Ares Management Corporation Secondaries Group — Compensation and benefits decreased by 19.4% to $20.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $18.37M to $20.50M. Over 3 years (FY 2022 to FY 2025), Secondaries Group — Compensation and benefits shows an upward trend with a 19.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising costs relative to revenue may indicate margin pressure, while stable costs suggest efficient scaling of the workforce.
Includes all salary, bonuses, and benefits paid to employees dedicated to the Secondaries Group segment. This is a prima...
Standard operating expense for all asset managers; peers report this as a major component of operating costs.
ares_segment_secondaries_group_compensation_and_benefits| 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 | $11.96M | $11.64M | $15.13M | $19.19M | $7.78M | $13.41M | $16.62M | $16.07M | $16.06M | $12.71M | $20.83M | $14.43M | $18.32M | $18.37M | $23.07M | $24.95M | $25.44M | $20.50M |
| QoQ Change | — | -2.6% | +30.0% | +26.8% | -59.5% | +72.4% | +23.9% | -3.4% | -0.0% | -20.8% | +63.8% | -30.7% | +26.9% | +0.3% | +25.6% | +8.2% | +2.0% | -19.4% |
| YoY Change | — | — | — | +60.5% | — | +15.2% | +9.8% | -16.3% | +106.4% | -5.2% | +25.3% | -10.2% | +14.1% | +44.5% | +10.8% | +72.9% | +38.9% | +11.6% |