Ares Management Q4 realized income up 22% to $529.1 million; GAAP net income falls
Ares Management reported fourth-quarter 2025 results and declared a quarterly dividend of $1.35 per share, which it said is a 20% increase. Fee-related and after-tax realized income rose from a year earlier, but GAAP net income attributable to the company fell sharply.
Key points
- GAAP net income attributable to Ares was $54.2 million for Q4 2025, down from $177.3 million in Q4 2024; GAAP EPS was $0.08 versus $0.72
- After-tax realized income was $529.1 million, up 22% from $434.7 million, or $1.45 per Class A share versus $1.23
- Fee related earnings were $527.7 million, up 33% from $396.2 million; total revenues were $1.50 billion versus $1.26 billion
- Quarterly common dividend of $1.35 per share is payable March 31, 2026 to holders of record on March 17, 2026
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.