56/100B133.910
USD
0.21
(0.16%)
Market Closed
Last updated: · Delayed 15 min
Fair value170.03Plus-21%128Price 133.91213
Q4 FY2026 · Earnings report
EPS estimate 1.87Revenue estimate 1.80B
Q4 FY2026 · Earnings report
EPS estimate 1.87Revenue estimate 1.80B
Ares Management income statement 2011–2026
6.24B USD over the last twelve months, and 6.47B USD in fiscal year 2025.
Revenue Operating income Net income
Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.
| Fiscal year | TTM 30 Sept 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 | FY2017 31 Dec 2017 | FY2016 31 Dec 2016 | FY2015 31 Dec 2015 | FY2014 31 Dec 2014 | FY2013 31 Dec 2013 | FY2012 31 Dec 2012 | FY2011 31 Dec 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.24B | 6.47B | 3.88B | 3.63B | 3.06B | 4.21B | 1.76B | 1.77B | 958.46M | 1.48B | 1.25B | 814.44M | 603.89M | 478.66M | 334.05M | 2.68B | |
Revenue growth | +16.54% | +66.55% | +6.96% | +18.87% | -27.46% | +138.77% | -0.08% | +84.20% | -35.24% | +17.98% | +54.02% | |||||
Cost of revenue | 2.03B | 1.63B | 1.73B | 1.49B | 1.50B | 1.16B | 767.25M | 653.35M | 570.38M | 514.11M | 447.73M | 414.45M | 456.37M | 333.90M | 288.72M | 200.78M |
Gross profit | 4.21B | 4.84B | 2.15B | 2.15B | 1.56B | 3.05B | 996.79M | 1.11B | 388.08M | 965.83M | 806.65M | 399.99M | 147.52M | 144.75M | 45.33M | 6.18M |
Gross margin | 67.43% | 74.79% | 55.42% | 59.07% | 50.95% | 72.40% | 56.51% | 62.99% | 40.49% | 65.26% | 64.31% | |||||
Selling, general and administrative | — | 0.00 | 1.19B | 1.27B | 1.21B | 2.18B | 663.12M | 767.40M | 246.22M | 676.45M | 547.62M | 336.48M | 336.87M | 332.76M | 353.31M | 189.03M |
Operating expenses | — | 3.08B | 1.21B | 1.31B | 1.25B | 2.25B | 683.23M | 809.45M | 299.98M | 1.06B | 623.86M | 354.59M | 403.67M | 468.00M | 469.81M | 267.13M |
| 1.50B | 1.76B | 946.09M | 834.03M | 306.36M | 802.01M | 313.56M | 302.64M | 88.10M | -89.26M | 182.79M | 45.40M | -256.15M | -323.24M | -424.49M | -260.95M | |
Operating income growth | +63.54% | +86.17% | +13.44% | +172.24% | -61.80% | +155.78% | +3.61% | +243.52% | — | -148.83% | +302.59% | |||||
Operating margin | 23.97% | 27.22% | 24.35% | 22.96% | 10.03% | 19.04% | 17.78% | 17.14% | 9.19% | -6.03% | 14.57% | |||||
Interest income | 467.78M | 670.87M | 976.40M | 1.01B | 595.93M | 447.68M | 471.72M | 403.11M | 344.90M | 194.76M | 143.44M | 131.42M | 945.08M | 1.24B | 1.42B | 1.43B |
Interest expense | 782.70M | 767.46M | 978.30M | 860.88M | 482.72M | 294.81M | 311.22M | 297.42M | 244.34M | 147.95M | 109.43M | 97.77M | 674.99M | 543.91M | 458.06M | 333.91M |
