Ares Management Corporation Reports Record Second Quarter 2026 Results, Posting Strong Double-Digit Growth and $36 Billion in Inflows

NEW YORK, July 31, 2026 — Ares Management Corporation (NYSE: ARES) has officially released its financial results for the second quarter ended June 30, 2026, showcasing another milestone period defined by robust capital-raising momentum, expanding profitability, and a record level of deployment capital.

Financial Highlights for Q2 2026

Ares delivered substantial financial growth across key metrics, with many core figures climbing more than 20% year-over-year:

• GAAP Net Income: GAAP net income attributable to Ares Management Corporation reached $150.6 million for the quarter, translating to $0.49 per share on a basic and diluted basis for Class A and non-voting common stock.
• After-Tax Realized Income: Reached $467.6 million for the quarter, or $1.29 per share of Class A common stock.
• Fee Related Earnings (FRE): Reported at $491.1 million for Q2 2026, underlining strong operational profitability and management fee generation.
• Record Fundraising: The firm secured another record-shattering quarter of capital intake, bringing in more than $36 billion of new inflows driven by strong, consistent fund performance across multiple strategies.
• Dry Powder: Ares closed the quarter sitting on a staggering $170 billion of dry powder, leaving the firm exceptionally well-positioned to execute on its largest-ever forward investment pipeline.

Leadership Insights

Reflecting on the strong performance, Michael Arougheti, Chief Executive Officer of Ares, highlighted the trust placed in the firm by global investors:

"We generated strong second-quarter results, including another record quarter of fundraising with more than $36 billion of inflows as our clients continue to reward us due to our strong and consistent fund performance across our strategies. Our diverse global origination platform enabled us to remain active investing in attractive opportunities across the platform in a slower transaction environment and we are now seeing a meaningful pickup in our firmwide investment pipeline."

Adding to these comments, Chief Financial Officer Jarrod Phillips emphasized the firm's ongoing trajectory toward annual goals:

"We continue to translate the scale and diversification of our platform into strong financial performance with many of our key financial metrics growing more than 20% year over year and we remain on track to achieve our financial goals for the year. We have a record $170 billion of dry powder, which positions us well to execute on our largest ever forward investment pipeline and support continued earnings growth."

Dividend Declarations

Reflecting continued confidence in the company's financial position and cash flow generation, Ares announced two major dividend distributions:

1. Common Stock Dividend: Ares declared a quarterly dividend of $1.35 per share of Class A and non-voting common stock. The dividend is payable on September 30, 2026, to stockholders of record as of the close of business on September 16, 2026. (A Dividend Reinvestment Program is available through Equiniti Trust Company for eligible Class A stockholders).

2. Preferred Stock Dividend: Ares declared a quarterly dividend of $0.84375 per share on its 6.75% Series B mandatory convertible preferred stock. This dividend is payable on October 1, 2026, to preferred stockholders of record as of September 15, 2026.

Additional Information and Earnings Call

Ares has published a comprehensive, detailed presentation of its second quarter 2026 performance titled "Second Quarter 2026 Earnings Presentation," which is accessible via the Investor Resources section of www.ares.com.

Management will host a live conference call and webcast on July 31, 2026, at 9:00 a.m. (Eastern Time) to discuss the results in detail. Archived replays of the call and webcast will remain available through August 31, 2026.