Income Statement - Ares Management Corp (ARES)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 6,470.14 | 3,884.78 | 3,631.88 | 3,055.44 | 4,212.09 | 1,764.05 | 1,765.44 | 958.46 | 1,479.94 | 1,254.37 | 814.44 | 603.89 | 478.66 | 334.05 | 2,677.37 |
| Cost of revenue | 1,630.92 | 1,731.75 | 1,486.70 | 1,498.59 | 1,162.63 | 767.25 | 653.35 | 570.38 | 514.11 | 447.73 | 414.45 | 456.37 | 333.90 | 288.72 | 200.78 |
| Gross profit | 4,839.22 | 2,153.03 | 2,145.19 | 1,556.85 | 3,049.46 | 996.79 | 1,112.09 | 388.08 | 965.83 | 806.65 | 399.99 | 147.52 | 144.75 | 45.33 | 6.18 |
| Total operating expenses | 3,077.85 | 1,206.94 | 1,311.16 | 1,250.50 | 2,247.45 | 683.23 | 809.45 | 299.98 | 1,055.09 | 623.86 | 354.59 | 403.67 | 468.00 | 469.81 | 267.13 |
| Operating income | 1,761.37 | 946.09 | 834.03 | 306.36 | 802.01 | 313.56 | 302.64 | 88.10 | -89.26 | 182.79 | 45.40 | -256.15 | -323.24 | -424.49 | -260.95 |
| Non-operating income (net) | -474.48 | 329.26 | 499.04 | 204.45 | 263.68 | 65.92 | 122.54 | 96.24 | 239.12 | 115.14 | 36.08 | 813.07 | 1,195.88 | 1,686.33 | 1,213.89 |
| Income before tax | 1,286.89 | 1,275.35 | 1,333.06 | 510.81 | 1,065.69 | 379.48 | 425.18 | 184.34 | 149.86 | 297.92 | 81.48 | 556.92 | 872.64 | 1,261.84 | 952.94 |
| Income tax expense | 198.54 | 164.62 | 172.97 | 71.89 | 147.39 | 54.99 | 52.38 | 32.20 | -23.05 | 11.02 | 19.06 | 11.25 | 59.26 | 26.15 | 29.57 |
| Net income | 527.36 | 463.74 | 474.33 | 167.54 | 408.84 | 152.14 | 148.88 | 57.02 | 76.18 | 111.81 | 19.38 | 34.99 | 180.48 | 220.65 | 97.35 |
Show Quarterly Income Statement
Income Statement - Ares Management Corp (ARES)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,533.41 | 1,533.41 | 1,657.63 | 1,350.13 | 1,088.81 | 1,259.00 | 1,129.74 | 788.68 | 707.36 | 1,053.98 | 671.26 | 1,093.29 | 813.36 | 937.72 | 801.29 | 601.43 | 715.00 | 1,310.17 | 948.72 | 1,294.82 | 658.39 | 658.01 | 489.87 | 602.76 | 13.41 | 436.93 | 466.49 | 384.82 | 477.20 | 247.43 | 240.78 | 204.16 | 266.09 | 375.10 | 288.40 | 572.20 | 244.24 | 358.20 | 335.46 | 369.54 | 136.02 | 159.52 | 143.85 | 241.16 | 269.91 | 163.48 | 175.16 | 131.62 | 133.63 | 145.94 | 135.88 | 89.30 | 107.54 | 102.69 |
| Cost of revenue | 59.69 | 59.69 | 659.84 | 643.71 | 657.13 | 463.06 | 435.88 | 419.86 | 412.95 | 390.87 | 367.50 | 367.55 | 360.78 | 343.56 | 425.42 | 375.78 | 357.24 | 325.53 | 335.57 | 269.69 | 231.85 | 207.77 | 194.27 | 185.13 | 180.08 | 168.12 | 166.22 | 162.17 | 156.85 | 151.16 | 145.59 | 138.99 | 134.64 | 129.20 | 129.35 | 131.22 | 124.34 | 112.48 | 111.92 | 112.65 | 110.68 | 108.65 | 104.87 | 99.09 | 101.85 | 108.78 | 100.93 | 150.97 | 95.69 | 93.06 | 93.31 | 75.56 | 71.98 | 118.68 |
| Gross profit | 1,473.72 | 1,473.72 | 997.79 | 706.42 | 431.68 | 795.94 | 693.86 | 368.82 | 294.41 | 663.12 | 303.75 | 725.74 | 452.58 | 594.17 | 375.87 | 225.66 | 357.76 | 984.64 | 613.15 | 1,025.13 | 426.54 | 450.24 | 295.60 | 417.63 | -166.68 | 268.81 | 300.27 | 222.65 | 320.35 | 96.28 | 95.18 | 65.17 | 131.45 | 227.08 | 159.06 | 440.98 | 119.91 | 245.72 | 223.54 | 256.88 | 25.34 | 50.87 | 38.98 | 142.08 | 168.05 | 54.70 | 74.23 | -19.35 | 37.94 | 52.88 | 42.57 | 13.74 | 35.56 | -15.99 |
