v3.26.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 1,428,610 $ 1,350,128 $ 2,825,046 $ 2,438,933
Expenses        
Compensation and benefits 688,660 643,709 1,381,067 1,300,834
Performance related compensation 231,927 234,706 460,263 357,339
General, administrative and other expenses 255,715 232,156 496,152 460,070
Expenses of Consolidated Funds 3,675 27,007 10,958 33,663
Total expenses 1,179,977 1,137,578 2,348,440 2,151,906
Other income (expense)        
Total other income (expense), net 137,309 74,388 222,257 140,949
Income before taxes 385,942 286,938 698,863 427,976
Income tax expense 72,977 60,958 132,849 78,495
Net income 312,965 225,980 566,014 349,481
Less: Net income attributable to non-controlling interests in Consolidated Funds 71,241 3,999 100,888  
Net income attributable to Ares Operating Group entities 241,724 221,981 465,126  
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 1,845 (274) 732  
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 89,244 85,193 171,170  
Net income attributable to Ares Management Corporation 150,635 137,062 293,224 184,232
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders 125,323 111,750 242,599 133,607
Series B Mandatory Convertible Preferred Stock        
Other income (expense)        
Less: Series B mandatory convertible preferred stock dividends declared 25,312 25,312 50,625 50,625
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 $ 125,323 $ 111,750 $ 242,599 $ 133,607
Net income per share of Class A and non-voting common stock        
Basic (in dollars per share) $ 0.49 $ 0.46 $ 0.95 $ 0.48
Diluted (in dollars per share) $ 0.49 $ 0.46 $ 0.95 $ 0.48
Weighted-average shares of Class A and non-voting common stock        
Basic (in shares) 226,304,870 218,915,599 225,175,788 214,158,085
Diluted (in shares) 226,304,870 218,915,599 225,175,788 214,158,085
Ares Operating Group        
Other income (expense)        
Net realized and unrealized gains on investments $ 72,710 $ 12,708 $ 76,099 $ 12,976
Interest and dividend income 6,522 7,772 13,621 25,428
Interest expense (52,195) (43,575) (102,955) (79,962)
Other income (expense), net (21,092) (46,521) 3,468 (57,235)
Net income attributable to Ares Operating Group entities 241,724 221,981 465,126 289,505
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 1,845 (274) 732 42
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 89,244 85,193 171,170 105,231
Consolidated Funds         
Expenses        
Expenses of Consolidated Funds     10,958  
Other income (expense)        
Net realized and unrealized gains on investments 176,396 127,752 310,412 216,158
Interest expense (104,155) (145,638) (242,956) (298,378)
Interest and other income of Consolidated Funds 59,123 161,890 164,568 321,962
Less: Net income attributable to non-controlling interests in Consolidated Funds 71,241 3,999 100,888 59,976
Management fees        
Revenues        
Total revenues 1,017,563 900,622 2,007,090 1,717,609
Carried interest allocation        
Revenues        
Total revenues 249,914 323,901 396,545 483,909
Incentive fees        
Revenues        
Total revenues 42,753 23,079 204,687 55,127
Principal investment income        
Revenues        
Total revenues 2,288 10,963 2,765 32,961
Administrative, transaction and other fees        
Revenues        
Total revenues $ 116,092 $ 91,563 $ 213,959 $ 149,327