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

Apollo Global Management (NYSE:APO) announced its quarterly earnings results on Tuesday. The financial services provider reported $2.11 earnings per share (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 last year, the company posted $1.92 EPS.

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 Stock Up 0.1%

NYSE:APO traded up $0.13 during midday trading on Tuesday, reaching $129.55. The company had a trading volume of 1,038,920 shares, compared to its average volume of 4,603,977. The firm has a market capitalization of $74.69 billion, a price-to-earnings ratio of 82.32, a PEG ratio of 1.10 and a beta of 1.50. The stock’s fifty day simple moving average is $125.36 and its 200-day simple moving average is $123.03. 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 Increases Dividend

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

Insider Buying and Selling

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction dated 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 sale, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently made changes to their positions in APO. Schnieders Capital Management LLC. purchased a new position in Apollo Global Management in the second quarter worth approximately $7,954,000. Baird Financial Group Inc. increased 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 valued at $2,287,000 after purchasing an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL increased its position 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 last quarter. Nebula Research & Development LLC acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at $722,000. Finally, Northern Right Capital Management L.P. raised its holdings in shares of Apollo Global Management by 1.5% in the 2nd 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. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management News Roundup

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BMO Capital Markets lowered their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. Piper Sandler lowered their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. TD Cowen lowered their target price on shares of 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, HSBC began coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.