Ares Management (ARES) Q3 2025 Earnings
How Did ARES Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +0.27%.
Did ARES Beat Earnings? Q3 2025 Results
Yes. Ares Management reported Q3 2025 earnings of $1.19 a share on Oct 31, 2025, beating the $1.14 consensus estimate by 4.0%. Revenue was $1.7B against a $1.1B estimate.
Ares Management delivered a standout third quarter for 2025, beating on both the top and bottom lines as record fundraising and surging assets under management drove results well ahead of expectations. Adjusted EPS of $1.19 topped the $1.14 consensus by 3.98%, while revenue of $1.66 billion exceeded estimates by 54.73% and grew 46.7% year-over-year, reflecting the firm's expanding scale across credit, real assets, and secondaries. The single biggest driver was a record $30.90 billion in quarterly fundraising, which lifted total AUM 28% year-over-year to $595.70 billion and pushed Fee Related Earnings up 39% to $471.21 million. The GCP International acquisition meaningfully amplified Real Assets results, with that segment's management fees more than doubling year-over-year. Looking ahead, CEO Michael Arougheti signaled that Ares expects to meaningfully exceed its prior annual fundraising record of $93.00 billion in 2025, and with $81.00 billion in AUM not yet paying fees representing roughly $778.70 million in potential incremental annual management fees, the earnings runway remains substantial.
- 28% year-over-year increase in AUM, FPAUM and management fees
- Record quarter of fundraising at $30.9 billion with net inflows of $28.5 billion
- Capital deployment of $41.7 billion, up from $29.6 billion in Q3-24
- Fee related performance revenues increased 93% year-over-year to $85.4 million
- GCP International acquisition drove significant Real Assets Group growth
- Perpetual capital AUM increased 53% year-over-year to $190.3 billion
- 87% of AUM in perpetual capital or long-dated funds; 94% of management fees from those sources
- Credit Group gross capital deployment of $33.1 billion driven by U.S. and European direct lending
“We reported an outstanding third quarter, highlighted by strong financial results, quality fund performance, improving credit quality, a record quarter of fundraising and increased investment activity across the platform.”
Ares Management CEO, on the earnings call
What Was Ares Management's Outlook in Q3 2025?
Ares expects to meaningfully exceed its previous annual fundraising record of $93 billion in 2025, driven by growing breadth of investor demand across investment strategies and distribution channels. Management noted an improving tone in markets and a healthy investment pipeline, positioning the firm to generate future earnings growth as it deploys significant available capital of $150 billion. AUM not yet paying fees available for future deployment of $81 billion could generate approximately $778.7 million in potential incremental annual management fees upon deployment.
ARES YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.7B | $1.1B | +46.7% |
| Operating Income | $349.4M | $274.8M | +27.1% |
| Net Income | $288.9M | $118.5M | +143.9% |
ARES Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.