Ares Q2 2026: GAAP net income $150.6M, record $36B fundraising, $170B dry powder

Ares Management Corp

GAAP net income $150.6M ($0.49 diluted EPS); after-tax realized income $467.6M ($1.29 per share).
Fee related earnings $491.1M; key financial metrics grew >20% YoY.
Record quarterly fundraising of $36B; total dry powder $170B.
Quarterly dividend declared $1.35/share on Class A common, payable Sept 30, 2026.
Preferred dividend $0.84375/share on 6.75% Series B mandatory convertible preferred.

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