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
DateValue
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%