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ARES Management (ARES) earnings date & Q2 2026 results
The quarter in brief
Revenue grew 5.8% y/y to $1.43B, operating margin 17.4% vs 15.7%, net income $125M (+12.1% y/y).
Key growth driver: Revenue growth of +6% y/y — the report gives no segment split, so the driver is the whole business. · by the Q2 2026 report
Net income attributable to Class A and non-voting common stockholders
$125M
up 12.1% y/y
Total revenues
$1,429M
up 5.8% y/y
Operating income (calculated)
$249M
up 17.0% y/y
Next report
not announced yet
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total revenues | $1,429 · +5.8% |
| Compensation and benefits | $689 · +7.0% |
| General, administrative and other expenses | $256 · +10.1% |
| Performance related compensation | $232 · −1.2% |
| Expenses of Consolidated Funds | $3.7 · −86.4% |
| Operating income (calculated) | $249 · +17.0% · 17.4% margin |
| Total other income, net (incl. Consolidated Funds) | $137 · +84.6% |
| Income before taxes | $386 · +34.5% |
| Income tax expense | $73 · +19.7% · 18.9% effective rate |
| Non-controlling and redeemable interests (Consolidated Funds and Ares Operating Group, calculated) | $162 · +82.6% |
| Series B mandatory convertible preferred stock dividends | $25.3 · +0.0% |
| Net income attributable to Class A and non-voting common stockholders | $125 · +12.1% · $0.49/sh · 8.8% margin |
Verdict: revenue grew 5.8% y/y to $1.43B, operating margin 17.4% vs 15.7%, net income $125M (+12.1% y/y).
Diluted EPS $0.49 vs $0.46 a year earlier; after-tax Realized Income $1.29 per share and Fee Related Earnings $491.1 million, up 20% (non-GAAP); Fee Related Earnings margin 42.2%.
Source and notation
Source: Ares Management earnings release and its exhibits, 8-K EX-99 of 07/31/2026 (SEC EDGAR). Financial-services layout: net revenues as reported (for brokers, after interest expense); expenses by line of the income statement lead to pre-tax income. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match SEC XBRL.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Management fees rose 14% to $1,030.0M on the growth of fee-paying assets.
- Of $313.0M of net income, $162.3M went to non-controlling interests in Consolidated Funds and in the Ares Operating Group and $25.3M to preferred dividends, leaving $125.3M for Class A and non-voting common stockholders.
- Operating income was $249M, a 17.4% margin vs 15.7% a year earlier.
- The effective tax rate was 18.9% vs 21.2% a year earlier.
- Diluted EPS was $0.49 vs $0.46 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- Michael J AroughetiCo-Founder & Chief Executive Officer [1]
- Jarrod PhillipsChief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-07 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-07 · SEC EDGAR · 10/20/2026
Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. · Text: Wikipedia, CC BY-SA 4.0, abridged
The company was founded in 1997, with additional offices across North America, Europe, and Asia.
Company guidance
Same quarter a year ago (ended September 30, 2025): revenue $1.658B, EPS (GAAP) $0.81
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
ARES earnings history: past report dates
| Jul 10, 2026 Fri | before market open | Jun 30, 2026 | ≈$1.4B+6% y/y | ≈$0.36+12% y/y |
| May 1, 2026 Fri | before market open | Mar 31, 2026 | ≈$1.4B+28% y/y | ≈$0.33+725% y/y |
| Feb 5, 2026 Thu | before market open | Dec 31, 2025 | ≈$1.5B+20% y/y | ≈$0.06−87% y/y |
| Nov 3, 2025 Mon | before market open | Sep 30, 2025 | ≈$1.7B+47% y/y | ≈$0.81+131% y/y |
| Aug 1, 2025 Fri | before market open | Jun 30, 2025 | ≈$1.4B+71% y/y | ≈$0.32+14% y/y |
| May 5, 2025 Mon | before market open | Mar 31, 2025 | ≈$1.1B+54% y/y | ≈$0.04−81% y/y |
| Feb 5, 2025 Wed | 6:17 ambefore market open | Dec 31, 2024 | ≈$1.3B+19% y/y | ≈$0.47−22% y/y |
| Nov 1, 2024 Fri | before market open | Sep 30, 2024 | ≈$1.1B+68% y/y | ≈$0.35+94% y/y |
| Aug 2, 2024 Fri | before market open | Jun 30, 2024 | ≈$789M−28% y/y | ≈$0.28 |
| May 2, 2024 Thu | before market open | Mar 31, 2024 | ≈$707M−13% y/y | ≈$0.21 |
| Feb 8, 2024 Thu | before market open | Dec 31, 2023 | ≈$1.1B+12% y/y | ≈$0.60 |
| Oct 31, 2023 Tue | before market open | Sep 30, 2023 | ≈$671M−16% y/y | ≈$0.18 |
| Aug 1, 2023 Tue | before market open | Jun 30, 2023 | $1.1B+82% y/y | — |
| Apr 28, 2023 Fri | before market open | Mar 31, 2023 | $813M+14% y/y | — |
| Feb 9, 2023 Thu | before market open | Dec 31, 2022 | ≈$938M−28% y/y | — |
| Oct 27, 2022 Thu | 9:49 pmafter market close | Sep 30, 2022 | $801M−16% y/y | — |
| Jul 28, 2022 Thu | 9:24 pmafter market close | Jun 30, 2022 | $601M−54% y/y | — |
