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Financials · ARCC

Ares Capital Corporation (ARCC) financials

For the twelve months ended Sep 30, 2026, Ares Capital Corporation reported $3.09B of revenue and $875.00M of net income.

Revenue, TTM
$3.09B
Revenue growth, YoY
+2.3%
Net income, TTM
$875.00M
Net income growth, YoY
-35.8%
Net margin
28.3%
EPS, diluted, TTM
$1.22
EPS growth, YoY
-38.7%
Cash
$722.00M
Total debt
$15.12B
P/E
15.79
P/S
4.48
Market cap
$13.82B
Annual revenue$3.05B
FY2020FY2025
Annual net income$1.30B
FY2020FY2025

ARCC revenue and earnings growth

ARCC revenueQ3 2026$763.00M

Quarter YoY
-2.4%
QoQ
-0.7%
FY YoY
+2.1%
5Y CAGR
+15.1%

ARCC revenue was $763.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 2.4% from a year earlier and down 0.7% from the prior quarter. For the full fiscal 2025 it was $3.05B, up 2.1% from fiscal 2024. Compound annual growth was +15.1% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

ARCC net incomeQ3 2026$319.00M

Quarter YoY
-21.0%
QoQ
+86.5%
FY YoY
-14.7%
5Y CAGR
+21.8%

ARCC net income was $319.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 21.0% from a year earlier and up 86.5% from the prior quarter. For the full fiscal 2025 it was $1.30B, down 14.7% from fiscal 2024. Compound annual growth was +21.8% over 5 years. It rose in 2 of the last 5 fiscal years.

ARCC EPSQ3 2026$0.44

Quarter YoY
-22.8%
QoQ
+83.3%
FY YoY
-23.8%
5Y CAGR
+10.3%

ARCC diluted EPS was $0.44 in fiscal Q3 2026 (ended Sep 30, 2026), down 22.8% from a year earlier and up 83.3% from the prior quarter. For the full fiscal 2025 it was $1.86, down 23.8% from fiscal 2024. Compound annual growth was +10.3% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$3.05B$2.99B$2.61B$2.10B$1.82B$1.51B
Interest expense$793.00M$715.00M$582.00M$455.00M$372.00M$317.00M
Net income$1.30B$1.52B$1.52B$600.00M$1.57B$484.00M
EPS, basic$1.86$2.44$2.75$1.21$3.51$1.14
EPS, diluted$1.86$2.44$2.68$1.19$3.51$1.14
Diluted shares699.0M624.0M575.0M518.0M446.0M424.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$638.00M$860.00M$564.00M$337.00M$486.00M$326.00M
Total assets$31.23B$28.25B$23.80B$22.40B$20.84B-
Total debt$15.99B$13.73B$11.88B$12.21B$11.02B-
Total liabilities$16.92B$14.90B$12.60B$12.84B$11.97B-
Shareholders' equity$14.32B$13.36B$11.20B$9.55B$8.87B$7.18B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$1.72B-$2.13B$511.00M-$1.36B-$2.46B-$580.00M
Financing cash flow$1.78B$2.42B-$284.00M$1.21B$2.62B$730.00M
Dividends paid$1.26B$1.14B$1.03B$912.00M$694.00M$679.00M
Share repurchases---$0$0$100.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY2.1%14.4%24.7%15.2%20.5%-
Net income growth, YoY-14.7%0.0%153.7%-61.7%223.8%-
EPS growth, YoY-23.8%-9.0%125.2%-66.1%207.9%-
Net margin42.6%50.9%58.2%28.6%86.1%32.0%
Return on equity9.1%11.4%13.6%6.3%17.7%6.7%
Return on assets4.2%5.4%6.4%2.7%7.5%-
Debt to equity1.121.031.061.281.24-

Source: XBRL data Ares Capital Corporation files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ARCC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ARCC$3.09B+2.3%$875.00M28.3%$13.82B
AXP$77.59B+10.2%$12.26B15.8%$215.24B
SPGI$17.21B+18.2%$4.99B29.0%$135.62B
MCO$8.18B+9.0%$2.88B35.3%$87.18B
NU$15.77B+37.0%$2.87B18.2%$58.39B
RKT$11.46B+90.4%$1.30B11.4%$42.74B
COIN$5.63B-26.6%-$701.62M-12.5%$35.68B
AFRM$4.59B+32.7%$2.01B43.9%$23.08B
SYF$19.31B+2.6%$3.33B17.3%$22.96B

ARCC FAQ

7 questions
  • What is ARCC revenue?
    Ares Capital Corporation (ARCC) reported $3.09B of revenue for the twelve months ended Sep 30, 2026. That is up 2.3% from the year before. Revenue for fiscal 2025 was $3.05B.
  • Is ARCC profitable?
    Yes. Ares Capital Corporation earned $875.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 28.3%.
  • How much cash and debt does ARCC have?
    Ares Capital Corporation reported $722.00M in cash and cash equivalents and $15.12B of debt on its most recent balance sheet in SEC filings.
  • How fast is ARCC revenue growing?
    Ares Capital Corporation's revenue changed +2.1% in fiscal 2025, to $3.05B. Its compound annual growth rate was +15.1% over 5 years.
  • What is ARCC earnings per share?
    Diluted earnings per share were $1.22 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ARCC last report financial results?
    The latest statements here come from Ares Capital Corporation's 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
  • Where does this ARCC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ares Capital Corporation files with the SEC. It is provided for information only and is not investment advice.