TTM
$1.27B
YoY change
-12.4%
5Y CAGR
+22.7%
Peak year (FY2021)
$1.6B
Cumulative operating income
$13.7B
Operating Income history chart for Ares Capital (ARCC) from 2016 to 2025
Latest: $1.4B
Operating Income growth chart for Ares Capital (ARCC) from 2016 to 2025
Latest: -12.4%
Operating Income history table for Ares Capital (ARCC) from 2004 to 2025
| FY2025 | $1.4B | -12.4% | -$197M | ||
| FY2024 | $1.6B | +3.4% | +$53M | ||
| FY2023 | $1.54B | +135.4% | +$887M | ||
| FY2022 | $655M | -59.0% | -$941M | ||
| FY2021 | $1.6B | +217.3% | +$1.09B | ||
| FY2020 | $503M | -37.8% | -$306M | ||
| FY2019 | $809M | -7.8% | -$68M | ||
| FY2018 | $877M | +27.8% | +$191M | ||
| FY2017 | $686M | +38.6% | +$191M | ||
| FY2016 | $495M | +24.7% | +$98M | ||
| FY2015 | $397M | -34.8% | -$212M | ||
| FY2014 | $609M | +21.2% | +$106M | ||
| FY2013 | $503M | -3.2% | -$16.7M | ||
| FY2012 | $519M | +79.2% | +$229M | ||
| FY2011 | $290M | +31.0% | +$68.7M | ||
| FY2010 | $221M | +65.1% | +$87.2M | ||
| FY2009 | $134M | +5.3% | +$6.74M | ||
| FY2008 | $127M | +35.2% | +$33.1M | ||
| FY2007 | $94.1M | +52.9% | +$32.6M | ||
| FY2006 | $61.6M | +127.0% | +$34.4M | ||
| FY2005 | $27.1M | +899.0% | +$24.4M | ||
| FY2004 | $2.72M | — | — |
- FY2025$1.4B-12.4%
- FY2024$1.6B+3.4%
- FY2023$1.54B+135.4%
- FY2022$655M-59.0%
- FY2021$1.6B+217.3%
- FY2020$503M-37.8%
- FY2019$809M-7.8%
- FY2018$877M+27.8%
- FY2017$686M+38.6%
- FY2016$495M+24.7%
- FY2015$397M-34.8%
- FY2014$609M+21.2%
- FY2013$503M-3.2%
- FY2012$519M+79.2%
- FY2011$290M+31.0%
- FY2010$221M+65.1%
- FY2009$134M+5.3%
- FY2008$127M+35.2%
- FY2007$94.1M+52.9%
- FY2006$61.6M+127.0%
- FY2005$27.1M+899.0%
- FY2004$2.72M—
Operating Income values are taken from Ares Capital's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Ares Capital (ARCC)
According to Ares Capital's latest reported financial statements, the company's current operating income (TTM) is $1.27B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Ares Capital (ARCC) operating income is $1.4B – declined 12.4% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Ares Capital operating income compounded at +22.7% per year, with mixed annual results across the window.
Ares Capital operating income peaked at $1.6B in 2021; the latest annual figure is $1.4B in 2025 (12.4% below peak).
The record annual operating income stands at $1.6B, reached in 2021; the historical low of $2.72M was recorded in 2004.
Ares Capital Operating Income by Year
Ares Capital Operating Income 2025: $1.4B
In 2025, Ares Capital reported operating income of $1.4B, declined 12.4% below 2024.
Ares Capital Operating Income 2024: $1.6B
Ares Capital operating income in 2024 was $1.6B, edged up 3.4% from 2023.
Ares Capital Operating Income 2023: $1.54B
2023's operating income for Ares Capital came in at $1.54B, surged 135.4% from 2022.
Ares Capital Operating Income 2022: $655M
Ares Capital posted operating income of $655M in 2022, plunged 59.0% below 2021.
Ares Capital Operating Income 2021: $1.6B
Ares Capital operating income in 2021 was $1.6B.
See more financial history for Ares Capital (ARCC).
Sector peers by Operating Income
Financial Services peers of Ares Capital (ARCC), ranked by their latest operating income
| $72.6B | |
| $58.9B | |
| $37.7B | |
| $25.2B | |
| $24B | |
| $22B | |
| $21.9B | |
| $19.4B |
- $72.6B
- $37.7B
- $25.2B
- $24B
- $21.9B
- $19.4B
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Ares Capital (ARCC) Key Financials
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