Other non-operating income | -348.69M | -474.48M | 329.26M | 499.04M | 204.45M | 263.68M | 65.92M | 122.54M | 96.24M | 239.12M | 115.14M | 36.08M | 813.07M | 1.20B | 1.69B | 1.21B |
Pretax income | 1.15B | 1.29B | 1.28B | 1.33B | 510.81M | 1.07B | 379.48M | 425.18M | 184.34M | 149.86M | 297.92M | 81.48M | 556.92M | 872.64M | 1.26B | 952.94M |
Income tax | 177.24M | 198.54M | 164.62M | 172.97M | 71.89M | 147.39M | 54.99M | 52.38M | 32.20M | -23.05M | 11.02M | 19.06M | 11.25M | 59.26M | 26.15M | 29.57M |
Effective tax rate | 15.45% | 15.43% | 12.91% | 12.98% | 14.07% | 13.83% | 14.49% | 12.32% | 17.47% | -15.38% | 3.70% | |||||
| 432.80M | 527.36M | 463.74M | 474.33M | 167.54M | 408.84M | 152.14M | 148.88M | 57.02M | 76.18M | 111.81M | 19.38M | 34.99M | 180.48M | 220.65M | 97.35M | |
Net income growth | -33.46% | +13.72% | -2.23% | +183.11% | -59.02% | +168.72% | +2.19% | +161.11% | -25.15% | -31.87% | +476.98% | |||||
Net margin | 6.93% | 8.15% | 11.94% | 13.06% | 5.48% | 9.71% | 8.62% | 8.43% | 5.95% | 5.15% | 8.91% | |||||
Basic shares | 224.75M | 217.36M | 198.05M | 184.52M | 175.51M | 163.70M | 135.07M | 107.91M | 96.02M | 81.84M | 80.75M | 80.67M | 80.36M | 80.44M | 94.17M | 75.46M |
| 224.75M | 217.36M | 198.05M | 195.77M | 175.51M | 180.11M | 149.51M | 119.88M | 96.02M | 81.84M | 82.94M | 80.67M | 80.36M | 94.17M | 94.17M | 80.10M | |
Change in diluted shares | +4.14% | +9.75% | +1.17% | +11.54% | -2.55% | +20.47% | +24.72% | +24.84% | +17.33% | -1.33% | +2.81% | |||||
EPS (basic) | 1.40 | 1.96 | 2.07 | 2.46 | 0.87 | 2.25 | 0.89 | 1.11 | 0.30 | 0.62 | 1.22 | 0.23 | 0.43 | 2.39 | 2.34 | 1.29 |
| 1.52 | 1.96 | 2.07 | 2.42 | 0.87 | 2.15 | 0.87 | 1.06 | 0.30 | 0.62 | 1.20 | 0.23 | 0.43 | 2.24 | 2.34 | 1.22 | |
EPS growth | -35.12% | -5.31% | -14.46% | +178.16% | -59.53% | +147.13% | -17.92% | +253.33% | -51.61% | -48.33% | +421.74% | |||||
Dividends per share | 5.17 | 4.48 | 3.72 | 3.08 | 2.44 | 1.88 | 1.60 | 1.28 | 1.33 | 1.26 | 0.83 | 0.88 | 0.42 | 0.00 | 0.00 | 0.00 |
Dividend growth | +20.51% | +20.43% | +20.78% | +26.23% | +29.79% | +17.50% | +25.00% | -4.00% | +5.82% | +51.81% | -5.68% | |||||
EBITDA | 2.11B | 2.30B | 2.41B | 2.43B | 1.33B | 1.47B | 731.95M | 762.06M | 457.20M | 330.61M | 444.81M | 234.53M | 1.27B | 1.47B | 1.73B | 1.31B |
EBITDA margin | 33.88% | 35.51% | 62.09% | 66.79% | 43.69% | 34.99% | 41.49% | 43.17% | 47.70% | 22.34% | 35.46% | |||||
EBIT | 1.93B | 2.05B | 2.25B | 2.19B | 993.52M | 1.36B | 690.70M | 722.60M | 428.68M | 297.81M | 407.35M | 179.25M | 1.23B | 1.42B | 1.72B | 1.29B |
