Ares Management reports a first quarter revenue beat driven by strong fundraising, while after-tax realized EPS of $1.24 missed expectations.

Ares Management reported first quarter 2026 revenue of approximately $1.4 billion and after-tax realized income per share of $1.24. The revenue figure surpassed analyst estimates of $1.32 billion, while earnings per share fell short of the expected $1.38. The company's Assets Under Management (AUM) grew to $644.3 billion, slightly ahead of the $641.8 billion consensus.

Key Highlights

• Fundraising momentum continued with a record $29.5 billion of gross new capital commitments raised in the quarter, with the Credit Group accounting for $20.4 billion of the total.
• Assets Under Management (AUM) grew 18% year-over-year to $644.3 billion, while Fee Paying AUM (FPAUM) increased 19% to $399.6 billion.
• Fee Related Earnings (FRE) rose 26% from the prior year to $464.4 million, supported by a 25% increase in management fees.