Ares Management (ARES) Tax Rate (2013 - 2026)
Ares Management (ARES) reported Tax Rate of 19.13% for Q1 2026, up 670.0% on a YoY basis from 2.48% in Q1 2025, and up 385.25% quarter-over-quarter from 3.94% in Q4 2025.
Ares Management (ARES) Tax Rate (2013 - 2026) Analysis & Trends
Ares Management has reported Tax Rate for 14 years, with the latest figure at 19.13% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 670.0% year-over-year to 19.13%; the trailing twelve-month figure through Mar 2026 stood at 16.51% (up 344.0% YoY), and the FY2025 full-year result was 15.43%, up 252.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.13%, up from 3.94% in the prior quarter.
- The five-year high for Tax Rate was 21.24% in Q2 2025, with the low at 3.94% in Q4 2025.
- Historically, Tax Rate has averaged 14.37% across 5 years, with a median of 13.18% in 2023.
- The largest YoY upside for Tax Rate was 830 bps in 2025 against a maximum downside of 853 bps in 2025.
- Ares Management's Tax Rate stood at 14.47% in 2022, then fell by 15 bps to 12.33% in 2023, then gained by 1 bps to 12.47% in 2024, then plunged by 68 bps to 3.94% in 2025, then surged by 385 bps to 19.13% in 2026.
- The last three Tax Rate figures came in at 19.13% (Q1 2026), 3.94% (Q4 2025), and 17.15% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 18.16 |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 13.55 |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 40.05 |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 598.59 |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 21.16 |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 20.02 |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 24.99 |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 19.13 |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 14.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.13% |
| Mar 31, 2026 | 19.13% |
| Dec 31, 2025 | 3.94% |
| Dec 31, 2025 | 3.94% |
| Sep 30, 2025 | 17.15% |
| Sep 30, 2025 | 17.15% |
| Jun 30, 2025 | 21.24% |
| Jun 30, 2025 | 21.24% |
| Mar 31, 2025 | 12.43% |
| Mar 31, 2025 | 12.43% |
| Dec 31, 2024 | 12.47% |
| Dec 31, 2024 | 12.47% |
| Sep 30, 2024 | 14.20% |
| Sep 30, 2024 | 14.20% |
| Jun 30, 2024 | 12.94% |
| Jun 30, 2024 | 12.94% |
| Mar 31, 2024 | 11.79% |
| Mar 31, 2024 | 11.79% |
| Dec 31, 2023 | 12.33% |
| Dec 31, 2023 | 12.33% |