Ares Management Corporation ARES Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Realized Income (Loss) by Business | ||||||
| Credit Group | $2.06B+5.7% | $1.95B+4.3% | $1.87B+4.5% | $1.79B+1.5% | $1.76B+4.5% | |
| Other | $2.12M-86.3% | $15.42M+14.3% | $13.49M-15.6% | $15.98M-58.9% | $38.85M+39.6% | |
| Private Equity Group | $47.93M+21.2% | $39.54M-21.7% | $50.51M-4.0% | $52.64M+2.9% | $51.17M-2.5% | |
| Real Assets Group | $465.23M+5.2% | $442.05M+19.4% | $370.16M+16.2% | $318.45M+21.6% | $261.87M+20.0% | |
| Secondaries Group | $216.83M+6.7% | $203.3M+4.1% | $195.33M+34.4% | $145.29M+18.0% | $123.12M+21.9% | |
| Operating Income (Loss) by Business | ||||||
| Credit Group | $1.89B+3.8% | $1.82B+3.5% | $1.76B+4.7% | $1.68B+3.6% | $1.62B+3.6% | |
| Other | $29.35M+7.1% | $27.4M+18.8% | $23.07M+17.9% | $19.56M+8.1% | $18.09M+15.3% | |
| Private Equity Group | $58.87M+0.9% | $58.32M+13.4% | $51.44M-6.3% | $54.87M-7.7% | $59.48M-1.8% | |
| Real Assets Group | $522.35M+12.4% | $464.66M+25.1% | $371.44M+23.0% | $301.87M+25.8% | $239.87M+13.1% | |
| Secondaries Group | $222.46M+6.7% | $208.41M+2.0% | $204.33M+29.3% | $158.05M+12.0% | $141.15M+11.9% | |
| Performance Fees Net by Business | ||||||
| Credit Group | $170.73M+34.9% | $126.6M+18.5% | $106.86M+5.2% | $101.58M-22.0% | $130.23M+10.0% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Private Equity Group | $14.82M+42.4% | $10.41M-30.8% | $15.05M+4.5% | $14.4M+58.2% | $9.1M+30.7% | |
| Real Assets Group | $17.7M-44.6% | $31.93M-6.5% | $34.14M-14.1% | $39.74M-0.8% | $40.08M+74.0% | |
| Secondaries Group | $71K0.0% | $71K0.0% | $71K— | $0-100% | $471K0.0% | |
| Investment Income (Loss) Net by Business | ||||||
| Other | -$27.23M-127% | -$11.98M— | —— | —— | —— | |
| Private Equity Group | -$25.77M+11.7% | -$29.19M-82.7% | -$15.98M+3.9% | -$16.63M+4.5% | -$17.41M-16.0% | |
| Real Assets Group | -$74.82M-37.2% | -$54.54M-47.4% | -$37.01M-49.5% | -$24.76M-25.8% | -$19.67M-6.2% | |
| Secondaries Group | -$5.7M-10.1% | -$5.18M+42.9% | -$9.07M+28.9% | -$12.76M+31.1% | -$18.5M+27.8% | |
| Investment income (loss)—realized by Business | ||||||
| Credit Group | $12.97M-9.5% | $14.32M-3.5% | $14.84M-23.8% | $19.48M-21.4% | $24.77M+17.1% | |
| Other | $8.09M-4.0% | $8.43M+34.9% | $6.24M-28.2% | $8.7M-15.1% | $10.25M+5.5% | |
| Private Equity Group | -$10.98M+29.9% | -$15.66M-408% | -$3.08M-0.4% | -$3.07M-3.1% | -$2.97M-254% | |
| Real Assets Group | $28.88M-7.9% | $31.36M+2.3% | $30.65M+27.9% | $23.97M+130% | $10.43M+101% | |
| Secondaries Group | $1.68M+1.9% | $1.65M-35.5% | $2.55M+6.0% | $2.41M-4.4% | $2.52M-1.9% | |
| Performance income—realized by Business | ||||||
| Credit Group | $496.01M+29.2% | $383.89M+27.8% | $300.45M+4.6% | $287.21M-21.0% | $363.55M+11.4% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Private Equity Group | $72.03M+69.9% | $42.4M-42.7% | $74M+4.6% | $70.73M+51.8% | $46.59M+7.6% | |
| Real Assets Group | $46.17M-53.7% | $99.81M-6.0% | $106.18M-11.8% | $120.42M-1.3% | $121.95M+102% | |
| Secondaries Group | $177K0.0% | $177K0.0% | $177K— | $0-100% | $361K0.0% | |
| Investment Income, Investment Expense by Business | ||||||
| Credit Group | $17.09M-14.7% | $20.04M-16.3% | $23.95M-4.5% | $25.09M-13.0% | $28.84M-7.8% | |
| Other | $38.12M+9.2% | $34.9M+2.8% | $33.96M+5.2% | $32.29M-0.1% | $32.33M-2.5% | |
| Private Equity Group | $14.79M-4.9% | $15.56M-7.8% | $16.88M-3.8% | $17.55M-4.7% | $18.42M-2.5% | |
| Real Assets Group | $108.16M+16.6% | $92.79M+23.6% | $75.1M+37.1% | $54.77M+43.8% | $38.07M+27.9% | |
| Secondaries Group | $7.61M-4.8% | $8M-41.1% | $13.58M-20.4% | $17.07M-25.5% | $22.92M-21.3% | |
| Total performance related compensation—realized by Business | ||||||