| Quarter | Q3 FY2026 30 Sept 2026 | Q2 FY2026 30 Jun 2026 | Q1 FY2026 27 Mar 2026 | Q4 FY2025 31 Dec 2025 | Q3 FY2025 30 Sept 2025 | Q2 FY2025 30 Jun 2025 | Q1 FY2025 31 Mar 2025 | Q4 FY2024 31 Dec 2024 | Q3 FY2024 30 Sept 2024 | Q2 FY2024 30 Jun 2024 | Q1 FY2024 31 Mar 2024 | Q4 FY2023 31 Dec 2023 | Q3 FY2023 30 Sept 2023 | Q2 FY2023 30 Jun 2023 | Q1 FY2023 31 Mar 2023 | Q4 FY2022 31 Dec 2022 | Q3 FY2022 30 Sept 2022 | Q2 FY2022 30 Jun 2022 | Q1 FY2022 31 Mar 2022 | Q4 FY2021 31 Dec 2021 | Q3 FY2021 30 Sept 2021 | Q2 FY2021 30 Jun 2021 | Q1 FY2021 31 Mar 2021 | Q4 FY2020 31 Dec 2020 | Q3 FY2020 30 Sept 2020 | Q2 FY2020 30 Jun 2020 | Q1 FY2020 31 Mar 2020 | Q4 FY2019 31 Dec 2019 | Q3 FY2019 30 Sept 2019 | Q2 FY2019 30 Jun 2019 | Q1 FY2019 31 Mar 2019 | Q4 FY2018 31 Dec 2018 | Q3 FY2018 30 Sept 2018 | Q2 FY2018 30 Jun 2018 | Q1 FY2018 31 Mar 2018 | Q4 FY2017 31 Dec 2017 | Q3 FY2017 30 Sept 2017 | Q2 FY2017 30 Jun 2017 | Q1 FY2017 31 Mar 2017 | Q4 FY2016 31 Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.51B | 1.43B | 1.53B | 1.77B | 1.66B | 1.35B | 1.09B | 1.26B | 1.13B | 788.68M | 707.36M | 1.05B | 671.26M | 1.09B | 813.36M | 937.72M | 801.29M | 601.43M | 715.00M | 1.31B | 948.72M | 1.29B | 658.39M | 658.01M | 489.87M | 602.76M | 13.41M | 436.93M | 466.49M | 384.82M | 477.20M | 247.43M | 240.78M | 204.16M | 266.09M | 375.10M | 288.40M | 572.20M | 244.24M | 358.20M | |
Revenue growth | -8.69% | +5.81% | +40.83% | +40.25% | +46.73% | +71.19% | +53.92% | +19.45% | +68.30% | -27.86% | ||||||||||||||||||||||||||||||
Cost of revenue | 310.46M | 1.18B | 59.69M | 482.96M | 659.84M | 643.71M | 657.13M | 463.06M | 435.88M | 419.86M | 412.95M | 390.87M | 367.50M | 367.55M | 360.78M | 343.56M | 425.42M | 375.78M | 357.24M | 325.53M | 335.57M | 269.69M | 231.85M | 207.77M | 194.27M | 185.13M | 180.08M | 168.12M | 166.22M | 162.17M | 156.85M | 151.16M | 145.59M | 138.99M | 134.64M | 129.20M | 129.35M | 131.22M | 124.34M | 112.48M |
Gross profit | 1.20B | 248.63M | 1.47B | 1.28B | 997.79M | 706.42M | 431.68M | 795.94M | 693.86M | 368.82M | 294.41M | 663.12M | 303.75M | 725.74M | 452.58M | 594.17M | 375.87M | 225.66M | 357.76M | 984.64M | 613.15M | 1.03B | 426.54M | 450.24M | 295.60M | 417.63M | -166.68M | 268.81M | 300.27M | 222.65M | 320.35M | 96.28M | 95.18M | 65.17M | 131.45M | 227.08M | 159.06M | 440.98M | 119.91M | 245.72M |
Gross margin | 79.49% | 17.40% | 96.11% | 72.65% | 60.19% | 52.32% | 39.65% | 63.22% | 61.42% | 46.76% | ||||||||||||||||||||||||||||||
