What does secondaries group — income tax mean?

This represents the tax obligations attributable to the earnings of the Secondaries Group segment. It reflects the impact of jurisdictional tax laws on the segment's pre-tax profitability.

Ares Management Corporation ARES Secondaries Group — Income Tax

Other segment segments

Real Assets Group

$26.42M+183%

Credit Group

$10M+70.0%

Private Equity Group

$752K-97.3%

Other

$0—

Similar metrics at other companies

NWN

NWNOther — Income tax expense (benefit)

-$2.71M+27.1%

MDUOther — Income taxes

-$7.54M-47.1%

MSGSSingle Operating Segment — Income Tax

$6.69M-81.9%

INSPOperating Segment — Income Tax

$13.69M+1,073%

SRPTAll Other Segments — Income Tax

$2.8M-56.2%

HMNCorporate & Other — Income Tax

-$3.1M-158%

Other financials

Income statement

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Revenue$1.4B+28.3%

Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%

Total debt$730.1M+6.4%

Total equity$4.0B-9.6%

Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$24.61B-33.7%

Enterprise value$24.77B-33.5%

P/E39.5×-37.8×

P/S4.2×-3.5×

Profitability

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Net margin10.5%+0.3pp

FCF margin-161.4%—

Returns & leverage

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Return on equity14.7%+0.6pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Ares Management Corporation’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Management Corporation's secondaries group — income tax?: Ares Management Corporation (ARES) reported secondaries group — income tax of $0 in Q4 2025.
What does secondaries group — income tax mean?: This represents the tax obligations attributable to the earnings of the Secondaries Group segment. It reflects the impact of jurisdictional tax laws on the segment's pre-tax profitability.