A
ARES
ARESUnverified7 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$4.2B7.9%
FY2024
Operating Segments
7Active segments
Blended Margin
0.0%Operating margin
Highest Margin
0.0%Management Service
Segment Shift
Management Service has grown from 54.9% to 70.3% of total revenue since FY2019, with 0.0% operating margins. Meanwhile, Fee Related Performance Revenues is the fastest growing at +28.3% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2024
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Management Service | $2.9B | $0 | 0.0% | 70.3% | +15.3% |
| Carried Interest | $390M | $0 | 0.0% | 9.3% | -36.9% |
| Management Service Incentive | $344M | $0 | 0.0% | 8.2% | +24.4% |
| Fee Related Performance Revenues | $232M | $0 | 0.0% | 5.5% | +28.3% |
| Administrative Service | $163M | $0 | 0.0% | 3.9% | +9.3% |
| Service Other | $72M | $0 | 0.0% | 1.7% | +4.5% |
| Principal Investment Income | $45M | $0 | 0.0% | 1.1% | +24.4% |
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