Jun 30, 2021 | 15.17% |
API Access
Ares Management Tax Rate 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=tax-rate&ticker=ARES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=ARES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();