Ares Management (ARES) Q2 2026 Earnings
How Did ARES Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +1.97%.
Did ARES Beat Earnings? Q2 2026 Results
Yes. Ares Management reported Q2 2026 earnings of $1.29 a share on Jul 30, 2026, beating the $1.27 consensus estimate by 1.4%. Revenue was $1.4B against a $1.1B estimate.
Ares Management Corp delivered a strong second quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as record fundraising and accelerating deployment drove broad-based growth across its alternative investment platform. The firm posted earnings per share of $1.29, edging past the consensus estimate of $1.27 by 1.44%, while revenue of $1.43 billion exceeded the $1.14 billion estimate by nearly 25%, rising 5.8% year-over-year. The single most material driver behind the outperformance was a record $36.40 billion in new capital raised during the quarter, which lifted total AUM 17% year-over-year to $671.30 billion and pushed Fee Related Earnings up 20% to $491.10 million, with FRE margins expanding to 42.2%. Record dry powder of $170.00 billion underpins management's confidence in continued growth, with CFO Jarrod Phillips noting that many key financial metrics grew more than 20% year-over-year and that the firm is well-positioned to execute against what it described as its largest-ever forward investment pipeline heading into the second half of the year.
- Record fundraising of more than $36 billion in Q2-26 inflows
- Credit Group management and other fees grew 14% YoY driven by U.S. and European direct lending deployment and alternative credit strategies
- Real Assets Group management fees grew 15% YoY driven by open-ended core infrastructure fund and diversified non-traded REIT capital raises
- Secondaries fee related performance revenues grew 141% YoY driven by APMF NAV appreciation
- Perpetual Capital AUM grew 34% YoY to $223.3 billion
- AUM Not Yet Paying Fees of $92.6 billion available for future deployment could generate approximately $828 million in potential incremental annual management fees
- FRE margin expanded to 42.2% from 41.2% in Q2-25
- Gross capital deployment of $35.9 billion up from $26.9 billion in Q2-25
- Incentive Generating AUM grew 21% YoY to $169.0 billion
“We generated strong second-quarter results, including another record quarter of fundraising with more than $36 billion of inflows as our clients continue to reward us due to our strong and consistent fund performance across our strategies.”
Ares Management CEO, on the earnings call
What Is Ares Management's Outlook?
Management indicated the firm remains on track to achieve its financial goals for the year. CFO Jarrod Phillips noted that many key financial metrics grew more than 20% year over year and highlighted the record $170 billion of dry powder positioning the firm to execute on its largest-ever forward investment pipeline and support continued earnings growth. CEO Michael Arougheti noted a meaningful pickup in the firmwide investment pipeline despite a slower transaction environment.
ARES YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.4B | $1.4B | +5.8% |
| Net Income | $150.6M | $137.1M | +9.9% |
| Operating Income | $248.6M | $212.5M | +17.0% |
ARES Revenue by Segment
When Does Ares Management Report Next?
Figures from SEC filings and company reports. Not investment advice.