The Filings Report

Ares Management Corporation Class A Common Stock

ARESNYSECIK 1176948Financial / Asset Managementfiscal year ends December54 quarters since 2012

Revenue, Q2 FY2026
$1.4B
+5.8% on Q2 FY2025
Net income
$151M
+9.9% on Q2 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
—
not filed for a derived quarter
Revenue, TTM
$6.0B
trailing four quarters
Net margin, TTM
10.6%
net income $636M
Free cash flow, TTM
—
Cash and equivalents
—
long-term debt —, Jun 30, 2026
Shares, 12-month change
—
— shares, Jun 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$93M
no yield
Market value
—
at the close, buybacks

Latest quarter Q2 FY2026, filed August 7, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Ares Management Corporation Class A Common Stock reported revenue of $1.4B, +5.8% on Q2 FY2025, and net income of $151M (+9.9%).

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 7, 2026.

Revenue and net incomeRevenueNet income
−$500M$0$500M$1.0B$1.5B$2.0BQ3'22, Revenue: $801MQ3'22, Net income: −$36MQ3'22Q4'22, Revenue: $938MQ4'22, Net income: $117MQ4'22Q1'23, Revenue: $813MQ1'23Q2'23, Revenue: $1.1BQ2'23Q3'23, Revenue: $671MQ3'23Q4'23, Revenue: $1.1BQ4'23Q1'24, Revenue: $707MQ1'24, Net income: $73MQ1'24Q2'24, Revenue: $789MQ2'24, Net income: $95MQ2'24Q3'24, Revenue: $1.1BQ3'24, Net income: $118MQ3'24Q4'24, Revenue: $1.3BQ4'24, Net income: $177MQ4'24Q1'25, Revenue: $1.1BQ1'25, Net income: $47MQ1'25Q2'25, Revenue: $1.4BQ2'25, Net income: $137MQ2'25Q3'25, Revenue: $1.7BQ3'25, Net income: $289MQ3'25Q4'25, Revenue: $1.5BQ4'25, Net income: $54MQ4'25Q1'26, Revenue: $1.4BQ1'26, Net income: $143MQ1'26Q2'26, Revenue: $1.4BQ2'26, Net income: $151MQ2'26−$500M$0$500M$1.0B$1.5B$2.0BQ3'22, Revenue: $801MQ3'22, Net income: −$36MQ4'22, Revenue: $938MQ4'22, Net income: $117MQ4'22Q1'23, Revenue: $813MQ2'23, Revenue: $1.1BQ2'23Q3'23, Revenue: $671MQ4'23, Revenue: $1.1BQ4'23Q1'24, Revenue: $707MQ1'24, Net income: $73MQ2'24, Revenue: $789MQ2'24, Net income: $95MQ2'24Q3'24, Revenue: $1.1BQ3'24, Net income: $118MQ4'24, Revenue: $1.3BQ4'24, Net income: $177MQ4'24Q1'25, Revenue: $1.1BQ1'25, Net income: $47MQ2'25, Revenue: $1.4BQ2'25, Net income: $137MQ2'25Q3'25, Revenue: $1.7BQ3'25, Net income: $289MQ4'25, Revenue: $1.5BQ4'25, Net income: $54MQ4'25Q1'26, Revenue: $1.4BQ1'26, Net income: $143MQ2'26, Revenue: $1.4BQ2'26, Net income: $151MQ2'26

Net income losses drawn in red.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 7, 2026.

Ares Management Corporation Class A Common Stock income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 7, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Nov 6, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 12, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue1,4291,3961,5051,6581,3501,0891,2591,130+5.8%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative256240290246232228199197+10.1%
Operating income—————————
Other income (expense)13785(50)303746712252+84.6%
Pretax income386313207652287141400327+34.5%
Income tax7360811261185046+19.7%
Net income1511435428913747177118+9.9%
Diluted EPS ($)—————————
Diluted shares (millions)—————————

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 7, 2026.

Ares Management Corporation Class A Common Stock balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 7, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Nov 6, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 12, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents—————————
Short-term investments—————————
Total current assets—————————
Total assets29,63128,39528,63327,03227,26527,18224,88424,523+8.7%
Total current liabilities—————————
Long-term debt—————————
Total liabilities21,00320,01219,93218,40018,42618,39017,48618,643+14.0%
Stockholders’ equity3,9684,0254,2754,4744,3624,4543,5442,076−9.0%
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 7, 2026.

Ares Management Corporation Class A Common Stock cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 7, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Nov 6, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 12, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow(351)407(484)1,3414161,994808841−184.5%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization—————————
Share repurchases—————————
Dividends paid2525212121211616+20.2%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 25, 2026.

Income statement

Ares Management Corporation Class A Common Stock income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Feb 24, 2023FY2021ended Dec 31, 2021filed Feb 28, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 26, 2019FY2017ended Dec 31, 2017filed Mar 1, 2018FY2016ended Dec 31, 2016filed Feb 27, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Mar 20, 2015FY2013ended Dec 31, 2013filed Jun 10, 2014FY2012ended Dec 31, 2012filed Mar 20, 2015
Revenue5,6013,8853,6323,0554,2121,7641,7659581,480965814604479334
Cost of revenue——————————————
Gross profit——————————————
Research and development——————————————
Selling, general and administrative996737660695444259————————
Operating income——————————————
Other income (expense)394329499204264661239617560368131,1961,686
Pretax income1,2871,2751,3335111,066379425184150298815578731,262
Income tax19916517372147555232(23)1119115926
Net income52746447416840915214957761121935——
Diluted EPS ($)——————————————
Diluted shares (millions)——————————————