| Total operating expenses | 1,108.77 | 1,108.77 | 648.38 | 493.87 | 357.20 | 517.71 | 419.01 | 144.69 | 125.54 | 379.66 | 193.46 | 470.19 | 267.86 | 342.87 | 472.68 | 177.09 | 254.44 | 721.45 | 477.70 | 755.04 | 293.26 | 284.61 | 198.31 | 298.44 | -98.13 | 194.17 | 229.49 | 173.53 | 212.26 | 64.72 | 81.59 | 82.03 | 71.64 | 181.76 | 129.51 | 355.29 | 369.72 | 187.10 | 171.46 | 191.28 | 18.86 | 76.98 | 31.51 | 183.08 | 225.19 | 104.69 | 102.41 | 108.13 | 88.44 | 148.94 | 143.73 | 34.23 | 141.09 | 8.68 |
| Operating income | 364.95 | 364.95 | 349.41 | 212.55 | 74.48 | 278.23 | 274.85 | 224.14 | 168.87 | 283.46 | 110.30 | 255.55 | 184.73 | 251.29 | -96.81 | 48.56 | 103.32 | 263.19 | 135.45 | 270.09 | 133.28 | 165.63 | 97.29 | 119.19 | -68.55 | 74.64 | 70.79 | 49.12 | 108.09 | 31.56 | 13.59 | -16.85 | 59.81 | 45.31 | 29.54 | 85.69 | -249.81 | 58.62 | 52.09 | 65.60 | 6.48 | -26.10 | 7.47 | -41.00 | -57.13 | -49.99 | -28.18 | -127.48 | -50.50 | -96.06 | -101.16 | -20.49 | -105.53 | -81.84 |
| Non-operating income (net) | -52.03 | -52.03 | 302.86 | 74.39 | 66.56 | 121.64 | 52.25 | 93.19 | 62.18 | 199.64 | 116.58 | 126.42 | 56.40 | 91.52 | 36.43 | 18.50 | 57.99 | 45.67 | 111.54 | 49.69 | 56.79 | 109.52 | 62.36 | 121.91 | -227.86 | 26.62 | 32.79 | 35.26 | 27.87 | -12.68 | 38.75 | 67.93 | 2.24 | 91.63 | 58.88 | 29.39 | 59.22 | 39.84 | 73.34 | 17.41 | -15.45 | 35.67 | -39.55 | 98.55 | 103.58 | 217.62 | -48.71 | 318.97 | 325.18 | 440.55 | 512.15 | -109.93 | 353.11 | 193.88 |
| Income before tax | 312.92 | 312.92 | 652.27 | 286.94 | 141.04 | 399.87 | 327.11 | 317.33 | 231.05 | 483.10 | 226.87 | 381.97 | 241.12 | 342.81 | -60.38 | 67.07 | 161.31 | 308.86 | 246.99 | 319.78 | 190.06 | 275.15 | 159.64 | 241.10 | -296.41 | 101.26 | 103.58 | 84.38 | 135.96 | 18.88 | 52.34 | 51.07 | 62.05 | 136.94 | 88.42 | 115.08 | -190.59 | 98.46 | 125.43 | 83.01 | -8.97 | 9.57 | -32.09 | 57.55 | 46.45 | 167.64 | -76.89 | 191.49 | 274.68 | 344.49 | 410.99 | -130.42 | 247.58 | 112.04 |
| Income tax expense | 59.87 | 59.87 | 111.89 | 60.96 | 17.54 | 49.86 | 46.45 | 41.07 | 27.23 | 59.55 | 29.90 | 49.71 | 33.81 | 49.62 | -11.60 | 13.46 | 20.41 | 42.90 | 30.28 | 48.46 | 25.75 | 32.87 | 18.31 | 24.42 | -20.62 | 16.79 | 11.70 | 9.51 | 14.38 | 2.54 | 5.13 | 36.90 | -12.38 | 5.41 | 4.55 | 1.25 | -34.26 | 3.15 | 7.64 | -4.43 | 4.67 | 3.32 | 5.58 | 6.10 | 4.06 | 10.28 | 2.40 | 5.27 | -6.70 | 23.71 | 4.79 | 6.31 | 24.45 | 2.74 |
| Net income | 142.59 | 142.59 | 288.88 | 137.06 | 47.17 | 177.32 | 118.46 | 94.94 | 73.03 | 173.95 | 61.82 | 144.51 | 94.04 | 117.49 | -35.55 | 39.73 | 45.86 | 124.09 | 84.73 | 141.64 | 58.38 | 79.26 | 47.55 | 56.37 | -31.04 | 38.47 | 33.33 | 32.14 | 44.95 | 11.94 | 15.91 | -11.78 | 40.95 | 39.60 | 27.84 | 49.88 | -41.13 | 34.02 | 43.31 | 37.57 | -3.09 | 0.18 | -11.35 | 12.09 | 18.46 | 3.17 | 13.97 | 17.84 | 281.37 | 473.79 | 406.20 | -136.73 | 61.94 | 51.74 |