Ares Management Corporation ARES Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest by Business | |||||
| Credit Group | $2.06B+2.2% | $2.01B-9.3% | $2.22B— | —— | |
| Other | -$11.2M-690% | -$1.42M+84.2% | -$8.99M-6,102% | -$145K+99.5% | |
| Private Equity Group | $713.28M+19.4% | $597.63M+53.4% | $389.66M— | —— | |
| Real Assets Group | $1.34B+62.0% | $827.38M+503% | -$205.12M— | —— | |
| Secondaries Group | $338.72M+218% | -$287.74M-168% | -$107.45M+63.9% | -$298.04M-123% | |
| Realized Income (Loss) by Business | |||||
| Credit Group | $1.95B+15.6% | $1.69B+16.1% | $1.45B+29.9% | $1.12B+33.0% | |
| Other | $15.42M-44.6% | $27.82M+488% | $4.73M+134% | -$14.04M-45.2% | |
| Private Equity Group | $39.54M-24.7% | $52.5M+3.4% | $50.78M+6.6% | $47.63M-59.3% | |
| Real Assets Group | $442.05M+103% | $218.21M+3.8% | $210.15M-34.8% | $322.47M+73.8% | |
| Secondaries Group | $203.3M+101% | $101.04M+21.9% | $82.92M-24.0% | $109.17M— | |
| Operating Income (Loss) by Business | |||||
| Credit Group | $1.82B+16.4% | $1.57B+19.1% | $1.32B— | —— | |
| Other | $27.4M+74.7% | $15.69M+83.9% | $8.53M+479% | -$2.25M-624% | |
| Private Equity Group | $58.32M-3.7% | $60.55M+14.1% | $53.06M— | —— | |
| Real Assets Group | $464.66M+119% | $212.11M-3.1% | $218.81M-19.4% | $271.63M+108% | |
| Secondaries Group | $208.41M+65.2% | $126.17M+20.9% | $104.39M-5.5% | $110.5M— | |
| Performance Fees Net by Business | |||||
| Credit Group | $126.6M+6.9% | $118.41M+6.0% | $111.76M+32.6% | $84.3M+11.6% | |
| Other | $0— | $0— | $0— | $0— | |
| Private Equity Group | $10.41M+49.4% | $6.97M-45.3% | $12.73M+49.6% | $8.51M-75.0% | |
| Real Assets Group | $31.93M+38.6% | $23.03M+180% | $8.22M-83.6% | $50.03M+38.1% | |
| Secondaries Group | $71K-84.9% | $471K-39.8% | $782K+22.0% | $641K— | |
| Net realized and unrealized gains (losses) from investments by Business | |||||
| Credit Group | $327.98M-41.0% | $556.17M+5.8% | $525.78M— | —— | |
| Other | -$7.84M-1,781% | -$417K+94.3% | -$7.32M-636% | $1.37M+128% | |
| Private Equity Group | $680.69M+37.2% | $496.1M+54.0% | $322.17M— | —— | |
| Real Assets Group | $787.16M+106% | $382.68M+164% | -$599.2M-297% | $304.07M-74.2% | |
| Secondaries Group | $533.12M+155% | $208.95M-44.0% | $373.06M+3,439% | -$11.17M-101% | |
| Income Tax by Business | |||||
| Credit Group | $10M+70.0% | $5.88M-79.2% | $28.33M+383% | $5.87M+30.1% | |
| Other | $0— | $0-100% | $19K+90.0% | $10K— | |
| Private Equity Group | $752K-97.3% | $27.55M+222% | -$22.59M-1,724% | -$1.24M-106% | |
| Real Assets Group | $26.42M+183% | $9.34M-8.4% | $10.2M-72.1% | $36.5M+3,028% | |
| Secondaries Group | $0— | $0— | $0— | $0— | |
| Investment Income (Loss) Net by Business | |||||
| Other | -$11.98M— | —— | —— | —— | |
| Private Equity Group | -$29.19M-94.5% | -$15.01M+2.1% | -$15.33M— | —— | |
| Real Assets Group | -$54.54M-194% | -$18.52M-9.7% | -$16.88M— | —— | |
| Secondaries Group | -$5.18M+79.8% | -$25.61M-15.1% | -$22.25M— | —— | |
| Interest and dividend income by Business | |||||
| Credit Group | $2.62B+11.2% | $2.36B-8.8% | $2.58B— | —— | |
| Other | $0— | $0— | $0— | —— | |
| Private Equity Group | $114.03M-42.0% | $196.76M+47.1% | $133.75M— | —— | |
| Real Assets Group | $1.39B+36.1% | $1.02B-1.7% | $1.04B— | —— | |
| Secondaries Group | $1.39M-86.8% | $10.51M+436% | $1.96M— | —— | |
| Investment income (loss)—realized by Business | |||||
| Credit Group | $14.32M-32.3% | $21.16M-42.0% | $36.49M— | —— | |
| Other | $8.43M-13.3% | $9.72M+228% | $2.96M+60.1% | $1.85M+10,782% | |
| Private Equity Group | -$15.66M-913% | $1.93M— | —— | —— | |
| Real Assets Group | $31.36M+505% | $5.18M+52.8% | $3.39M-65.7% | $9.9M-44.1% | |
| Secondaries Group | $1.65M-35.9% | $2.57M-43.3% | $4.52M— | —— | |
| Performance income—realized by Business | |||||
| Credit Group | $383.89M+17.7% | $326.2M+0.8% | $323.73M— | —— | |