| Credit Group | $325.28M+26.4% | $257.29M+32.9% | $193.59M+4.3% | $185.62M-20.4% | $233.32M+12.3% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Private Equity Group | $57.21M+78.8% | $31.99M-45.7% | $58.96M+4.6% | $56.34M+50.3% | $37.49M+3.2% | |
| Real Assets Group | $28.48M-58.1% | $67.88M-5.8% | $72.04M-10.7% | $80.68M-1.4% | $81.86M+120% | |
| Secondaries Group | $106K0.0% | $106K0.0% | $106K— | $0+100% | -$110K0.0% | |
| Interest Income by Business | ||||||
| Credit Group | $3.12M-53.5% | $6.7M-44.5% | $12.08M-5.4% | $12.77M-4.1% | $13.32M+14.2% | |
| Other | $2.8M-80.7% | $14.49M-21.2% | $18.39M-9.2% | $20.26M-53.0% | $43.09M+20.3% | |
| Private Equity Group | $3K-99.9% | $2.03M-49.1% | $3.98M-0.1% | $3.98M-0.1% | $3.99M+102% | |
| Real Assets Group | $4.46M-35.3% | $6.9M-23.6% | $9.03M+18.3% | $7.63M-20.2% | $9.57M+25.1% | |
| Secondaries Group | $238K-79.8% | $1.18M-39.9% | $1.96M+2.5% | $1.91M+0.1% | $1.91M+96.1% | |
| Acquisitions by Business | ||||||
| Credit Group | $0— | $0— | $0— | $0— | $0— | |
| Secondaries Group | $0— | $0— | $0— | $0— | $0— | |
| Compensation and benefits by Business | ||||||
| Credit Group | $800.48M+1.5% | $788.99M+2.1% | $772.48M+4.4% | $739.75M+2.4% | $722.21M+4.3% | |
| Other | $26.97M+3.5% | $26.07M-4.6% | $27.33M+12.3% | $24.32M+6.0% | $22.95M+6.8% | |
| Private Equity Group | $60.65M-0.1% | $60.7M+0.4% | $60.47M+3.2% | $58.6M+4.9% | $55.88M-1.7% | |
| Real Assets Group | $339.01M+7.4% | $315.62M+19.8% | $263.46M+19.6% | $220.31M+23.0% | $179.14M+11.7% | |
| Secondaries Group | $93.96M+2.3% | $91.83M+8.4% | $84.71M+14.2% | $74.19M+3.1% | $71.95M+8.5% | |
| General, administrative and other expenses by Business | ||||||
| Credit Group | $189.16M+5.8% | $178.86M+0.6% | $177.71M+3.2% | $172.25M+2.2% | $168.55M+4.1% | |
| Other | $10.1M+12.0% | $9.02M+14.6% | $7.87M+9.5% | $7.19M+12.8% | $6.38M-3.1% | |
| Private Equity Group | $22.7M+3.3% | $21.98M+5.3% | $20.88M+1.5% | $20.56M+0.3% | $20.49M-4.5% | |
| Real Assets Group | $127.92M+11.4% | $114.85M+24.9% | $91.97M+17.0% | $78.58M+24.4% | $63.17M+11.3% | |
| Secondaries Group | $38.07M+0.4% | $37.92M+6.4% | $35.63M+3.4% | $34.47M+3.5% | $33.29M-1.8% | |
| Foreign currency translation by Business | ||||||
| Credit Group | $530K-71.9% | $1.89M+509% | -$461K-152% | $890K— | —— | |
| Goodwill by Business | ||||||
| Credit Group | $1.25B0.0% | $1.25B+0.1% | $1.25B0.0% | $1.25B+0.1% | $1.25B+0.1% | |
| Private Equity Group | $485.63M0.0% | $485.63M0.0% | $485.63M+0.8% | $481.71M+0.8% | $477.75M+0.8% | |
| Real Assets Group | $10.38B-0.3% | $10.42B+28.2% | $8.13B+39.5% | $5.83B+65.2% | $3.53B+203% | |
| Secondaries Group | $1.67B0.0% | $1.67B0.0% | $1.67B0.0% | $1.67B0.0% | $1.67B0.0% | |
| Total revenues by Product | ||||||
| Administrative, transaction and other fees | $406.17M+10.9% | $366.11M+19.9% | $305.26M+26.3% | $241.74M+30.8% | $184.76M+13.1% | |
| Carried interest | $1.18B-0.2% | $1.19B+1.0% | $1.17B+19.9% | $979.05M+64.0% | $597.14M+49.5% | |
| Incentive fees | $494.59M+35.6% | $364.72M-8.0% | $396.51M+15.1% | $344.48M-6.6% | $368.87M+6.8% | |
| Management fees | $3.91B+4.9% | $3.73B+6.2% | $3.51B+6.5% | $3.29B+5.6% | $3.12B+4.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Ares Management Corporation break its business down?
- Ares Management Corporation (ARES) reports net income (loss), including portion attributable to noncontrolling interest by business across 5 parts — Credit Group, Other, Private Equity Group, Real Assets Group and Secondaries Group. Each is extracted from the segment footnotes and tracked over time.
- Where does Ares Management Corporation's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Ares Management Corporation's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
