Secondaries Group — Operating Expenses
Ares Management Corporation Secondaries Group — Operating Expenses remained flat by 0.0% to $48.95M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 61.4%, from $126.80M to $48.95M. Over 4 years (FY 2021 to FY 2025), Secondaries Group — Operating Expenses shows an upward trend with a 21.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Lower expenses relative to revenue indicate higher operational efficiency, whereas rising expenses may signal scaling efforts or declining cost control.
Detailed definition
This encompasses all costs incurred to manage and operate the Secondaries Group, including compensation, administrative...
Peer comparison
Standard across asset management firms as 'Segment Operating Expenses' or 'Segment SG&A'.
ares_segment_secondaries_group_operating_expensesHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $89.28M | $289.74M | $482.48M | $507.19M | $195.79M |
| YoY Change | — | +224.5% | +66.5% | +5.1% | -61.4% |
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Frequently Asked Questions
- What is Ares Management Corporation's secondaries group — operating expenses?
- Ares Management Corporation (ARES) reported secondaries group — operating expenses of $48.95M in Q4 2025.
- How has Ares Management Corporation's secondaries group — operating expenses changed year-over-year?
- Ares Management Corporation's secondaries group — operating expenses decreased by 61.4% year-over-year, from $126.80M to $48.95M.
- What is the long-term trend for Ares Management Corporation's secondaries group — operating expenses?
- Over 4 years (2021 to 2025), Ares Management Corporation's secondaries group — operating expenses has grown at a 21.7% compound annual growth rate (CAGR), from $89.28M to $195.79M.
- What does secondaries group — operating expenses mean?
- The total costs required to run the operations of the Secondaries Group segment.