Ares Management Corporation ARES Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Realized Income (Loss) by Business | ||||||
| Credit Group | $542.92M+25.7% | $610.29M+15.1% | $474.57M+20.6% | $435.49M+6.7% | $431.94M+21.3% | |
| Other | -$2.54M-124% | $5.34M+56.7% | -$29K-101% | -$657K-103% | $10.77M+4,210% | |
| Private Equity Group | $18.61M+82.0% | $5.87M-65.1% | $10.58M-16.8% | $12.86M+12.9% | $10.23M-11.5% | |
| Real Assets Group | $110.77M+26.5% | $144.76M+98.7% | $112.05M+85.7% | $97.65M+138% | $87.6M+99.4% | |
| Secondaries Group | $53.2M+34.1% | $42.6M+23.0% | $72.32M+225% | $48.72M+83.5% | $39.67M+126% | |
| Operating Income (Loss) by Business | ||||||
| Credit Group | $477.44M+16.8% | $521.2M+13.6% | $468.61M+20.6% | $426.31M+15.8% | $408.59M+15.9% | |
| Other | $6.41M+43.5% | $11.88M+57.5% | $6.29M+126% | $4.76M+44.5% | $4.47M+117% | |
| Private Equity Group | $14.86M+3.8% | $21.06M+48.5% | $13.11M-20.8% | $9.85M-31.9% | $14.31M-6.9% | |
| Real Assets Group | $131.97M+77.7% | $150.65M+162% | $126.09M+123% | $113.65M+120% | $74.28M+59.7% | |
| Secondaries Group | $54.63M+34.6% | $43.25M+10.4% | $74.03M+167% | $50.54M+50.2% | $40.58M+58.5% | |
| Performance Fees Net by Business | ||||||
| Credit Group | $63.98M+222% | $90.06M+28.1% | $8.02M+192% | $8.67M-76.8% | $19.85M+147% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Private Equity Group | $7.09M+165% | $531K-89.7% | $745K+684% | $6.45M+457% | $2.68M+393% | |
| Real Assets Group | $4.26M-77.0% | $11.64M-15.9% | $431K-92.9% | $1.36M-19.9% | $18.5M+1,177% | |
| Secondaries Group | $0— | $0— | $71K— | $0-100% | $0— | |
| Investment Income (Loss) Net by Business | ||||||
| Credit Group | $1.5M-57.0% | —— | -$2.05M-196% | $517K-80.2% | $3.49M+183% | |
| Other | -$8.95M-242% | -$6.54M— | -$6.32M-1,876% | -$5.42M-129% | $6.3M+371% | |
| Private Equity Group | -$3.34M+50.6% | -$15.72M-527% | -$3.27M+16.6% | -$3.44M+18.5% | -$6.76M-55.1% | |
| Real Assets Group | -$25.46M-391% | -$17.53M— | -$14.47M-553% | -$17.36M-41.4% | -$5.18M-28.6% | |
| Secondaries Group | -$1.44M-57.2% | -$655K+85.6% | -$1.79M+67.3% | -$1.82M+75.9% | -$913K+88.6% | |
| Investment income (loss)—realized by Business | ||||||
| Credit Group | $4.02M-25.2% | $2.75M-15.9% | $2.1M-68.9% | $4.1M-56.4% | $5.38M+205% | |
| Other | $2.19M-13.3% | $2.18M— | $1.61M-60.5% | $2.11M-42.3% | $2.53M+26.5% | |
| Private Equity Group | $78K+102% | -$11.94M-1,965% | $513K-2.5% | $369K-20.1% | -$4.6M-1,644% | |
| Real Assets Group | $5.45M-31.2% | $6.48M+12.2% | $10.42M+179% | $6.54M+193% | $7.92M+196% | |
| Secondaries Group | $169K+22.5% | $1.27M-41.7% | $221K+191% | $17K-86.6% | $138K-26.2% | |
| Performance income—realized by Business | ||||||
| Credit Group | $166.23M+207% | $288.43M+40.7% | $19.44M+214% | $21.92M-77.7% | $54.11M+223% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Private Equity Group | $35.66M+491% | $2.67M-92.2% | $3.74M+688% | $29.96M+415% | $6.03M+120% | |
| Real Assets Group | $11.66M-82.1% | $29.63M-17.7% | $1.2M-92.2% | $3.68M-29.3% | $65.31M+1,676% | |
| Secondaries Group | $0— | $0— | $177K— | $0-100% | $0— | |
| Investment Income, Investment Expense by Business | ||||||
| Credit Group | $3.36M-46.8% | $4.3M-47.6% | $4.72M-19.4% | $4.71M-44.3% | $6.31M-27.9% | |
| Other | $11.14M+40.7% | $9.17M+11.4% | $9.2M+22.2% | $8.61M-0.4% | $7.92M-9.3% | |
| Private Equity Group | $3.42M-18.3% | $3.78M-26.0% | $3.79M-15.0% | $3.81M-18.7% | $4.18M-10.3% | |
| Real Assets Group | $31.09M+97.8% | $25.98M+213% | $26.52M+328% | $24.57M+212% | $15.72M+112% | |
| Secondaries Group | $1.62M-19.2% | $2.05M-73.1% | $2.08M-62.7% | $1.86M-75.9% | $2.01M-75.6% | |
