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Ares Management CorpARES

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Financial Services
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NYSE

Stock Price $ARES

Latest filings

You are here#43 of 58 in Financials by market cap

Filing record · 2016–202610-K1110-Q328-K128

ARES filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 128 current reports (8-K) between 2016 and 2026.

  1. FY2015 annual report10-K · Feb ’16Feb ’16
  2. Leadership change8-K · Jan ’19Jan ’19
  3. Material agreement8-K · Apr ’21Apr ’21
  4. Material agreement8-K · Apr ’25Apr ’25

01—Key figures

Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  14. $5.60B
YoY changeLargest recent move+140.2%in FY21Latest +44.2%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All ARES Financial Metrics38 metrics

Income Statement9

Balance Sheet14

Cash Flow13

Per Share2

02—Overview

Ares Management Corp Financial Overview 2021–2025

Updated Jul 10, 2026

Ares Management Corporation grew its Assets Under Management (AUM) by 29% in FY2025, securing $113.2 billiona in fresh capital commitments. This scale highlights a resilient alternative asset platform capable of converting massive capital inflows into highly predictable fee generation. The firm’s long-term trajectory is evident over a wider horizon, with AUM more than doubling from $305.8 billion in FY2021 to $622.5 billion by the close of FY2025.

The financial engine driving Ares is its growth in Fee Related Earnings (FRE), which climbed 30% to $1.78 billionb during FY2025. The company deployed $145.8 billion into the market that year, anchoring its primary credit segment at $406.9 billion in assets. Ares further expanded its physical footprint with the $3.7 billion acquisition of GCP International, pushing real assets to $139.1 billion. Momentum accelerated into Q1 2026, with total revenues jumping 28% to $1.4 billion on the back of an over 400% surge in incentive fees. Reflecting this sustained compounding of fee-paying assets and an increased quarterly dividend of $1.35, the market valued the stock at $161.63 per share at the close of FY2025.

Recent Developments (Q4 2025 and Q1 2026)

Ares expanded its credit facility revolver to $2.5 billionc, extended its maturity to May 2031, and secured a $400 million term loan. The firm increased net income by 202% year-over-year in Q1 2026. This expansion was driven by Fee Paying AUM reaching $399.6 billion alongside total AUM growth to $644.3 billion.

Bulls will focus on the reaffirmed guidance of over $350 milliond in full-year 2026 realized net performance income, signaling sustained cash flow generation. Conversely, bears will note that Q1 2026 net performance income missed estimates at $75 million due to delayed European fund realizations. Despite this short-term miss, the stock appears cheaply valued relative to recent earnings growth, trading at an implied 22.2x P/E ratio as of the May 8, 2026 reporting date, not today.

What to watch: European fund realization timelines; utilization of the $3.0 billione accordion credit feature.

03—Filings

Recent SEC Filings

  1. 8-KAres Management Corp 8-K Report, Regulation FD Disclosure (Sep 30, 2026)Ares Management Corporation (ARES) has filed an 8-K to provide preliminary guidance on a key performance metric: realized net performance income. For the quarter ending September 30, 2026, the company anticipates this income to be approximately $10 million, representing an increase from the $9 million reported for the same period in the prior year. This disclosure offers investors an early look at a component of the company's operating performance. However, it is crucial for investors to understand that this figure is a preliminary estimate and a non-GAAP measure. Actual results may differ materially, and this figure should not be used to predict other financial results like net investment income or net income. Investors are advised to await the full third-quarter results for a comprehensive view and should not place undue reliance on this preliminary information.
  2. 8-KAres Management Corp 8-K Report, Financial Results (Jul 31, 2026)Ares Management Corp. (NYSE: ARES) reported second-quarter 2026 results on July 31, 2026, showing continued strong top-line and fee-based growth. GAAP net income attributable to Ares Management Corporation was $150.6 million, or $0.49 per share, up from $137.1 million in Q2-25. The more closely watched non-GAAP metrics were stronger: Fee Related Earnings (FRE) rose 20% year over year to $491.1 million, and After-tax Realized Income per Class A share was $1.29, up 25% from $1.03. Total Assets Under Management reached $671.3 billion (up 17% year over year), and Fee Paying AUM reached $409.9 billion (also up 17%). Fundraising was a highlight, with $36.4 billion raised in the quarter and net inflows of $34.4 billion, which management described as a record quarter for fundraising. Gross capital deployment was $35.9 billion, and firmwide available capital (dry powder) reached a record $170.0 billion. Management said the investment pipeline is picking up after a slower transaction environment in the first half, and it expects to maintain its annual financial targets. Note that the GAAP results include consolidated fund effects, so investors should focus on FRE and After-tax RI for underlying operating performance. Capital return remains a key feature of the story. Ares declared a quarterly Class A common dividend of $1.35 per share, payable September 30, 2026, and a Series B mandatory convertible preferred dividend of $0.84375 per share. The filing also notes a dividend reinvestment program that becomes effective with the September dividend. The quarter also included a $395.0 million IPO by the third sponsored SPAC, Ares Acquisition Corporation III, which closed on July 1, 2026.
  3. 8-KAres Management Corp 8-K Report, Financial Results (Jul 10, 2026)Ares Management Corporation (ARES) has filed a Form 8-K on July 10, 2026, to provide a preliminary update on its financial performance for the quarter ending June 30, 2026. The company anticipates that its realized net performance income will exceed $50 million, a significant increase from the $16 million reported for the same period in the prior year. This projection suggests a substantial improvement in the profitability derived from the company's investment strategies and fee-generating activities. Investors should note that this figure represents a preliminary estimate and a non-GAAP financial measure. Ares Management cautions that actual results may differ materially once the full financial closing procedures are completed. The company is unable to provide a GAAP reconciliation at this time due to the early stage of its financial close. This disclosure is intended to provide early insight into performance trends and should be viewed in conjunction with the company's full second-quarter results when they are officially released.
  4. 8-KAres Management Corp 8-K Report, Shareholder Vote Results (Jun 11, 2026)Ares Management Corporation (ARES) filed an 8-K on June 11, 2026, reporting the results of its Annual Meeting of Stockholders held on June 8, 2026. The primary focus of the filing is the outcome of shareholder votes on two key proposals: the election of directors and the ratification of the independent registered public accounting firm. All director nominees were elected, and the appointment of Ernst & Young LLP as the independent auditor for the 2026 fiscal year was ratified. For investors, the smooth and overwhelmingly positive voting outcomes on both director elections and auditor ratification suggest continued confidence in the current management and governance structure of Ares Management. The significant "FOR" votes across all director nominees, with minimal opposition and a consistent number of broker non-votes, indicate strong shareholder alignment. Similarly, the near-unanimous approval for the auditor ratification reinforces the market's trust in the company's financial reporting and oversight.
  5. 8-KAres Management Corp 8-K Report, Material Agreement (May 28, 2026)Ares Management Corporation (ARES) has filed an 8-K detailing significant amendments to its credit facility. The primary focus of this filing is Amendment No. 14 to its Sixth Amended and Restated Credit Agreement, dated May 21, 2026. This amendment introduces several key changes designed to enhance the company's financial flexibility and extend its borrowing capacity. Investors should note the extension of the credit facility's maturity date to May 21, 2031, which provides a longer-term runway for the company's operations and strategic initiatives. Furthermore, the revolver commitments have been substantially increased to $2.5 billion, with an additional uncommitted accordion feature that allows for a potential expansion up to $3.0 billion. These changes indicate a strengthened credit profile and increased access to liquidity.
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04—See also

Related Companies

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