The financials
Ares Management by the numbers
Ares Management (ARES) reported revenue of $1.30B in Q1 2026 (quarter ended March 31, 2026), up 29% from the same quarter a year earlier. That came with net income of $143M (11% of revenue). For the full year FY2025, revenue was $4.76B (+29% year on year) and net income $527M. Its largest segment in 2026-Q2 was Credit Group at $703M, 68% of the disclosed total, just ahead of Real Assets Group at 20%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.30B | $1.00B | +29% |
| Operating income | $130M | −$9.8M | to a profit |
| Net income | $143M | $47M | +202% |
| Operating | Revenue | Share |
|---|---|---|
| Credit Group | $703M | 68% |
| Real Assets Group | $203M | 20% |
| Secondaries Group | $72M | 7.0% |
| Private Equity Group | $34M | 3.3% |
| All Other | $18M | 1.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.03B (+2.8%)
All Other grew +32% year on yearPrivate Equity Group +6.4% year on year
Segment Latestquarter on quarteryear on year
- Credit Group$703.5M$703.5MQoQ +2.7%year on year +14%+2.7%+14%
- Real Assets Group$202.6M$202.6MQoQ +3.0%year on year +15%+3.0%+15%
- Secondaries Group$71.9M$71.9MQoQ +2.3%year on year +17%+2.3%+17%
- Private Equity Group$33.8M$33.8MQoQ +2.1%year on year +6.4%+2.1%+6.4%
- All Other$18.3M$18.3MQoQ +8.3%year on year +32%+8.3%+32%
- Credit Group--QoQ -year on year ---
- Private Equity Group--QoQ -year on year ---
- Real Assets Group--QoQ -year on year ---
- Secondaries Group--QoQ -year on year ---