What move does the options market price into Ares Management's report?

Implied ±14.8%, either direction · provisional.

How often does Ares Management move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

ARESNYSEInvestment Advice

Ares Management Corp (ARES) earnings date, market-implied expected move, and options open interest by expiry

132.68

+4.53 · +3.54%

post 133.26 +0.44%

Closed17:48 ET

Open134.91Volume3.2MMkt cap$46.2BP/E86.28Div yield4.03%

Day131.41 – 134.9652%52-wk92.59 – 173.9950%

ARES

Ares Management Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±14.8%implied · straddle

113.33152.59

spot 132.96exp Feb 19ATM strike 135ATM straddle 23.10IV 40%

Nov 2 closeprovisional

Expected move

Inputs

Next report

Feb 4

before open · in 94 days

est.Q4 FY26

Calendar

Next report

Last report

+2.95%

vs ±5.1% implied · ×0.58

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+5.99%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

814 managers

Top fund weight

0.74%

ARES weight · SCHD

N-PORTAug 31 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Ares Management (ARES) is expected to report on Feb 4 before open (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±5.8%
avg realized: ±3.4%

May 5 '25May 5 '25confirmed±6.4%▲+2.35%×0.37

Aug 1 '25Aug 1 '25confirmed±5.8%▼−1.46%×0.25

Q3 FY25Nov 3 '25confirmed±8.3%▲+4.57%×0.55

Feb 5 '26Feb 5 '26confirmed±7.0%▼−11.19%×1.59

Q1 FY26May 1 '26confirmed±5.2%▲+1.36%×0.26

Q2 FY26Jul 10 '26confirmed±2.8%▲+0.12%×0.04

Jul 31 '26Jul 31 '26confirmed±5.9%▲+3.20%×0.54

Oct 29 '26Oct 29 '26confirmed±5.1%▲+2.95%×0.58

quarterimplied−15%0+15%realized×

Oct '26±5.1%▲+2.95%×0.58

Jul '26±5.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Nov 2 close

0.90OI · 10 expiries · Nov 2 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

3,577−1%Nov 64d6.50550+18%6.50

58+4%Nov 1311d0.6787+13%0.67

7,967−1%Nov 2018d2.463,235+1%2.46

68+19%Nov 2725d1.4248+9%1.42

5+400%Dec 432d0.1927+17%0.19

0—Dec 1139d0.00100%0.00

6,2630%Dec 1846d3.641,7210%3.64

23,998−2%Jan 1574d3.536,807+1%3.53

report · Feb 4 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 64d3,577−1%550+18%6.50

Nov 1311d58+4%87+13%0.67

Nov 2018d7,967−1%3,235

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±14.8%

Funds 4

SCHD±0.1%

XLF±0.0%

FTC±0.0%

RSP±0.0%

Customers 1

ACRE±4.6%×0.31

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

10.54%as filednet margin · revenue +2.30% QoQ · +5.81% YoY

Revenue

$1.4B+2.30% QoQ

Gross profit

$740M+5.10% QoQ

51.80% margin

Operating income

$249M+9.06% QoQ

17.40% margin

Pre-tax income

$386M+23.34% QoQ

Net income

$151M−61.93% QoQ

10.54% margin

Cost of revenue

$689M−0.54% QoQ

Operating expenses

$491M+3.21% QoQ

SG&A $256M

Other operating $236M

Tax

$73M+21.89% QoQ

Other income

$137M+61.64% QoQ

Revenue$1.4B+2.30%

Gross profit

$740M+5.10%

51.80% margin

Operating income

$249M+9.06%

17.40% margin

Pre-tax income

$386M+23.34%

Net income

$151M−61.93%

10.54% margin

Cost of revenue

$689M−0.54%

Operating expenses

$491M+3.21%

SG&A $256M

Other operating $236M

Other income$137M+61.64%

Tax$73M+21.89%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 17:45 ET

Intraday

Event sensitivity

PPI ×1.66· ±2.8% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.8%6 of 10×1.66

NFPjobs report±1.9%6 of 10×1.11

GDPgross domestic product±1.8%6 of 19×1.09

CPIconsumer prices±1.7%1 of 10×1.00

PCEpersonal income & outlays±1.7%7 of 19×0.99

FOMCrate decision±1.6%12 of 24×0.95

CPROFcorporate profits±1.2%3 of 12×0.71

Bar = avg |move| to ±3% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 0.49 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 10 '26 · confirmed	0.49	—
Q1 FY26	May 1 '26 · confirmed	0.46	—
Q3 FY25	Nov 3 '25 · confirmed	1.15	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod