Ares Management (ARES): financials, SEC filings and peers
Ares Management (ARES) is an asset management & custody banks company in the Financials sector of the S&P 500, headquartered in Los Angeles, California.
It was founded in 1977 and joined the S&P 500 on December 11, 2025.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Investment Advice”.
Ares Management at a glance
- Revenue (12 months)
- $5.4B
- Revenue growth
- +21.9%
- Operating margin
- 21.2%
- Net income (12 months)
- $433M
- Free cash flow (12 months)
- —
- Cash
- $598M
- Debt
- —
- Diluted EPS (12 months)
- —
Twelve months to September 30, 2026, from the 10-Q filed November 6, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Ares Management reported revenue of $5.4 billion, up 21.9% from a year earlier.
Its operating margin was 21.2%, down 12.2 percentage points from a year earlier: for every $100 of sales, about $21 was left as operating profit.
Net income was $433 million (8.0% of revenue), 33.5% lower than a year earlier.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
At the end of the period it held $598 million in cash and not reported in debt, a net cash position of $598 million.
Five-year trend
- Revenue went from $1.8 billion in fiscal 2020 to $4.8 billion in fiscal 2025, about 22.1% a year.
- Revenue has grown for 5 fiscal years in a row.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.9B | $3.2B | $3.7B | $4.8B |
| Revenue growth | 30.5% | 25.8% | 12.4% | 14.0% | 28.9% |
| Operating margin | — | — | — | — | — |
| Net income | $409M | $168M | $474M | $464M | $527M |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — |
Fiscal years as reported in Ares Management’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 6, 2026 — quarterly report
- 8-K filed October 29, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed September 30, 2026 — Regulation FD disclosure
- 10-Q filed August 7, 2026 — quarterly report
- 8-K filed July 31, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed July 10, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed June 11, 2026 — Shareholder vote results
- 8-K filed May 28, 2026 — Material agreement; New debt obligation
Companies like Ares Management
Other S&P 500 companies in Asset Management & Custody Banks:
- AMPAmeriprise FinancialMinneapolis, Minnesota
- APOApollo Global ManagementNew York City, New York
- BENFranklin ResourcesSan Mateo, California
- BLKBlackRockNew York City, New York
- BNYBNY MellonNew York City, New York
- BXBlackstone Inc.New York City, New York
- IVZInvescoAtlanta, Georgia
- KKRKKR & Co.New York City, New York
More from Financials
Questions about Ares Management
Is Ares Management's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $5.4 billion, up 21.9% from a year earlier, according to its SEC filings.
Is Ares Management profitable?
Yes. It earned $433 million in net income over the twelve months to September 30, 2026, a net margin of 8.0%.
When did Ares Management last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 6, 2026.
Which companies are similar to Ares Management?
In the S&P 500, Ares Management is grouped in Asset Management & Custody Banks within the Financials sector. Ameriprise Financial (AMP), Apollo Global Management (APO), Franklin Resources (BEN), BlackRock (BLK), BNY Mellon (BNY) are in the same group.
Understand the numbers
Source: Ares Management’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.