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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
11. EARNINGS PER SHARE
The Company has Class A and non-voting common stock outstanding. The non-voting common stock has the same economic rights as the Class A common stock; therefore, earnings per share is presented on a combined basis. Income of the Company has been allocated on a proportionate basis to the two common stock classes.

Basic earnings per share of Class A and non-voting common stock is computed by using the two-class method. Diluted earnings per share of Class A and non-voting common stock is computed using the more dilutive method of either the two-class method or the treasury stock and if-converted methods.

For the three and nine months ended September 30, 2025 and 2024, the two-class method was the more dilutive method.

The following table presents the computation of basic and diluted earnings per common share:
Three months ended September 30,Nine months ended September 30,
2025202420252024
Basic earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders$263,569 $118,460 $397,176 $286,425 
Dividends declared and paid on Class A and non-voting common stock(246,759)(187,696)(736,997)(553,867)
Distributions on unvested restricted units(10,620)(7,829)(31,812)(22,692)
Undistributed earnings allocable to participating unvested restricted units(494)— — — 
Undistributed net income (dividends in excess of earnings) available to Class A and non-voting common stockholders$5,696 $(77,065)$(371,633)$(290,134)
Basic weighted-average shares of Class A and non-voting common stock219,881,697 200,724,068 216,086,939 196,526,832 
Undistributed basic earnings (dividends in excess of earnings) per share of Class A and non-voting common stock$0.03 $(0.38)$(1.72)$(1.48)
Dividend declared and paid per Class A and non-voting common stock1.12 0.93 3.36 2.79 
Basic earnings per share of Class A and non-voting common stock$1.15 $0.55 $1.64 $1.31 
Diluted earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders$263,569 $118,460 $397,176 $286,425 
Distributions on unvested restricted units(10,620)(7,829)(31,812)(22,692)
Net income available to Class A and non-voting common stockholders$252,949 $110,631 $365,364 $263,733 
Diluted weighted-average shares of Class A and non-voting common stock219,881,697 200,724,068 216,086,939 196,526,832 
Diluted earnings per share of Class A and non-voting common stock$1.15 $0.55 $1.64 $1.31