Q2
ARES — Q2 2026 Financial Report Analysis
Ares Management grew fee related earnings 20% to $491.1 million and AUM 17.3% to $671.3 billion in Q2 2026, while GAAP EPS rose only to $0.49 as carried interest fell 22.8% on mark-to-market reversals at a real estate secondaries fund and in Kodiak AI shares.