Ares Management CorpARES
Ares Management Corp Financial Overview 2021–2025
Updated Jul 10, 2026Ares Management Corporation grew its Assets Under Management (AUM) by 29% in FY2025, securing $113.2 billion 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 billion 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 billion, 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 million 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 billion accordion credit feature.
Rev
$5.60B
FY2025
NI
$426.1M
FY2025
OCF
$3.27B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All ARES Financial Metrics(38)
Income Statement
Balance Sheet
Cash Flow
Per Share
Recent SEC Filings
Ares Management Corp 8-K Report, Financial Results (Jul 31, 2026)
Ares Management Corp. (ARES) has filed an 8-K report on July 31, 2026, primarily to announce its financial results for the second quarter ended June 30, 2026. The filing includes a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) which contain the detailed financial performance and operational updates for the quarter. Investors should note that the information furnished under Items 2.02 and 7.01 is being provided for informational purposes and is not considered "filed" for purposes of Section 18 of the Exchange Act, unless specifically incorporated into other SEC filings. Beyond the quarterly financial results, the report also discloses the declaration of a quarterly dividend. Ares Management Corp. will pay a dividend of $1.35 per share of its Class A common stock on September 30, 2026, to shareholders of record as of September 16, 2026. This dividend declaration signals continued commitment to returning capital to shareholders, a key consideration for income-focused investors.
Ares 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.
Ares 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.
Ares 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.
Ares Management Corp 8-K Report, Financial Results (May 1, 2026)
Ares Management Corporation (ARES) has filed an 8-K on May 1, 2026, to report on its financial performance and corporate actions for the first quarter ended March 31, 2026. The filing primarily references a press release and an earnings presentation, which contain the detailed financial results. Investors should note that the information furnished in this 8-K is for disclosure purposes and is not deemed "filed" for regulatory purposes unless specifically incorporated by reference into other SEC filings.
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