Ares Management (ARES)
Manages credit-led alternative investment strategies across private markets and real assets.
$122.60
vs last close−2.12 (−1.70%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 671 | 1,054 | 707 | 789 | 1,130 | 1,259 | 1,089 | 1,350 | 1,658 | 1,766 | 1,533 | 1,429 |
| Cost of revenue | 368 | 391 | 413 | 420 | 436 | 463 | 657 | 644 | 660 | 483 | 60 | 1,180 |
| Gross profit | 304 | 663 | 294 | 369 | 694 | 796 | 432 | 706 | 998 | 1,283 | 1,474 | 249 |
| 193 | 380 | 126 | 145 | 419 | 518 | 357 | 494 | 648 | 766 | 1,109 | 0 | |
| 186 | 364 | 120 | 140 | 417 | 509 | 351 | 467 | 650 | 0 | 0 | 0 | |
| General & administrative | 186 | 364 | 120 | 140 | 417 | 509 | 351 | 467 | 650 | 0 | 0 | 0 |
| Other expenses | 7 | 15 | 5 | 4 | 2 | 9 | 7 | 27 | −2 | 766 | 1,109 | 0 |
| Operating income | 110 | 283 | 169 | 224 | 275 | 278 | 74 | 213 | 349 | 517 | 365 | 249 |
| 117 | 200 | 62 | 93 | 52 | 122 | 67 | 74 | 303 | −310 | −52 | 137 | |
| Interest income | 260 | 291 | 263 | 247 | 242 | 224 | 178 | 170 | 144 | 128 | 113 | 66 |
| Interest expense | 227 | 243 | 246 | 255 | 231 | 247 | 189 | 189 | 203 | 186 | 190 | 156 |
| Other non-operating income | −344 | −443 | −308 | −348 | −283 | −368 | −256 | −264 | −506 | 124 | −138 | −294 |
| Income before tax | 227 | 483 | 231 | 317 | 327 | 400 | 141 | 287 | 652 | 207 | 313 | 386 |
| Income tax expense | 30 | 60 | 27 | 41 | 46 | 50 | 18 | 61 | 112 | 8 | 60 | 73 |
| Net income from continuing operations | 197 | 424 | 204 | 276 | 281 | 350 | 124 | 226 | 540 | 198 | 253 | 313 |
| Net income | 62 | 174 | 73 | 95 | 118 | 177 | 47 | 137 | 289 | 54 | 143 | 151 |
| EPS, basic | $0.30 | $0.88 | $0.34 | $0.45 | $0.55 | $0.72 | $0.05 | $0.46 | $1.15 | $0.13 | $0.52 | $0.49 |
| EPS, diluted | $0.30 | $0.86 | $0.34 | $0.45 | $0.55 | $0.68 | $0.05 | $0.46 | $1.15 | $0.13 | $0.64 | $0.49 |
| Weighted average shares, basic | 186 | 190 | 193 | 196 | 201 | 203 | 209 | 219 | 220 | 221 | 224 | 226 |
| Weighted average shares, diluted | 186 | 190 | 193 | 196 | 201 | 215 | 209 | 219 | 220 | 221 | 224 | 226 |
| EBITDA | 454 | 726 | 513 | 609 | 558 | 686 | 330 | 476 | 921 | 457 | 562 | 542 |
| Depreciation & amortization | 0 | 0 | 37 | 36 | 0 | 40 | 0 | 0 | 66 | 65 | 60 | 0 |
| EBIT | 454 | 726 | 477 | 572 | 558 | 646 | 330 | 476 | 855 | 393 | 502 | 542 |