Total Operating Expenses
Ares Management Corporation Total Operating Expenses decreased by 6.4% to $1.17B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.2%, from $1.01B to $1.17B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 8.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
Detailed definition
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Peer comparison
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.02B | $813.27M | $1.05B | $611.68M | $552.87M | $898.10M | $686.43M | $628.64M | $837.74M | $560.96M | $770.52M | $538.49M | $564.54M | $854.89M | $980.77M | $1.01B | $1.14B | $1.31B | $1.25B | $1.17B |
| QoQ Change | — | -20.6% | +28.7% | -41.6% | -9.6% | +62.4% | -23.6% | -8.4% | +33.3% | -33.0% | +37.4% | -30.1% | +4.8% | +51.4% | +14.7% | +3.4% | +12.2% | +15.0% | -4.6% | -6.4% |
| YoY Change | — | — | — | — | -46.0% | +10.4% | -34.4% | +2.8% | +51.5% | -37.5% | +12.3% | -14.3% | -32.6% | +52.4% | +27.3% | +88.4% | +101.5% | +53.0% | +27.3% | +15.2% |
Business Segments
| Segment | FY'21 | FY'22 | FY'25 |
|---|---|---|---|
| Credit Group | — | — | $879.57M |
| Real Assets Group | — | — | $806.55M |
| Secondaries Group | $89.28M | $289.74M | $195.79M |
| Private Equity Group | — | — | $80.68M |
| Other | $11.93M | $64.68M | $3.35M |
| Total | $3.41B | $2.75B | $4.71B |
All segment values are derived from annual filings.
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is Ares Management Corporation's total operating expenses?
- Ares Management Corporation (ARES) reported total operating expenses of $1.17B in Q1 2026.
- How has Ares Management Corporation's total operating expenses changed year-over-year?
- Ares Management Corporation's total operating expenses increased by 15.2% year-over-year, from $1.01B to $1.17B.
- What is the long-term trend for Ares Management Corporation's total operating expenses?
- Over 4 years (2021 to 2025), Ares Management Corporation's total operating expenses has grown at a 8.4% compound annual growth rate (CAGR), from $3.41B to $4.71B.
- What does total operating expenses mean?
- The total cost of running the day-to-day business, excluding the direct cost of making products.