Ares Management CorpARES
Ares Management Corp Financial Overview 2020–2024
Ares Management Corporation secured 85% of its $92.7 billion in gross new capital commitments from existing institutional investors during FY2024, showcasing deep client retention. This loyalty underpins a clear investment reality: Ares has successfully transformed its core credit and alternative asset platform into a highly sticky, recurring revenue engine. The company's scale has expanded rapidly over the past half-decade, with Total Assets Under Management (AUM) climbing from $197 billion at the close of FY2020 to $484.4 billion by the end of FY2024.
The firm pairs this organic fundraising strength with aggressive capital deployment, putting $106.7 billion to work across its platform in FY2024. This expanding asset base directly fuels operational stability, pushing Fee Related Earnings (FRE) up 17% to $1.36 billion that same year. Ares accelerated this momentum in Q1 2025 by completing the $3.7 billion acquisition of GCP International. That single transaction added $46.1 billion in AUM and helped propel total AUM to $595.7 billion by Q3 2025. Consequently, top-line performance skyrocketed. Total revenues jumped 56% year-over-year to $4.1 billion during the first nine months of 2025, driven by the expanded real assets portfolio and a steep 383% rebound in carried interest allocation to $948.6 million.
Recent Developments (Q2 and Q3 2025)
Ares Management maintained robust operational momentum through Q2 2025 and Q3 2025. Management fees grew 25% year-over-year to $900.6 million in the second quarter, fueling a 26% rise in Fee Related Earnings to $409.1 million. Over the nine-month period, net income climbed 65% year-over-year to $473.1 million, with cumulative management fees reaching $2.7 billion. Rewarding shareholders, the firm declared a $1.12 per share dividend in late 2025, increasing to $1.35 per share by early 2026.
Bulls highlight this consistent expansion of high-margin fees, proving the firm can efficiently monetize its asset base. Conversely, bears caution that total expenses surged 77% year-over-year to $3.5 billion through the first nine months of 2025, driven largely by integration and compensation costs. Consequently, the stock appears richly valued at a 75.1x P/E ratio based on annualized earnings corresponding to the November 5, 2025 reporting date, not today.
What to watch: expense normalization as integration costs subside; long-term sustainability of the recently hiked dividend.
Rev
$3.88B
FY2024
NI
$463.7M
FY2024
OCF
$2.79B
FY2024
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
Ares Management Corp 8-K Report, Financial Results (Feb 5, 2026)
Ares Management Corp. (ARES) has filed an 8-K report on February 5, 2026, disclosing its financial results for the fourth quarter and full year ended December 31, 2025, via an attached press release and earnings presentation. While the specific financial figures are not detailed in the 8-K itself, these exhibits are crucial for investors seeking to understand the company's performance and financial condition heading into the new fiscal year. Investors should review the referenced exhibits for detailed metrics, operational updates, and forward-looking statements. In addition to its financial results, the company announced a quarterly dividend of $1.35 per share for its Class A common stock. This dividend is scheduled to be paid on March 31, 2026, to shareholders of record as of March 17, 2026. The declaration of a dividend is a positive signal to shareholders, indicating the company's confidence in its earnings and cash flow generation, and provides a direct return on investment.
Ares Management Corp 8-K Report, Financial Results (Nov 3, 2025)
Ares Management Corp (ARES) has filed an 8-K report on November 3, 2025, primarily to furnish its third-quarter 2025 financial results, as announced in a press release and detailed in an earnings presentation (Exhibits 99.1 and 99.2). Investors should note that this information is furnished, not filed, under Sections 18 and 33 of the Securities Exchange Act and Securities Act, respectively, meaning it generally won't be incorporated into future filings unless specifically referenced. In addition to the quarterly financial results, the report also discloses the declaration of a quarterly dividend. Ares Management Corp will pay a dividend of $1.12 per share of Class A common stock on December 31, 2025, to shareholders of record as of December 17, 2025. This dividend declaration is a key piece of information for income-focused investors.
Ares Management Corp 8-K Report, Regulation FD Disclosure (Sep 25, 2025)
Ares Management Corporation (ARES) has filed a Form 8-K to announce the posting of a presentation on its Investor Resources website. This presentation is intended for an analyst event scheduled for September 25, 2025. While the content of the presentation itself is not detailed in this filing, the disclosure signifies that the company is providing updated information or strategic insights to its analysts, which may be of interest to investors monitoring the company's forward-looking statements and strategic direction. Investors should note that this filing is primarily for informational purposes under Regulation FD, indicating the company's commitment to broad dissemination of material information. The actual presentation, available on the company's website, will likely contain the substantive details regarding any new financial performance updates, business strategies, or market outlooks that Ares Management intends to share with the analyst community. It is recommended that investors visit the provided URL to access and review the presentation for a comprehensive understanding of the information being communicated.
Ares Management Corp 8-K Report, Financial Results (Aug 1, 2025)
Ares Management Corp. (ARES) has filed an 8-K report on August 1, 2025, to announce its financial results for the second quarter ended June 30, 2025. The filing primarily incorporates by reference a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) that detail the company's performance and forward-looking statements. Investors should refer to these attached exhibits for comprehensive financial data and operational updates. In addition to the financial results, the report also discloses the declaration of a quarterly dividend. This highlights the company's commitment to returning capital to shareholders and provides important information for income-focused investors. The press release and earnings presentation are the primary sources of detailed information regarding these announcements.
Ares Management Corp 8-K Report, Shareholder Vote Results (Jun 11, 2025)
Ares Management Corporation (ARES) filed an 8-K on June 10, 2025, detailing the results of its Annual Meeting of Stockholders held on June 6, 2025. The primary focus of this filing is the voting outcomes on several key proposals. All director nominees were overwhelmingly elected, reflecting strong board support. Furthermore, the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2025 received broad approval, indicating continued confidence in their audit services. In addition to governance matters, the meeting addressed executive compensation. The stockholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers for fiscal year 2024. Crucially, the stockholders also approved, on an advisory basis, a triennial frequency for future say-on-pay votes. Consequently, Ares Management Corporation has affirmed its intention to hold advisory votes on executive compensation every three years, aligning with the stockholders' preference.
View all 8-K filings →