| Other | $0— | $0— | $0— | $0— | |
| Private Equity Group | $42.4M-2.1% | $43.3M-34.1% | $65.72M— | —— | |
| Real Assets Group | $99.81M+65.5% | $60.32M+187% | $20.99M-84.2% | $133.13M+39.7% | |
| Secondaries Group | $177K-51.0% | $361K-93.4% | $5.46M+31.4% | $4.16M— | |
| Operating expenses by Business | |||||
| Credit Group | $879.57M-1.5% | $893.27M+3.6% | $862.26M— | —— | |
| Other | $3.35M+235% | $1M-39.6% | $1.66M+10.5% | $1.5M-93.4% | |
| Private Equity Group | $80.68M+19.2% | $67.67M-23.8% | $88.84M— | —— | |
| Real Assets Group | $806.55M+42.8% | $564.68M-10.7% | $632.43M+76.7% | $357.85M+110% | |
| Secondaries Group | $195.79M-61.4% | $507.19M+5.1% | $482.48M+66.5% | $289.74M+225% | |
| Investment Income, Investment Expense by Business | |||||
| Credit Group | $20.04M-35.9% | $31.29M— | —— | $18.4M+127% | |
| Other | $34.9M+5.3% | $33.14M+60.4% | $20.67M-5.1% | $21.78M+67.9% | |
| Private Equity Group | $15.56M-17.7% | $18.91M+31.9% | $14.33M+6.3% | $13.48M+70.1% | |
| Real Assets Group | $92.79M+212% | $29.76M+27.0% | $23.43M+107% | $11.35M+77.4% | |
| Secondaries Group | $8M-72.6% | $29.14M+7.5% | $27.12M+379% | $5.66M— | |
| Total performance related compensation—realized by Business | |||||
| Credit Group | $257.29M+23.8% | $207.79M-2.0% | $211.98M— | —— | |
| Other | $0— | $0— | $0— | $0— | |
| Private Equity Group | $31.99M-11.9% | $36.33M-31.4% | $52.98M— | —— | |
| Real Assets Group | $67.88M+82.1% | $37.28M+192% | $12.77M-84.6% | $83.11M+40.7% | |
| Secondaries Group | $106K+196% | -$110K-102% | $4.68M+33.1% | $3.52M— | |
| Interest Income by Business | |||||
| Credit Group | $6.7M-42.6% | $11.67M+19.2% | $9.79M— | —— | |
| Other | $14.49M-59.5% | $35.81M+159% | $13.83M+69.9% | $8.14M— | |
| Private Equity Group | $2.03M+2.8% | $1.97M+5,084% | $38K— | —— | |
| Real Assets Group | $6.9M-9.9% | $7.65M+142% | $3.17M+39.9% | $2.26M— | |
| Secondaries Group | $1.18M+21.0% | $972K+183% | $344K+700% | $43K— | |
| Acquisitions by Business | |||||
| Credit Group | $0— | $0— | $0— | $0— | |
| Secondaries Group | $0— | $0— | —— | -$96K— | |
| Compensation and benefits by Business | |||||
| Credit Group | $788.99M+14.0% | $692.31M+10.8% | $624.74M— | —— | |
| Other | $26.07M+21.3% | $21.48M+35.9% | $15.81M+30.6% | $12.11M+52.9% | |
| Private Equity Group | $60.7M+6.8% | $56.83M-2.7% | $58.41M— | —— | |
| Real Assets Group | $315.62M+96.8% | $160.36M+4.2% | $153.87M-35.9% | $240.02M+88.0% | |
| Secondaries Group | $91.83M+38.5% | $66.29M+6.6% | $62.16M+15.7% | $53.74M— | |
| General, administrative and other expenses by Business | |||||
| Credit Group | $178.86M+10.5% | $161.87M+40.1% | $115.55M— | —— | |
| Other | $9.02M+37.0% | $6.58M+111% | $3.12M+49.3% | $2.09M+178% | |
| Private Equity Group | $21.98M+2.5% | $21.45M+26.6% | $16.95M— | —— | |
| Real Assets Group | $114.85M+102% | $56.77M+21.3% | $46.79M+17.7% | $39.74M+64.3% | |
| Secondaries Group | $37.92M+11.9% | $33.88M+59.8% | $21.2M+67.1% | $12.69M— | |
| Foreign currency translation by Business | |||||
| Credit Group | $1.89M— | —— | -$104K— | $0— | |
| Goodwill by Business | |||||
| Credit Group | $1.25B+0.3% | $1.25B— | —— | —— | |
| Private Equity Group | $485.63M+2.5% | $473.79M+49.6% | $316.67M+64.7% | $192.28M-18.0% | |
| Real Assets Group | $10.42B+796% | $1.16B— | —— | —— | |
| Secondaries Group | $1.67B0.0% | $1.67B— | —— | —— | |
| Total revenues by Product | |||||
| Administrative, transaction and other fees | $366.11M+124% | $163.42M+4.6% | $156.18M-5.1% | $164.55M+65.1% | |
| Carried interest | $1.19B+197% | $399.54M-36.5% | $629.28M+35.2% | $465.56M-77.5% | |
| Incentive fees | $364.72M+5.6% | $345.48M+24.4% | $277.73M-9.0% | $305.17M-9.8% | |
| Management fees | $3.73B+24.6% | $2.99B+15.0% | $2.6B+19.1% | $2.18B+31.8% |
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.