Selling, general and administrative | 371.01M | 0.00 | 0.00 | 0.00 | 650.25M | 466.86M | 350.55M | 508.51M | 416.72M | 140.45M | 120.40M | 364.34M | 186.39M | 456.93M | 260.00M | 334.83M | 462.29M | 163.64M | 249.93M | 690.54M | 465.59M | 739.74M | 289.09M | 281.20M | 192.29M | 295.19M | -105.57M | 182.99M | 218.60M | 158.10M | 207.71M | 60.22M | 68.76M | 46.91M | 70.33M | 170.22M | 105.74M | 312.46M | 88.04M | 177.04M |
Operating expenses | 838.07M | 0.00 | 1.11B | 765.69M | 648.38M | 493.87M | 357.20M | 517.71M | 419.01M | 144.69M | 125.54M | 379.66M | 193.46M | 470.19M | 267.86M | 342.87M | 472.68M | 177.09M | 254.44M | 721.45M | 477.70M | 755.04M | 293.26M | 284.61M | 198.31M | 298.44M | -98.13M | 194.17M | 229.49M | 173.53M | 212.26M | 64.72M | 81.59M | 82.03M | 71.64M | 181.76M | 129.51M | 355.29M | 369.72M | 187.10M |
| 365.13M | 248.63M | 364.95M | 517.13M | 349.41M | 212.55M | 74.48M | 278.23M | 274.85M | 224.14M | 168.87M | 283.46M | 110.30M | 255.55M | 184.73M | 251.29M | -96.81M | 48.56M | 103.32M | 263.19M | 135.45M | 270.09M | 133.28M | 165.63M | 97.29M | 119.19M | -68.55M | 74.64M | 70.79M | 49.12M | 108.09M | 31.56M | 13.59M | -16.85M | 59.81M | 45.31M | 29.54M | 85.69M | -249.81M | 58.62M | |
Operating income growth | +4.50% | +16.98% | +390.01% | +85.86% | +27.13% | -5.17% | -55.90% | -1.84% | +149.20% | -12.29% | ||||||||||||||||||||||||||||||
Operating margin | 24.12% | 17.40% | 23.80% | 29.29% | 21.08% | 15.74% | 6.84% | 22.10% | 24.33% | 28.42% | ||||||||||||||||||||||||||||||
Interest income | 161.46M | 65.65M | 112.59M | 128.08M | 144.47M | 169.66M | 177.73M | 224.14M | 242.23M | 247.38M | 262.66M | 290.55M | 260.35M | 237.14M | 226.78M | 194.78M | 160.50M | 118.85M | 121.79M | 107.12M | 105.40M | 118.36M | 116.80M | 120.49M | 117.93M | 118.29M | 115.02M | 94.27M | 109.95M | 103.86M | 95.03M | 88.28M | 93.87M | 94.99M | 67.77M | 134.43M | 49.94M | 39.79M | 43.42M | 107.25M |
Interest expense | 250.69M | 156.35M | 189.56M | 186.10M | 203.02M | 189.21M | 189.13M | 246.57M | 230.93M | 255.11M | 245.69M | 243.12M | 227.34M | 208.74M | 181.67M | 165.52M | 131.07M | 96.47M | 89.66M | 78.11M | 73.10M | 65.88M | 77.72M | 70.16M | 73.14M | 82.38M | 85.55M | 77.29M | 75.83M | 73.80M | 70.50M | 63.31M | 66.91M | 62.83M | 51.29M | 117.40M | 33.47M | 32.23M | 36.20M | 79.67M |
