Ares Management Corporation SG&A decreased by 17.0% to $240.44M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $227.91M to $240.44M. Over 3 years (FY 2022 to FY 2025), SG&A shows an upward trend with a 12.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.
Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...
Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.
selling_general_and_administrative| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $83.36M | $134.45M | $120.52M | $122.57M | $319.35M | $132.82M | $148.35M | $141.15M | $211.84M | $158.81M | $170.93M | $169.43M | $197.02M | $199.12M | $227.91M | $232.16M | $246.15M | $289.85M | $240.44M |
| QoQ Change | — | +61.3% | -10.4% | +1.7% | +160.6% | -58.4% | +11.7% | -4.8% | +50.1% | -25.0% | +7.6% | -0.9% | +16.3% | +1.1% | +14.5% | +1.9% | +6.0% | +17.8% | -17.0% |
| YoY Change | — | — | — | +47.0% | +137.5% | — | +23.1% | +15.2% | -33.7% | +19.6% | +15.2% | +20.0% | -7.0% | +25.4% | +33.3% | +37.0% | +24.9% | +45.6% | +5.5% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Real Assets Group | — | — | — | — | — | — | $35.79M | $33.92M |
| Secondaries Group | — | — | — | — | — | — | — | $8.63M |
| Other | $1.89M | $1.46M | $1.54M | $1.48M | $2.71M | $2.14M | — | $2.56M |
| Total | $169.43M | $197.02M | $199.12M | $227.91M | $232.16M | $246.15M | $289.85M | $240.44M |
Real Estate Group was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.