ARES · Ares Management Corporation

Ares Management Corporation reported strong first quarter 2026 results, with GAAP net income attributable to the company of $142.6 million, a significant increase from $47.2 million in the same period last year. On a per share basis, GAAP net income was $0.46, compared to $0.00 in the prior year quarter. The company's non-GAAP after-tax realized income reached $452.4 million, or $1.24 per share, up 19% and 14% year-over-year, respectively. Fee related earnings (FRE) grew 26% to $464.4 million, driven by a 22% increase in management fees to $1.0 billion, reflecting strong AUM growth and fundraising. The FRE margin improved to 42.4% from 41.5% a year ago. Total AUM rose to $644.3 billion, with fee-paying AUM up 19% year-over-year. The company raised a record $30 billion in new capital during the quarter, up over 45% year-over-year, driven by broad-based demand across credit, real assets, and secondaries. Management highlighted strong fundamental portfolio performance despite a volatile market environment. The company declared a quarterly dividend of $1.35 per share of Class A common stock, payable on June 30, 2026. The strong earnings and dividend declaration underscore Ares' ability to generate consistent growth and return capital to shareholders.