ARES · Business segments
Ares Management (ARES) revenue by segment
Where Ares Management’s revenue comes from, as reported in its SEC filings.
Latest quarter: June 30, 2026
Total revenue on the income statement: $1.43B.
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Management Service | $1.02B | 71.2% |
| Carried Interest | $249.9M | 17.5% |
| Administrative Service | $116.1M | 8.1% |
| Management Service, Incentive | $42.8M | 3.0% |
| Principal Investment Income (Loss) | $2.3M | 0.2% |
Latest year: December 31, 2025
Total revenue on the income statement: $5.6B.
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Management Service | $3.68B | 65.7% |
| Carried Interest | $1.15B | 20.6% |
| Management Service, Incentive | $362.5M | 6.5% |
| Administrative Service | $356.4M | 6.4% |
| Principal Investment Income (Loss) | $48.1M | 0.9% |
Reading notes
Share is each line’s part of that breakdown. Margin is the company’s reported segment operating income divided by that segment’s revenue. Companies define segment profit differently and may re-cut segments over time, so a company’s lines can differ between years. Breakdowns that do not add up to within 5% of reported revenue are left out.