Apollo Global Management (NYSE:APO) Issues Earnings Results, Misses Estimates By $0.05 EPS

Apollo Global Management (NYSE:APO) issued its earnings results on Tuesday. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05), FiscalAI reports. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.During the same quarter in the previous year, the firm posted $1.92 earnings per share.

Here are the key takeaways from Apollo Global Management’s conference call:

• Apollo reported record second-quarter results, including fee-related earnings of $785 million, spread-related earnings of $877 million, and adjusted net income of $1.3 billion. Management maintained its outlook for more than 20% FRE growth and 10% SRE growth in 2026.
• Origination reached $74 billion in the quarter and nearly $150 billion in the first half, supported by strong investment-grade activity and the record $35 billion Broadcom AI infrastructure financing. Apollo said its pipeline is the strongest in its history, with $50 billion of signed or announced second-quarter transactions expected to contribute in future periods.
• Capital formation remained robust, with $60 billion of organic inflows during the quarter—$38 billion in asset management and $22 billion at Athene. Athene is on pace to meet its $85 billion full-year inflow target, while Apollo’s flagship Fund XI had surpassed $12 billion raised through July.
• Apollo is investing heavily in expanding private markets through daily valuation, ICE identifiers, market making, and new distribution structures that could broaden access to traditional asset managers, retirement plans, and individual investors. However, management said these initiatives are still early-stage and are not expected to materially affect 2026 FRE or SRE.
• Wealth-market conditions remain softer, and Apollo’s non-traded BDC ADS continues to face redemption requests, although management said early third-quarter requests were running at roughly half the level seen at the same point in the prior quarter. Athene also continues to face intense competition in retail annuities, while reported net spread remained below the company’s normalized alternative-investment return assumption.

Apollo Global Management Trading Up 0.8%

Shares of APO stock traded up $1.08 during trading hours on Tuesday, reaching $130.50. The company’s stock had a trading volume of 1,308,844 shares, compared to its average volume of 4,604,495. The stock has a market capitalization of $75.24 billion, a P/E ratio of 83.13, a P/E/G ratio of 1.10 and a beta of 1.50. Apollo Global Management has a one year low of $99.56 and a one year high of $153.29. The firm’s fifty day simple moving average is $125.36 and its 200 day simple moving average is $123.03. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a $0.5625 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

Apollo Global Management News Summary

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: Strong fee and insurance-related growth: Apollo reported second-quarter 2026 Fee Related Earnings of $785 million, up 25% year over year, while Spread Related Earnings increased 7% to $877 million. Total assets under management rose 25% to $1.047 trillion, and the company generated $60 billion of inflows, supporting its long-term fundraising and earnings outlook. Apollo fees and insurance earnings rise, asset sales slow in second quarter
• Positive Sentiment: Record scale and capital raising: Reported second-quarter revenue was $11.153 billion, compared with $6.814 billion a year earlier. Growth in fee-generating AUM, which reached $858 billion, is particularly important because it can provide more predictable future management fees. Apollo also repurchased $102 million of stock during the quarter. Apollo Reports Second Quarter 2026 Results
• Positive Sentiment: Expansion and new investment opportunities: Apollo-managed funds acquired Maverick Water Group, a Texas-based developer and operator of alternative non-potable water systems. The firm also established an Austin strategic growth hub focused on technology, financial-services innovation and retirement solutions, potentially expanding its talent base and future origination opportunities. Apollo Funds Acquire Maverick Water Group
• Neutral Sentiment: Earnings grew but figures vary by measure: Apollo reported year-over-year EPS growth from $1.92, but adjusted EPS of $2.11 missed the consensus estimate of $2.16–$2.18. A separate company-results summary cited GAAP diluted EPS of $2.15 and basic EPS of $2.18, highlighting the importance of the earnings measure investors use. Apollo Global Management Inc. Lags Q2 Earnings Estimates
• Negative Sentiment: Slower asset sales weighed on results: Apollo realized less from its own investments as the environment for asset sales weakened. That may limit performance-related earnings and makes near-term results more dependent on recurring fees and insurance earnings. Apollo misses out on big asset sales that have boosted rivals

Insider Activity at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in APO. Schnieders Capital Management LLC. purchased a new stake in Apollo Global Management in the second quarter worth about $7,954,000. Baird Financial Group Inc. raised its position in shares of Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after acquiring an additional 8,709 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 305 shares during the period. Nebula Research & Development LLC bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $722,000. Finally, Northern Right Capital Management L.P. boosted its position in shares of Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after purchasing an additional 2,500 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. The Goldman Sachs Group lowered their price objective on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Morgan Stanley dropped their price objective on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, Barclays raised their target price on shares of Apollo Global Management from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.08.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.