Shares Outstanding for Ares Management (ARES)
According to Ares Management's latest reported financial statements, the company's latest reported diluted shares outstanding is 221.14M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

ARES
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Latest period
221.14M
YoY change
+9.7%
5Y CAGR
+7.8%
Peak year (2025)
217.36M
Latest annual
217.36M
Shares Outstanding history chart for Ares Management (ARES) from 2011 to 2025
Shares Outstanding history table for Ares Management (ARES) from 2011 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 217.36M | +9.7% | ||
| 2024 | 198.05M | +1.2% | ||
| 2023 | 195.77M | +11.5% | ||
| 2022 | 175.51M | -2.6% | ||
| 2021 | 180.11M | +20.5% | ||
| 2020 | 149.51M | +24.7% | ||
| 2019 | 119.88M | +24.8% | ||
| 2018 | 96.02M | +17.3% | ||
| 2017 | 81.84M | -1.3% | ||
| 2016 | 82.94M | +2.8% | ||
| 2015 | 80.67M | +0.4% | ||
| 2014 | 80.36M | -14.7% | ||
| 2013 | 94.17M | 0.0% | ||
| 2012 | 94.17M | +17.6% | ||
| 2011 | 80.10M | — |
Shares Outstanding values are taken from Ares Management's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual diluted shares outstanding for Ares Management (ARES) came in at 217.36M – grew 9.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Ares Management diluted shares outstanding compounded at +7.8% per year, sustaining 3 straight years of year-over-year growth.
217.36M stands as the all-time-high annual diluted shares outstanding, posted in 2025, against a low of 80.10M during 2011.
Ares Management (ARES) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of 2.06B.
Ares Management Shares Outstanding by Year
Ares Management Shares Outstanding 2025: 217.36M
Ares Management diluted shares outstanding in 2025 was 217.36M, grew 9.7% from 2024. This figure represents the highest annual value in the available history.
Ares Management Shares Outstanding 2024: 198.05M
Ares Management diluted shares outstanding in 2024 was 198.05M, edged up 1.2% from 2023.
Ares Management Shares Outstanding 2023: 195.77M
Ares Management diluted shares outstanding in 2023 was 195.77M, grew 11.5% from 2022.
Ares Management Shares Outstanding 2022: 175.51M
Ares Management diluted shares outstanding in 2022 was 175.51M, edged down 2.6% below 2021.
Ares Management Shares Outstanding 2021: 180.11M
Ares Management diluted shares outstanding in 2021 was 180.11M.
See more financial history for Ares Management (ARES).
Sector peers — Shares Outstanding
Companies in the same sector as Ares Management, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America Corporation (BAC) | 7.55B | Financial Services |
| Wells Fargo & Company (WFC) | 3.22B | Financial Services |
| JPMorgan Chase & Co. (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | 2.16B | Financial Services |
| Visa Inc. (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard Incorporated (MA) | 898.00M | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | 317.60M | Financial Services |
Frequently asked questions
What is Ares Management's diluted shares outstanding?
- Latest reported diluted shares outstanding for Ares Management (ARES) is 221.14M (period ending December 31, 2025).
How has Ares Management diluted shares outstanding changed year-over-year?
- Ares Management (ARES) diluted shares outstanding changed +9.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Ares Management diluted shares outstanding?
- Ares Management (ARES) diluted shares outstanding compound annual growth rate is +7.8% over the most recent 5 years available.
When did Ares Management diluted shares outstanding hit its highest annual value?
- Ares Management diluted shares outstanding reached its highest annual value of 217.36M in 2025.
What was Ares Management diluted shares outstanding in 2024?
- Ares Management (ARES) diluted shares outstanding in 2024 was 198.05M.
What was Ares Management diluted shares outstanding in 2025?
- Ares Management (ARES) diluted shares outstanding in 2025 was 217.36M.
Metrics overview
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