Ares Management annual operating expenses
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Ares Management Operating Expenses Growth & History (ARES)
Ares Management's operating expenses was $4.71B for fiscal 2025.
View full Ares Management company overviewAres Management annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.71B | $1.77B | +60.23% |
| 2024 | 2024-12-31 | $2.94B | $140.8M | +5.03% |
| 2023 | 2023-12-31 | $2.80B | $48.8M | +1.77% |
| 2022 | 2022-12-31 | $2.75B | −$661.0M | −19.38% |
| 2021 | 2021-12-31 | $3.41B | $1.96B | +135.10% |
| 2020 | 2020-12-31 | $1.45B | −$12.3M | −0.84% |
| 2019 | 2019-12-31 | $1.46B | $592.4M | +68.07% |
| 2018 | 2018-12-31 | $870.4M | −$634.4M | −42.16% |
| 2017 | 2017-12-31 | $1.50B | $488.3M | +48.04% |
| 2016 | 2016-12-31 | $1.02B | $247.4M | +32.17% |
| 2015 | 2015-12-31 | $769.0M | −$91.0M | −10.58% |
| 2014 | 2014-12-31 | $860.0M | $58.1M | +7.25% |
| 2013 | 2013-12-31 | $801.9M | $43.4M | +5.72% |
| 2012 | 2012-12-31 | $758.5M | — | — |
Ares Management quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.18B | $42.4M | +3.73% |
| Q1 2026 | 2026-03-31 | $1.17B | $154.1M | +15.20% |
| Q4 2025 | 2025-12-31 | $1.25B | $267.9M | +27.31% |
| Q3 2025 | 2025-09-30 | $1.31B | $453.3M | +53.03% |
| Q2 2025 | 2025-06-30 | $1.14B | $573.0M | +101.50% |
| Q1 2025 | 2025-03-31 | $1.01B | $475.8M | +88.36% |
| Q4 2024 | 2024-12-31 | $980.8M | $210.2M | +27.29% |
| Q3 2024 | 2024-09-30 | $854.9M | $293.9M | +52.40% |
| Q2 2024 | 2024-06-30 | $564.5M | −$273.2M | −32.61% |
| Q1 2024 | 2024-03-31 | $538.5M | −$90.1M | −14.34% |
| Q4 2023 | 2023-12-31 | $770.5M | $84.1M | +12.25% |
| Q3 2023 | 2023-09-30 | $561.0M | −$337.1M | −37.54% |
| Q2 2023 | 2023-06-30 | $837.7M | $284.9M | +51.53% |
| Q1 2023 | 2023-03-31 | $628.6M | $17.0M | +2.77% |
| Q4 2022 | 2022-12-31 | $686.4M | −$360.5M | −34.44% |
| Q3 2022 | 2022-09-30 | $898.1M | $84.8M | +10.43% |
| Q2 2022 | 2022-06-30 | $552.9M | −$471.9M | −46.05% |
| Q1 2022 | 2022-03-31 | $611.7M | $86.6M | +16.49% |
| Q4 2021 | 2021-12-31 | $1.05B | $554.6M | +112.64% |
| Q3 2021 | 2021-09-30 | $813.3M | $420.7M | +107.16% |
| Q2 2021 | 2021-06-30 | $1.02B | $541.2M | +111.91% |
| Q1 2021 | 2021-03-31 | $525.1M | $443.1M | +540.70% |
| Q4 2020 | 2020-12-31 | $492.4M | $130.1M | +35.91% |
| Q3 2020 | 2020-09-30 | $392.6M | −$3.1M | −0.79% |
| Q2 2020 | 2020-06-30 | $483.6M | $147.9M | +44.05% |
| Q1 2020 | 2020-03-31 | $82.0M | −$287.1M | −77.80% |
| Q4 2019 | 2019-12-31 | $362.3M | $146.4M | +67.82% |
| Q3 2019 | 2019-09-30 | $395.7M | $168.5M | +74.17% |
| Q2 2019 | 2019-06-30 | $335.7M | $114.7M | +51.89% |
| Q1 2019 | 2019-03-31 | $369.1M | $162.8M | +78.93% |
| Q4 2018 | 2018-12-31 | $215.9M | −$95.1M | −30.58% |
| Q3 2018 | 2018-09-30 | $227.2M | −$26.9M | −10.60% |
| Q2 2018 | 2018-06-30 | $221.0M | −$227.2M | −50.69% |
| Q1 2018 | 2018-03-31 | $206.3M | −$285.2M | −58.03% |
| Q4 2017 | 2017-12-31 | $311.0M | $11.4M | +3.80% |
| Q3 2017 | 2017-09-30 | $254.1M | −$29.2M | −10.32% |
| Q2 2017 | 2017-06-30 | $448.2M | $144.3M | +47.46% |
| Q1 2017 | 2017-03-31 | $491.5M | $361.9M | +279.40% |
| Q4 2016 | 2016-12-31 | $299.6M | $114.0M | +61.39% |
| Q3 2016 | 2016-09-30 | $283.4M | $147.0M | +107.77% |
| Q2 2016 | 2016-06-30 | $303.9M | $91.4M | +42.98% |
| Q1 2016 | 2016-03-31 | $129.5M | −$104.9M | −44.75% |
| Q4 2015 | 2015-12-31 | $185.6M | −$27.8M | −13.05% |
| Q3 2015 | 2015-09-30 | $136.4M | −$67.0M | −32.93% |
| Q2 2015 | 2015-06-30 | $212.6M | −$46.5M | −17.96% |
| Q1 2015 | 2015-03-31 | $234.5M | $50.3M | +27.34% |
| Q4 2014 | 2014-12-31 | $213.5M | — | — |
| Q3 2014 | 2014-09-30 | $203.3M | −$33.7M | −14.22% |
| Q2 2014 | 2014-06-30 | $259.1M | $149.3M | +135.99% |
| Q1 2014 | 2014-03-31 | $184.1M | — | — |
| Q3 2013 | 2013-09-30 | $237.0M | — | — |
| Q2 2013 | 2013-06-30 | $109.8M | — | — |
Ares Management operating expenses trends
Over the last five fiscal years, Ares Management's operating expenses increased from $1.45B to $4.71B, a change of $3.26B. The latest reported quarter, Q2 2026, shows $1.18B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Ares Management source filings ↗