Ares Capital Corporation (ARCC) Revenue History
Annual and quarterly revenue from 2004 to present
ARCC Revenue Over Time (2004–2025)
ARCC Revenue Growth History
15 of 21 years with positive growth- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- +1001.1%
- FY2006 revenue growth
- +111.6%
- FY2007 revenue growth
- +95.6%
- FY2008 revenue growth
- -1.5%
- FY2009 revenue growth
- +3.9%
- FY2010 revenue growth
- +164.4%
- FY2011 revenue growth
- +38.2%
- FY2012 revenue growth
- -4.7%
- FY2013 revenue growth
- +2.3%
- FY2014 revenue growth
- +21.5%
- FY2015 revenue growth
- -21.7%
- FY2016 revenue growth
- +8.7%
- FY2017 revenue growth
- +32.2%
- FY2018 revenue growth
- +14.9%
- FY2019 revenue growth
- -0.4%
- FY2020 revenue growth
- -23.0%
- FY2021 revenue growth
- +138.9%
- FY2022 revenue growth
- -41.7%
- FY2023 revenue growth
- +81.1%
- FY2024 revenue growth
- +9.3%
- FY2025 revenue growth
- +32.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $763.0M | — |
| Q4 2025 | $635.0M | — |
| Q3 2025 | $655.0M | — |
| Q2 2025 | $579.0M | — |
| Q1 2025 | $446.0M | — |
| Q4 2024 | $567.0M | — |
| Q3 2024 | $613.0M | — |
| Q2 2024 | $532.0M | — |
Multi-year avg. share of annual revenue by fiscal quarter
ARCC Revenue Analysis (2004–2025)
Current Revenue & Growth
As of June 22, 2026, Ares Capital Corporation (ARCC) generated trailing twelve-month (TTM) revenue of $2.63 billion, reflecting explosive growth of +71.1% year-over-year. The most recent quarter (Q1 2026) recorded $763.0 million in revenue, up 20.2% sequentially.
Historical Growth Trajectory
ARCC's 5-year compound annual growth rate (CAGR) stands at +29.7%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +38.0% exceeds the 5-year average, indicating an acceleration in the most recent period. Ares Capital Corporation's highest annual revenue of $3.15 billion was recorded in 2025, an all-time high.
Peer Comparison
Compared to Financial Services sector peers — including GBDC, OBDC, and TPVG. Compare ARCC vs GBDC →
ARCC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARCCCurrent | $2.6B | +71.1% | +29.7% | 69.7% | |
 GBDC | $871M | - | - | 78.9% | |
 OBDC | $1.7B | - | - | 73.2% | |
 TPVG | $97M | - | - | 77.9% | |
 HTGC | $547M | - | - | 66.7% | |
 PSEC | $-276,828,000 | - | - | 169.8% |
ARCC Historical Revenue Data (2004–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.15B | - | $2.38B | 75.7% | $2.19B | 69.7% |
| 2024 | $2.37B | - | $1.71B | 72.2% | $1.59B | 67.4% |
| 2023 | $2.17B | - | $1.64B | 75.5% | $1.54B | 71.2% |
| 2022 | $1.20B | - | $741.0M | 62.0% | $655.0M | 54.8% |
| 2021 | $2.05B | - | $1.68B | 81.9% | $1.60B | 77.9% |
| 2020 | $858.0M | - | $541.0M | 63.1% | $503.0M | 58.6% |
| 2019 | $1.11B | - | $824.0M | 73.9% | $809.0M | 72.6% |
| 2018 | $1.12B | - | $879.0M | 78.6% | $877.0M | 78.4% |
| 2017 | $974.0M | - | $749.0M | 76.9% | $686.0M | 70.4% |
| 2016 | $737.0M | - | $570.0M | 77.3% | $495.0M | 67.2% |
| 2015 | $678.0M | - | $478.0M | 70.5% | $397.0M | 58.6% |
| 2014 | $866.0M | - | $676.0M | 78.1% | $609.0M | 70.3% |
| 2013 | $712.8M | - | $541.3M | 75.9% | $502.6M | 70.5% |
| 2012 | $696.7M | - | $553.8M | 79.5% | $519.4M | 74.5% |
| 2011 | $731.0M | - | $547.1M | 74.8% | $289.9M | 39.7% |
Full Stock Analysis
Deep dive into ARCC consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
22+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ARCC — Frequently Asked Questions
Quick answers to the most common questions about buying ARCC stock.
Is ARCC's revenue growth accelerating or slowing?
ARCC revenue growth is accelerating. TTM revenue reached $2.6B, up +71.1% year-over-year — ahead of the 5-year CAGR of +29.7%. This indicates the business is expanding faster than its historical baseline.
What is ARCC's revenue history from 2004 to 2026?
Ares Capital Corporation (ARCC) revenue history spans 2004 to 2026. TTM revenue as of 2026 is $2.6B, growing at +71.1% YoY. The 5-year CAGR is +29.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ARCC's long-term revenue growth rate (CAGR)?
Ares Capital Corporation's 5-year revenue CAGR of +29.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +71.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ARCC.
Why does ARCC's quarterly revenue fluctuate?
ARCC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Ares Capital Corporation's revenue data from 2004 to 2026 shows full historical quarterly detail on this page.
How is ARCC's revenue distributed by segment?
ARCC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ARCC's revenue compare to industry peers?
Ares Capital Corporation (ARCC) with TTM revenue of $2.6B and +71.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.