Revenue $1.43B, up 5.8% on a year earlier. AUM not yet paying fees $114.00B, up 31.3%. Incentive eligible AUM $352.50B, up 16.0%.
| Q2 FY26 | Q1 FY26 | Q2 FY25 | Year over year | |
|---|---|---|---|---|
| Revenue | $1.43B | $1.40B | $1.35B | +5.8% |
| Operating income | $385.94M | $312.92M | — | |
| Net income | $150.63M | $142.59M | $137.06M | +9.9% |
| Operating cash flow | -$351.44M | $406.51M | $415.70M | -184.5% |
| Dividend per share | $1.35 | $1.35 | $1.12 |
| Q2 FY26 | Q2 FY25 | Year over year | |
|---|---|---|---|
| AUM not yet paying fees | $114.00B | $86.80B | +31.3% |
| Incentive eligible AUM | $352.50B | $303.80B | +16.0% |
| Incentive generating AUM | $169.00B | $139.10B | +21.5% |
| Total Fee Paying AUM | $409.90B | $349.60B | +17.2% |
| Total fee revenue | $1.43B | $900.60M | +58.6% |
| Total Assets Under Management | $671.00B | $572.00B | +17.3% |
| Perpetual Capital AUM | $223.30B | $166.60B | +34.0% |
| Fee paying assets under management | $409.90B | $349.60B | +17.2% |
The week's biggest guidance misses, KPI surprises and one chart.
Stock Atlas, “Ares Management (ARES) Q2 FY26 earnings: results and KPIs”, stockatlas.com/companies/ARES/earnings/2026-q2/, data as of 3 November 2026. Links to this page are welcome.