Other non-operating income | -123.49M | 137.31M | -52.03M | -310.48M | 302.86M | 74.39M | 66.56M | 121.64M | 52.25M | 93.19M | 62.18M | 199.64M | 116.58M | 126.42M | 56.40M | 91.52M | 36.43M | 18.50M | 57.99M | 45.67M | 111.54M | 49.69M | 56.79M | 109.52M | 62.36M | 121.91M | -227.86M | 26.62M | 32.79M | 35.26M | 27.87M | -12.68M | 38.75M | 67.93M | 2.24M | 91.63M | 58.88M | 29.39M | 59.22M | 39.84M |
Pretax income | 241.64M | 385.94M | 312.92M | 206.65M | 652.27M | 286.94M | 141.04M | 399.87M | 327.11M | 317.33M | 231.05M | 483.10M | 226.87M | 381.97M | 241.12M | 342.81M | -60.38M | 67.07M | 161.31M | 308.86M | 246.99M | 319.78M | 190.06M | 275.15M | 159.64M | 241.10M | -296.41M | 101.26M | 103.58M | 84.38M | 135.96M | 18.88M | 52.34M | 51.07M | 62.05M | 136.94M | 88.42M | 115.08M | -190.59M | 98.46M |
Income tax | 36.24M | 72.98M | 59.87M | 8.15M | 111.89M | 60.96M | 17.54M | 49.86M | 46.45M | 41.07M | 27.23M | 59.55M | 29.90M | 49.71M | 33.81M | 49.62M | -11.60M | 13.46M | 20.41M | 42.90M | 30.28M | 48.46M | 25.75M | 32.87M | 18.31M | 24.42M | -20.62M | 16.79M | 11.70M | 9.51M | 14.38M | 2.54M | 5.13M | 36.90M | -12.38M | 5.41M | 4.55M | 1.25M | -34.26M | 3.15M |
Effective tax rate | 15.00% | 18.91% | 19.13% | 3.94% | 17.15% | 21.24% | 12.43% | 12.47% | 14.20% | 12.94% | ||||||||||||||||||||||||||||||
| 85.33M | 150.64M | 142.59M | 54.25M | 288.88M | 137.06M | 47.17M | 177.32M | 118.46M | 94.94M | 73.03M | 173.95M | 61.82M | 144.51M | 94.04M | 117.49M | -35.55M | 39.73M | 45.86M | 124.09M | 84.73M | 141.64M | 58.38M | 79.26M | 47.55M | 56.37M | -31.04M | 38.47M | 33.33M | 32.14M | 44.95M | 11.94M | 15.91M | -11.78M | 40.95M | 39.60M | 27.84M | 49.88M | -41.13M | 34.02M | |
Net income growth | -70.46% | +9.90% | +202.29% | -69.41% | +143.86% | +44.37% | -35.41% | +1.94% | +91.61% | -34.31% | ||||||||||||||||||||||||||||||
Net margin | 5.64% | 10.54% | 9.30% | 3.07% | 17.43% | 10.15% | 4.33% | 14.08% | 10.49% | 12.04% | ||||||||||||||||||||||||||||||
Basic shares | 227.52M | 226.30M | 224.03M | 221.14M | 219.88M | 218.92M | 209.35M | 202.60M | 200.72M | 196.19M | 192.62M | 189.76M | 186.22M | 183.00M | 178.98M | 175.51M | 175.63M | 175.16M | 174.22M | 163.70M | 168.93M | 164.79M | 149.27M | 135.07M | 143.47M | 133.64M | 118.37M | 107.91M | 108.48M | 105.19M | 102.91M | 96.02M | 98.71M | 98.04M | 85.62M | 82.23M | 82.17M | 81.83M | 81.11M | 80.80M |
| 227.52M | 226.30M | 224.03M | 221.14M | 219.88M | 218.92M | 209.35M | 215.08M | 200.72M | 196.19M | 192.62M | 189.76M | 186.22M | 194.06M | 178.98M | 189.83M | 175.63M | 175.16M | 174.22M | 188.93M | 186.52M | 181.03M | 163.66M | 149.51M | 158.12M | 146.90M | 118.37M | 119.88M | 121.89M | 116.60M | 110.70M | 101.53M | 98.71M | 98.04M | 92.29M | 86.55M | 82.17M | 84.32M | 81.11M | 83.78M | |
