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

Apollo Global Management (NYSE:APO) posted its quarterly 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. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $5.65 billion. 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 business 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 Price Performance

Shares of NYSE:APO traded down $0.88 during trading on Wednesday, reaching $132.32. The company had a trading volume of 277,328 shares, compared to its average volume of 4,603,324. The company has a fifty day moving average of $125.42 and a two-hundred day moving average of $122.96. The stock has a market capitalization of $76.29 billion, a P/E ratio of 84.28, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $153.29. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. 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: Apollo reported approximately $1.047 trillion in AUM, up 25% year over year, with $60 billion of quarterly inflows. Fee-related earnings increased 25% to $785 million, while spread-related earnings rose 7% to $877 million. Apollo Reports Second Quarter 2026 Results
• Positive Sentiment: Apollo has raised $12 billion so far for its flagship private-equity fund, highlighting continued institutional demand for its products and the potential for future management fees. Apollo Draws $12 Billion So Far for Flagship Private Equity Fund
• Positive Sentiment: The company announced a $1 billion joint venture with Starwood REIT, expanding its investment activity and potential fee-generating opportunities. Apollo Invests $1 Billion in Joint Venture With Starwood REIT
• Positive Sentiment: Apollo declared a quarterly dividend of $0.5625 per share, payable August 31 to shareholders of record August 19. The annualized payout is approximately $2.25 per share, representing a yield of about 1.7%.
• Neutral Sentiment: Apollo is establishing an Austin strategic growth hub focused on technology, innovation and new businesses across asset management and retirement services. The move may support long-term growth, although management did not provide a specific near-term financial contribution. Apollo Austin Strategic Growth Hub
• Negative Sentiment: Adjusted EPS was $2.11, below estimates of roughly $2.16-$2.18, as expenses increased year over year. The earnings shortfall is the main reason the strong operating metrics have not produced a uniformly positive reaction. Apollo Global Q2 Earnings Miss Estimates
• Negative Sentiment: Asset sales generated less than expected in a more challenging market, delaying monetizations that have benefited some competing alternative-asset managers. This raises concerns about near-term performance fees and realization activity. Apollo Fees Rise While Asset Sales Slow

Insider Transactions at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the business’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 value of $6,355,825.04. Following the completion of the sale, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Compound Planning Inc. boosted its position in Apollo Global Management by 8.7% during the 4th quarter. Compound Planning Inc. now owns 4,626 shares of the financial services provider’s stock valued at $670,000 after acquiring an additional 372 shares in the last quarter. Corient Private Wealth LLC grew its stake in Apollo Global Management by 271.8% in the fourth quarter. Corient Private Wealth LLC now owns 1,024,143 shares of the financial services provider’s stock worth $148,255,000 after purchasing an additional 748,697 shares during the period. Royal Capital Wealth Management LLC bought a new position in Apollo Global Management in the fourth quarter worth $340,000. Ameriflex Group Inc. raised its holdings in Apollo Global Management by 16,750.0% in the fourth quarter. Ameriflex Group Inc. now owns 674 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 670 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Apollo Global Management by 10.9% during the fourth quarter. Raymond James Financial Inc. now owns 1,118,520 shares of the financial services provider’s stock valued at $161,917,000 after buying an additional 109,766 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APO has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Apollo Global Management from a “strong sell” rating to a “sell” rating in a report on Sunday. Piper Sandler dropped their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. The Goldman Sachs Group decreased their price objective on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. TD Cowen lowered their price objective on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Weiss Ratings lowered Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.00.

Apollo Global Management Company Profile

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.