Ares Management profits rise as fee-related earnings hit $464M

Ares Management (NYSE:ARES) reported its financial results for the first quarter ended March 31, 2026, demonstrating continued growth in its core management business.

The global alternative investment manager posted GAAP net income attributable to the corporation of $142.6 million, or $0.46 per diluted share.

The company’s performance was highlighted by its Fee Related Earnings (FRE), which reached $464.4 million for the quarter.

FRE remains a critical metric for Ares, as it reflects the stable, recurring income generated from management fees across its credit, real estate, private equity, and infrastructure platforms.

The steady growth in this segment underscores the company's success in scaling its assets under management and maintaining strong relationships with institutional investors.

After-tax realized income, which includes the company’s share of realized performance revenues and investment income, totaled $452.4 million for the first quarter.

On a per-share basis, after-tax realized income for Class A common stock was $1.24. \

This result reflects a disciplined approach to asset monetization and the realization of carry across several maturing funds within the Ares portfolio.