v3.26.1
Condensed Consolidated Statements of Changes in Equity (unaudited) - USD ($)
$ in Thousands
Total
Additional Paid-in-Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non-Controlling interest
Ares Operating Group
Non-Controlling interest
Consolidated Funds 
Series B Mandatory Convertible Preferred Stock
Preferred Stock
Class A Common Stock
Common Stock
Non-voting Common Stock
Common Stock
Class C Common Stock
Common Stock
Beginning balance at Dec. 31, 2024 $ 6,824,190 $ 2,936,794 $ (837,294) $ (17,757) $ 1,254,878 $ 2,025,666 $ 1,458,771 $ 1,999 $ 35 $ 1,098
Increase (Decrease) in Stockholders' Equity                    
Changes in ownership interests and related tax benefits (387,807) (707,255)     354,253 (34,832)   47   (20)
Adjustment to issuance costs of Series B mandatory convertible preferred stock 1,147           1,147      
Issuances of common stock 1,642,317 1,642,214           103    
Issuances of AOG Units 15,564       15,561         3
Capital contributions 295,870       120 295,750        
Dividends and distributions (630,862)   (258,691)   (138,003) (208,855) (25,313)      
Net income 123,185   21,857   20,038 55,977 25,313      
Currency translation adjustment, net of tax 70,373     42,101 21,934 6,338        
Equity compensation 257,862 168,955     88,907          
Ending balance at Mar. 31, 2025 8,211,839 4,040,708 (1,074,128) 24,344 1,617,688 2,140,044 1,459,918 2,149 35 1,081
Increase (Decrease) in Stockholders' Equity                    
Changes in ownership interests and related tax benefits 129,488 (61,923)     (52,023) 243,432   10   (8)
Capital contributions 38,755       1,333 37,422        
Dividends and distributions (539,071)   (259,233)   (143,626) (110,900) (25,312)      
Net income 226,254   111,750   85,193 3,999 25,312      
Currency translation adjustment, net of tax 24,842     7,852 3,422 13,568        
Equity compensation 165,091 109,276     55,815          
Ending balance at Jun. 30, 2025 8,257,198 4,088,061 (1,221,611) 32,196 1,567,802 2,327,565 1,459,918 2,159 35 1,073
Increase (Decrease) in Stockholders' Equity                    
Changes in ownership interests and related tax benefits (14,018) 4,834     (46,698) 27,846   8   (8)
Adjustment to issuance costs of Series B mandatory convertible preferred stock 840           840      
Issuances of common stock 1             1    
Capital contributions 121,077       1 121,076        
Dividends and distributions (452,942)   (260,640)   (137,725) (29,264) (25,313)      
Net income 538,582   263,569   182,293 67,407 25,313      
Currency translation adjustment, net of tax (4,588)     (2,439) (1,537) (612)        
Equity compensation 160,130 106,032     54,098          
Ending balance at Sep. 30, 2025 8,606,280 4,198,927 (1,218,682) 29,757 1,618,234 2,514,018 1,460,758 2,168 35 1,065
Increase (Decrease) in Stockholders' Equity                    
Changes in ownership interests and related tax benefits 140,343 (60,991)     (16,291) 217,622   17   (14)
Issuance of Series B mandatory convertible preferred stock (728)           (728)      
Capital contributions 563,299       9 563,290        
Dividends and distributions (977,267)   (262,513)   (171,926) (517,516) (25,312)      
Net income 198,988   28,936   18,219 126,521 25,312      
Currency translation adjustment, net of tax (12,289)     (8,014) (4,198) (77)        
Equity compensation 157,466 104,742     52,724          
Ending balance at Dec. 31, 2025 8,676,092 4,242,678 (1,452,259) 21,743 1,496,771 2,903,858 1,460,030 2,185 35 1,051
Increase (Decrease) in Stockholders' Equity                    
Changes in ownership interests and related tax benefits (511,924) (190,680)     (122,909) (198,361)   34   (8)
Issuances of common stock 15,997 15,996           1    
Capital contributions 335,683       13,727 321,956        
Dividends and distributions (602,287)   (321,588)   (175,554) (79,832) (25,313)      
Net income 254,162   117,276   81,926 29,647 25,313      
Currency translation adjustment, net of tax (11,955)     (7,754) (3,624) (577)        
Equity compensation 203,632 136,695     66,937          
Ending balance at Mar. 31, 2026 $ 8,359,400 $ 4,204,689 $ (1,656,571) $ 13,989 $ 1,357,274 $ 2,976,691 $ 1,460,030 $ 2,220 $ 35 $ 1,043