Ares Management Corp is expected to release its Q3 2026 10-Q filing on November 2, 2026, before market open. Last quarter: Ares Management's Q2 FY2026 results were characterized by robust management fee growth and record AUM, partially offset by a decline in carried interest and a steep drop in operating cash flow.
EPS Estimate
$1.50
Revenue Estimate
$1.35B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the ARES page.
Drawn from management commentary in the Q2 2026 10-Q:
Management fees increased 13% year-over-year to $1,017.6 million, with 94% from perpetual capital or long-dated funds, driven by fundraising in publicly-traded and perpetual wealth funds and capital deployment in private direct lending and alternative credit strategies.
Carried interest allocation fell 23% to $249.9 million, primarily due to unrealized reversals in the Secondaries Group (notably LREF VIII) and Other Businesses (Kodiak AI investment), as well as lower realizations from Credit funds compared to the prior year period.
Total AUM reached $671.3 billion, up from $644.3 billion at March 31, 2026, after $22.2 billion in new commitments and $4.4 billion in market-based appreciation. AUM not yet paying fees of $96.7 billion could generate approximately $828.2 million in potential incremental annual management fees, a 24% embedded growth rate.
Revenue
$1.29B
+24.29% YoY
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