v3.26.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 1,396,436 $ 1,088,805
Expenses    
Compensation and benefits 692,407 657,125
Performance related compensation 228,336 122,633
General, administrative and other expenses 240,437 227,914
Expenses of Consolidated Funds 7,283 6,656
Total expenses 1,168,463 1,014,328
Other income (expense)    
Total other income (expense), net 84,948 66,561
Income before taxes 312,921 141,038
Income tax expense 59,872 17,537
Net income 253,049 123,501
Less: Net income attributable to non-controlling interests in Consolidated Funds 29,647  
Net income attributable to Ares Operating Group entities 223,402  
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities (1,113)  
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 81,926  
Net income attributable to Ares Management Corporation 142,589 47,170
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders 117,276 21,857
Series B Mandatory Convertible Preferred Stock    
Other income (expense)    
Less: Series B mandatory convertible preferred stock dividends declared 25,313 25,313
Class A Common Stock and Non-Voting Common Stock    
Other income (expense)    
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 117,276 $ 21,857
Net income per share of Class A and non-voting common stock    
Basic (in dollars per share) $ 0.46 $ 0.00
Diluted (in dollars per share) $ 0.46 $ 0.00
Weighted-average shares of Class A and non-voting common stock    
Basic (in shares) 224,033,628 209,350,849
Diluted (in shares) 224,033,628 209,350,849
Ares Operating Group    
Other income (expense)    
Net realized and unrealized gains (losses) on investments $ 3,389 $ 268
Interest and dividend income 7,099 17,656
Interest expense (50,760) (36,387)
Other income (expense), net 24,560 (10,714)
Net income attributable to Ares Operating Group entities 223,402 67,524
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities (1,113) 316
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 81,926 20,038
Consolidated Funds     
Expenses    
Expenses of Consolidated Funds 7,283  
Other income (expense)    
Net realized and unrealized gains (losses) on investments 134,016 88,406
Interest expense (138,801) (152,740)
Interest and other income of Consolidated Funds 105,445 160,072
Less: Net income attributable to non-controlling interests in Consolidated Funds 29,647 55,977
Management fees    
Revenues    
Total revenues 989,527 816,987
Carried interest allocation    
Revenues    
Total revenues 146,631 160,008
Incentive fees    
Revenues    
Total revenues 161,934 32,048
Principal investment income    
Revenues    
Total revenues 477 21,998
Administrative, transaction and other fees    
Revenues    
Total revenues $ 97,867 $ 57,764