Ares Management Corporation (ARES) Earnings Call Transcripts
Ares Management Corporation's Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, Ares Management Corporation (ARES:US) reported strong financial results, with revenue increasing 17% year-over-year to over $1 billion and earnings per share (EPS) of $1.29, reflecting a 25% growth. The company raised a record $36 billion in gross capital, contributing to a total AUM of approximately $671 billion, with fee-paying AUM reaching around $410 billion. Management maintained its guidance for 2026, targeting a compound annual growth rate of 16% to 20% for fee-related earnings (FRE) and over 20% for realized income (RI).
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.0B (beat) |
| EPS | $1.29 (beat) |
| AUM | $671B (beat) |
| Fee-Paying AUM | $410B (beat) |
| Realized Income | $522M (beat) |
| Fee-Related Earnings | $491M (beat) |
Guidance from management
Management maintained its guidance for 2026, targeting a compound annual growth rate of 16% to 20% for FRE and over 20% for RI, indicating confidence in continued growth across their diversified platform.
What analysts pressed on
Analysts expressed concerns regarding the potential impact of slower M&A activity on U.S. Direct Lending and the overall market environment. There were also questions about the sustainability of growth in the Wealth Management segment amidst changing investor sentiment.
Main topics on the call
- Record Fundraising — Ares achieved its highest-ever quarterly fundraising of approximately $36 billion, driven by strong institutional demand across diversified strategies. Management noted, "approximately 70% of the capital that we've raise...
- AUM Growth — Total AUM increased by 17% year-over-year to approximately $671 billion, with fee-paying AUM also rising 17% to around $410 billion. Management stated, "We're pleased with how we're performing, and we remain on track to ...
- Dividend Increase — Ares declared a quarterly dividend of $1.35 per share, representing a more than 20% increase compared to the same quarter last year. This reflects the company's commitment to returning capital to shareholders amid strong...
- Fee-Related Earnings Growth — Fee-related earnings for the quarter were approximately $491 million, up 20% year-over-year. This growth was attributed to the expansion of fee-paying AUM and strong fundraising activities, with management indicating, "W...
Read the full Ares Management Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Ares Management Corporation
Ares Management Corporation (ARES) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 72 calls on record spanning February 13, 2020 to July 31, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 72 Ares Management Corporation earnings call transcripts on record, spanning February 13, 2020 to July 31, 2026. Based on this history, Ares Management Corporation reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ARES
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 72
- First call
- February 13, 2020
- Most recent
- July 31, 2026
- Reporting cadence
- quarterly