Change in diluted shares | +3.47% | +3.38% | +7.01% | +2.82% | +9.54% | +11.59% | +8.68% | +13.34% | +7.79% | +1.10% | ||||||||||||||||||||||||||||||
EPS (basic) | 0.26 | 0.49 | 0.52 | 0.13 | 1.15 | 0.46 | 0.05 | 0.72 | 0.55 | 0.45 | 0.34 | 0.88 | 0.30 | 0.77 | 0.50 | 0.64 | -0.22 | 0.21 | 0.24 | 0.70 | 0.49 | 0.71 | 0.35 | 0.54 | 0.27 | 0.36 | -0.33 | 0.27 | 0.24 | 0.24 | 0.36 | 0.05 | 0.09 | -0.20 | 0.39 | 0.40 | 0.26 | 0.54 | -0.58 | 0.35 |
| 0.26 | 0.49 | 0.64 | 0.13 | 1.15 | 0.46 | 0.05 | 0.68 | 0.55 | 0.45 | 0.34 | 0.86 | 0.30 | 0.74 | 0.50 | 0.60 | -0.22 | 0.21 | 0.24 | 0.66 | 0.45 | 0.69 | 0.32 | 0.48 | 0.27 | 0.35 | -0.33 | 0.25 | 0.23 | 0.23 | 0.36 | 0.05 | 0.09 | -0.20 | 0.36 | 0.38 | 0.26 | 0.53 | -0.58 | 0.34 | |
EPS growth | -77.39% | +6.52% | +1,112.12% | -80.88% | +109.09% | +2.22% | -84.47% | -20.93% | +83.33% | -39.19% | ||||||||||||||||||||||||||||||
Dividends per share | 1.35 | 1.35 | 1.35 | 1.12 | 1.12 | 1.12 | 1.12 | 0.93 | 0.93 | 0.93 | 0.93 | 0.77 | 0.77 | 0.77 | 0.77 | 0.61 | 0.61 | 0.61 | 0.61 | 0.47 | 0.47 | 0.47 | 0.47 | 0.40 | 0.40 | 0.40 | 0.40 | 0.32 | 0.32 | 0.32 | 0.32 | 0.28 | 0.28 | 0.37 | 0.40 | 0.41 | 0.31 | 0.26 | 0.28 | 0.20 |
Dividend growth | +20.54% | +20.54% | +20.54% | +20.43% | +20.43% | +20.43% | +20.43% | +20.78% | +20.78% | +20.78% | ||||||||||||||||||||||||||||||
EBITDA | 552.90M | 542.29M | 562.18M | 457.31M | 921.25M | 476.15M | 330.17M | 686.12M | 604.04M | 608.69M | 513.38M | 726.22M | 559.73M | 633.70M | 422.80M | 849.67M | 290.17M | 204.05M | 250.97M | 386.97M | 320.09M | 385.66M | 267.78M | 362.27M | 232.78M | 323.48M | -210.87M | 178.55M | 179.40M | 163.40M | 206.46M | 87.05M | 119.25M | 113.90M | 120.52M | 287.15M | 129.01M | 155.36M | -145.90M | 186.97M |
EBITDA margin | 36.53% | 37.96% | 36.66% | 25.90% | 55.58% | 35.27% | 30.32% | 54.50% | 53.47% | 77.18% | ||||||||||||||||||||||||||||||
EBIT | 492.32M | 542.29M | 502.48M | 392.75M | 855.29M | 476.15M | 330.17M | 646.44M | 558.04M | 572.44M | 476.74M | 726.22M | 454.21M | 590.71M | 422.80M | 508.32M | 70.69M | 163.54M | 250.97M | 386.97M | 320.09M | 385.66M | 267.78M | 345.31M | 232.78M | 323.48M | -210.87M | 178.55M | 179.40M | 158.18M | 206.46M | 82.19M | 119.25M | 113.90M | 113.34M | 254.34M | 121.89M | 147.31M | -154.39M | 178.14M |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Common questions about Ares Management's income statement
Source: Financial Modeling Prep