Balance sheet

Ares Management Corporation Class A Common Stock balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Feb 24, 2023FY2021ended Dec 31, 2021filed Feb 28, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 26, 2019FY2017ended Dec 31, 2017filed Mar 1, 2018FY2016ended Dec 31, 2016filed Feb 27, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Mar 20, 2015FY2013ended Dec 31, 2013filed Jun 10, 2014FY2012ended Dec 31, 2012filed Mar 20, 2015
Cash and equivalents———————110119———90—
Short-term investments——————————————
Total current assets——————————————
Total assets28,63324,88424,73122,00321,60515,16912,01410,1558,5645,8304,32121,63923,70524,496
Total current liabilities——————————————
Long-term debt————————————153—
Total liabilities19,93217,48619,70917,09816,69512,59710,1568,7607,1034,4523,32914,88016,030—
Stockholders’ equity4,2753,5441,8931,5891,8251,1947685881,460293247284——
Shares outstanding (millions)———————10383818181——

Cash flow statement

Ares Management Corporation Class A Common Stock cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Feb 24, 2023FY2021ended Dec 31, 2021filed Feb 28, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 26, 2019FY2017ended Dec 31, 2017filed Mar 1, 2018FY2016ended Dec 31, 2016filed Feb 27, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Mar 20, 2015FY2013ended Dec 31, 2013filed Jun 10, 2014FY2012ended Dec 31, 2012filed Mar 20, 2015
Operating cash flow3,2672,791(233)(734)(2,596)(426)(2,083)(1,417)(1,863)(626)(528)1,533——
Capital expenditures———————1833121117——
Free cash flow (CFO − capex)———————(1,435)(1,896)(638)(539)1,516——
Depreciation and amortization——————————————
Share repurchases——————————————
Dividends paid——————————————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$2M
2 purchases by 1 insider; officers and directors $0
Sold, three months
$236M
1 sales by 1 insider; officers and directors $0
Bought, twelve months
$3M
4 purchases by 3 insiders; officers and directors $1M
Sold, twelve months
$327M
29 sales by 3 insiders; officers and directors $91M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 26, 2026Ares Management LLC+7 more10% owneropen-market buyindirect20,834$24.07$501K2MOct 27, 2026
Oct 23, 2026Ares Management LLC+7 more10% owneropen-market buyindirect50,000$23.53$1M2MOct 27, 2026
Aug 20, 2026Jacobson BlairCo-Presidentgift8,000$0.00—1MAug 21, 2026
Aug 13, 2026Ares Management LLC+6 more10% owneropen-market saleindirect23M$10.25$236M94MAug 17, 2026
Jul 30, 2026Bush Antoinette CookDirectoraward1,728$0.00—24,168Aug 3, 2026
Jul 30, 2026Bhutani AshishDirectoraward1,728$0.00—35,799Aug 3, 2026
Jul 30, 2026Naughton EileenDirectoraward1,728$0.00—8,586Aug 3, 2026
Jul 30, 2026Olian Judy D.Directoraward1,728$0.00—31,462Aug 3, 2026
Jul 30, 2026Lynton MichaelDirectoraward1,728$0.00—34,196Aug 3, 2026
Jul 30, 2026Joubert Paul G.Directoraward1,728$0.00—44,196Aug 3, 2026
Jul 1, 2026Phillips JarrodChief Financial Officertax withholding2,583$113.63$294K325,226Jul 2, 2026
Jun 30, 2026Arougheti Michael JCo-Founder and CEO, Directortax withholding82,957$111.31$9M1MJul 2, 2026
Jun 30, 2026deVeer R. KippCo-President, Directortax withholding82,957$111.31$9M1MJul 2, 2026
Jun 3, 2026Jacobson BlairCo-Presidentgift8,000$0.00—1MJun 4, 2026
Feb 20, 2026Olian Judy D.Directoropen-market buy480$124.43$60K29,734Feb 24, 2026
Feb 6, 2026Bhutani AshishDirectoropen-market buy10,000$126.61$1M34,071Feb 10, 2026
Feb 4, 2026Sagati Aghili NaseemGeneral Counselopen-market sale10b5-1300$128.98$39K330,210Feb 6, 2026
Feb 4, 2026Sagati Aghili NaseemGeneral Counselopen-market sale10b5-11,200$137.72$165K326,889Feb 6, 2026
Feb 4, 2026Sagati Aghili NaseemGeneral Counselopen-market sale10b5-1300$134.00$40K329,810Feb 6, 2026
Feb 4, 2026Sagati Aghili NaseemGeneral Counselopen-market sale10b5-11,110$135.28$150K328,700Feb 6, 2026
Feb 4, 2026Sagati Aghili NaseemGeneral Counselopen-market sale10b5-1611$136.74$84K328,089Feb 6, 2026
Feb 4, 2026Sagati Aghili NaseemGeneral Counselopen-market sale10b5-1300$126.68$38K330,510Feb 6, 2026
Feb 4, 2026Sagati Aghili NaseemGeneral Counselopen-market sale10b5-1100$131.61$13K330,110Feb 6, 2026
Jan 31, 2026deVeer R. KippCo-President, Directortax withholding101,444$149.67$15M1MFeb 3, 2026
Jan 31, 2026deVeer R. KippCo-President, Directoraward200,000$0.00—1MFeb 3, 2026

Full insider history for Ares Management Corporation Class A Common Stock, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held ARES in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded ARES by quarter.

FundManagerQuarterValueSharesWeightMove
Third PointDaniel LoebQ2 2026$42M375,0000.89%new

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
ARES MANAGEMENT CORPORATION, CIK 1176948 on EDGAR
Extract generated
November 1, 2026
Withheld
2 line-years whose four quarters do not sum to the filed year: other income FY2016, revenue FY2016
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax, Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: not filed
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): not filed
Diluted shares (millions): not filed

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization
Share repurchases: not filed
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/ARES.json