Ares Management LP (ARES) revenue breakdown
By product, Management fees is the largest at 66% of fiscal 2025 revenue; Incentive fees grew fastest, 57% a year over 5 years.
Revenue by product
Fiscal years, as Ares Management LP reports them in its 10-K filings; fiscal 2025 total $5.6B.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Management fees | $1.2B | $1.6B | $2.1B | $2.6B | $2.9B | $3.7B | 66% |
| Carried interest | $506M | $2.1B | $458M | $619M | $390M | $1.2B | 21% |
| Incentive fees | $38M | $333M | $301M | $277M | $344M | $362M | 6% |
| Administrative, transaction and other fees | $41M | $95M | $148M | $149M | $163M | $356M | 6% |
| Principal investment income | $29M | $99M | $12M | $37M | $45M | $48M | 1% |
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Where does Ares Management LP make its money?
In fiscal 2025, by product: Management fees $3.7B, Carried interest $1.2B, Incentive fees $362M, Administrative, transaction and other fees $356M, Principal investment income $48M.
From Ares Management LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.