Ares Management Corporation Earnings Recaps
Q1 2026
May 2, 2026
Ares Management reported first quarter results that reflected steady business performance, marked by double-digit asset growth and record fundraising, with the market reacting modestly (+1.4% post-earnings) as positive momentum largely met investor expectations.
Key takeaways
- Assets under management (AUM) grew 18% year-over-year to $644 billion, with fee-paying AUM up 19% to $400 billion.
- Quarterly dividend was raised over 20% year-over-year to $1.35 per share, payable June 30.
- Management fees increased 22%, Fee Related Earnings (FRE) grew 26%, and realized income rose 24% year-over-year.
- Gross capital raised reached $30 billion in Q1, an all-time high for the first quarter and up 46% from last year.
- Investment deployment topped $32 billion, outpacing last year’s first quarter despite seasonal and geopolitical headwinds; available capital now stands at over $158 billion.
Q3 2025
Nov 5, 2025
Ares Management Corporation delivered a robust third quarter in 2025, achieving significant growth across its investment strategies, with record fundraising and strong operational metrics.
Key takeaways
- Management fees increased by 28% year-over-year, while fee-related earnings (FRE) grew by 39%.
- Raised a record $30 billion in new capital during the quarter, contributing to a total of over $105 billion raised in the last 12 months.
- Assets Under Management (AUM) reached $595 billion, with fee-paying AUM at $368 billion, both up 28% year-over-year.
- Ares closed its third infrastructure secondaries fund at $3.3 billion, making it one of the largest in the market, alongside significant momentum in the infrastructure debt sector.
- Low realized loss rates in direct lending strategy remain consistent with a cumulative annual average of just 1 basis point over the past two decades.