| Total performance related compensation—realized by Business | ||||||
| Credit Group | $102.25M+198% | $198.36M+47.3% | $11.42M+231% | $13.25M-78.3% | $34.26M+292% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Private Equity Group | $28.56M+752% | $2.14M-92.7% | $3M+689% | $23.51M+404% | $3.35M+52.7% | |
| Real Assets Group | $7.4M-84.2% | $17.99M-18.8% | $769K-91.8% | $2.32M-33.9% | $46.81M+2,001% | |
| Secondaries Group | $0— | $0— | $106K— | $0+100% | $0— | |
| Interest Income by Business | ||||||
| Credit Group | $832K-81.2% | $572K-90.4% | $577K-54.4% | $1.14M-32.7% | $4.42M+59.7% | |
| Other | $0-100% | $445K-89.7% | $1.27M-59.6% | $1.09M-95.5% | $11.69M+165% | |
| Private Equity Group | $0-100% | $1K-99.9% | $1K-75.0% | $1K-66.7% | $2.02M+33,600% | |
| Real Assets Group | $184K-93.0% | $1.97M-51.9% | $1.64M+569% | $665K-74.4% | $2.62M+274% | |
| Secondaries Group | $19K-98.0% | $128K-85.9% | $68K+240% | $23K+9.5% | $957K+4,061% | |
| Acquisitions by Business | ||||||
| Credit Group | $0— | $0— | $0— | $0— | $0— | |
| Private Equity Group | $0— | —— | —— | —— | $0-100% | |
| Real Assets Group | $10.36M-99.5% | $15.75M-44.5% | —— | —— | $2.3B+34,143% | |
| Secondaries Group | $0— | $0— | $0— | $0— | $0— | |
| Compensation and benefits by Business | ||||||
| Credit Group | $176.24M+7.0% | $251.33M+7.0% | $212.71M+18.2% | $160.21M+12.3% | $164.75M+22.2% | |
| Other | $7.96M+12.8% | $2.29M-35.5% | $10.25M+41.4% | $6.47M+26.9% | $7.06M+26.3% | |
| Private Equity Group | $13.78M-0.3% | $14.32M+1.6% | $15.75M+13.5% | $16.8M+19.3% | $13.83M-6.5% | |
| Real Assets Group | $80.09M+41.2% | $93.11M+127% | $85.51M+102% | $80.29M+105% | $56.7M+49.5% | |
| Secondaries Group | $20.5M+11.6% | $25.44M+38.9% | $24.95M+72.9% | $23.07M+10.8% | $18.37M+44.5% | |
| General, administrative and other expenses by Business | ||||||
| Credit Group | $51.35M+25.1% | $47M+2.5% | $46.51M+13.3% | $44.3M+9.1% | $41.05M+19.4% | |
| Other | $2.56M+72.8% | $2.69M+74.4% | $2.14M+46.6% | $2.71M+43.1% | $1.48M-12.2% | |
| Private Equity Group | $4.98M+16.9% | $7.27M+17.8% | $4.89M+6.9% | $5.56M+1.3% | $4.26M-18.4% | |
| Real Assets Group | $33.92M+62.7% | $35.79M+177% | $27.52M+94.9% | $30.7M+101% | $20.85M+44.3% | |
| Secondaries Group | $8.63M+1.8% | $9.75M+30.8% | $9.62M+13.7% | $10.08M+13.3% | $8.47M-6.6% | |
| Foreign currency translation by Business | ||||||
| Credit Group | -$1.16M-698% | $347K+117% | $1.34M-50.1% | $0— | $194K+116% | |
| Private Equity Group | $0— | —— | —— | —— | $0— | |
| Real Assets Group | $115K-99.7% | $557K+177% | $715K— | —— | $38.8M— | |
| Secondaries Group | -$4K-180% | —— | —— | $11K— | $5K+267% | |
| Goodwill by Business | ||||||
| Credit Group | $312.67M+0.1% | $313.83M+0.6% | $313.48M-0.2% | $312.14M+0.3% | $312.23M+0.4% | |
| Private Equity Group | $121.41M0.0% | $121.41M0.0% | $121.41M+3.3% | $121.41M+3.4% | $121.41M+3.4% | |
| Real Assets Group | $2.61B-1.4% | $2.6B+735% | $2.58B+810% | $2.59B+810% | $2.65B+833% | |
| Secondaries Group | $417.64M0.0% | $417.64M0.0% | $417.64M0.0% | $417.64M0.0% | $417.63M0.0% | |
| Total revenues by Product | ||||||
| Administrative, transaction and other fees | $97.95M+69.2% | $104.64M+139% | $105.46M+151% | $98.12M+138% | $57.89M+58.4% | |
| Carried interest | $162.75M-1.4% | $216.68M+6.0% | $473.04M+69.7% | $330.74M+746% | $165.13M+608% | |
| Incentive fees | $161.93M+405% | $208.65M-13.2% | $100.67M+107% | $23.34M-51.1% | $32.06M+270% | |
| Management fees | $1.01B+22.3% | $1.01B+27.7% | $980.28M+28.1% | $909.58M+24.0% | $826.88M+18.1% | |
| Principal investment income | $29.01M+8.1% | —— | $73.54M+422% | $91.38M+210% | $26.84M+176% |
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.
