In Q2 fiscal 2026 (the quarter ended June 30, 2026), Ares Management's largest product or service was Management Service, with $1.02 billion or 71% of revenue, up 13.0% from a year earlier. Next: Carried Interest (17%), Administrative Service (8%) and Management Service, Incentive (3%).
The fastest-growing product or service from a year earlier was Administrative Service (+26.8%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q2 fiscal 2020.

Fiscal quarters, from company filings
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Management Service | $1.0B | $989.5M | $971.8M | $900.6M | 71% |
| Carried Interest | $249.9M | $146.6M | $464.7M | $323.9M | 17% |
| Administrative Service | $116.1M | $97.9M | $102.6M | $91.6M | 8% |
| Management Service, Incentive | $42.8M | $161.9M | $100.7M | $23.1M | 3% |
| Principal Investment Income (Loss) | $2.3M | $477,000 | $18.0M | $11.0M | under 1% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Management Service: $1.02 billion, or 71% of revenue, in Q2 fiscal 2026.
By revenue in Q2 fiscal 2026: Management Service (71%), Carried Interest (17%), Administrative Service (8%) and Management Service, Incentive (3%).
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