| Apr 28, 2022 Thu | 8:08 pmafter market close | Mar 31, 2022 | $715M+9% y/y | — |
| Feb 11, 2022 Fri | 9:00 pmafter market close | Dec 31, 2021 | ≈$1.3B+99% y/y | — |
| Oct 27, 2021 Wed | 8:44 pmafter market close | Sep 30, 2021 | $949M+94% y/y | — |
| Jul 29, 2021 Thu | 8:33 pmafter market close | Jun 30, 2021 | $1.3B+115% y/y | — |
| Apr 29, 2021 Thu | 8:58 pmafter market close | Mar 31, 2021 | $658M | — |
| Feb 11, 2021 Thu | 8:10 pmafter market close | Dec 31, 2020 | ≈$658M+51% y/y | — |
| Oct 28, 2020 Wed | 7:55 pmafter market close | Sep 30, 2020 | $490M+5% y/y | — |
| Aug 5, 2020 Wed | 7:50 pmafter market close | Jun 30, 2020 | $603M+57% y/y | — |
| May 6, 2020 Wed | 7:38 pmafter market close | Mar 31, 2020 | $13M−97% y/y | — |
| Feb 13, 2020 Thu | 9:45 pmafter market close | Dec 31, 2019 | $437M+77% y/y | — |
| Oct 31, 2019 Thu | 6:08 ambefore market open | Sep 30, 2019 | $466M+94% y/y | — |
| Jul 31, 2019 Wed | 9:16 pmafter market close | Jun 30, 2019 | $385M+88% y/y | — |
| May 2, 2019 Thu | 8:59 pmafter market close | Mar 31, 2019 | $477M+79% y/y | — |
| Feb 14, 2019 Thu | 9:30 pmafter market close | Dec 31, 2018 | $247M−34% y/y | — |
| Nov 1, 2018 Thu | 9:19 pmafter market close | Sep 30, 2018 | $241M−17% y/y | — |
| Aug 2, 2018 Thu | 9:18 pmafter market close | Jun 30, 2018 | $204M−64% y/y | — |
| May 3, 2018 Thu | 9:53 pmafter market close | Mar 31, 2018 | $266M+9% y/y | — |
| Feb 15, 2018 Thu | 9:55 pmafter market close | Dec 31, 2017 | $375M+5% y/y | — |
| Nov 3, 2017 Fri | 8:41 pmafter market close | Sep 30, 2017 | $288M−14% y/y | — |
| Aug 4, 2017 Fri | 8:18 pmafter market close | Jun 30, 2017 | $572M+55% y/y | — |
| May 8, 2017 Mon | 9:52 pmafter market close | Mar 31, 2017 | $244M+80% y/y | — |
| Feb 24, 2017 Fri | 6:13 ambefore market open | Dec 31, 2016 | $358M+125% y/y | — |
| Nov 7, 2016 Mon | 6:02 ambefore market open | Sep 30, 2016 | $335M+133% y/y | — |
| Aug 9, 2016 Tue | 6:31 ambefore market open | Jun 30, 2016 | $370M+53% y/y | — |
| May 10, 2016 Tue | 6:30 ambefore market open | Mar 31, 2016 | $136M−50% y/y | — |
| Feb 29, 2016 Mon | 6:01 ambefore market open | Dec 31, 2015 | $160M−2% y/y | — |
| Nov 10, 2015 Tue | 6:30 ambefore market open | Sep 30, 2015 | $144M−18% y/y | — |
| Aug 11, 2015 Tue | 8:00 ambefore market open | Jun 30, 2015 | $241M+83% y/y | — |
| May 12, 2015 Tue | 8:00 ambefore market open | Mar 31, 2015 | $270M+102% y/y | — |
| Mar 5, 2015 Thu | 8:00 ambefore market open | Dec 31, 2014 | $163M+12% y/y | — |
| Nov 12, 2014 Wed | 8:01 ambefore market open | Sep 30, 2014 | $175M+29% y/y | — |
| Aug 13, 2014 Wed | 8:00 ambefore market open | Jun 30, 2014 | $132M+47% y/y | — |
| Jun 10, 2014 Tue | 9:28 ambefore market open | Mar 31, 2014 | $134M | — |
Show all 50 reports since 2014Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
ARES Management: 14-year financials
| 2025 | 5,602 | 527 | — |
| 2024 | 3,885 | 464 | — |
| 2023 | 3,632 | 474 | — |
| 2022 | 3,055 | 168 | — |
| 2021 | 4,212 | 409 | — |
| 2020 | 1,764 | 152 | — |
| 2019 | 1,765 | 149 | −2,100 |
| 2018 | 959 | 57 | −1,436 |
| 2017 | 1,480 | 76.2 | −1,896 |
| 2016 | 965 | 112 | −638 |
| 2015 | 814 | 19.4 | −539 |
| 2014 | 604 | 35 | 1,516 |
| 2013 | 479 | 813 | — |
| 2012 | 334 | 1,236 | — |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. History starts in 2012: earlier years aren’t in the company’s SEC filings (it’s younger or was spun off).
Shareholders’ equity at Jun 30, 2026: $4.0B (13% of total assets). Compare with other S&P 500 companies →
ARES Management (ARES) earnings: FAQ
When is ARES's next earnings date?
We have not yet seen an announcement of the date from ARES Management (ARES). Based on last year's report on Nov 3, 2025, the next report is expected around Nov 2, 2026.
What time does ARES report earnings?
ARES Management usually reports before market open: its latest results release came out on Jul 31, 2026 (the Form 8-K reached the SEC at 9:39 pm ET the evening before).
When did ARES last report earnings?
ARES Management reported Q2 2026 results on Jul 31, 2026.
Where can I find ARES Management's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to ARES's filings; this page breaks the latest report down in a Sankey chart.
What was ARES's net income in Q2 2026?
ARES Management reported net income of $125M for Q2 2026 (+12.1% year over year), under US GAAP.
How has ARES Management's revenue changed since 2012?
Per its 10-K filings, revenue grew 16.8x: $334M in 2012 and $5,602M in 2025. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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