The earnings call reflected strong financial performance and growth across key metrics, with record earnings and asset management growth. However, challenges in credit spreads and realization cycles present potential headwinds. The sentiment leans more towards positive due to the significant achievements and growth reported.

Company Guidance

During Apollo Global Management's second quarter 2025 earnings call, the company provided a comprehensive update on its robust financial performance and strategic initiatives. They reported record fee-related earnings (FRE) of $627 million, a 22% increase year-over-year, and management fee growth of 21%. The firm's assets under management (AUM) reached a record $840 billion, with $61 billion in robust inflows during the quarter. The company originated $81 billion from its platforms, excluding inorganic activities, with spreads over treasuries at 350 basis points. In terms of investment performance, Apollo's credit business returned between 9% and 12% over the latest 12 months, while the equity business showed strong performance with Fund X achieving a net IRR of 23% and Fund IX a net IRR of 16%. Apollo also highlighted its retirement services segment, noting $21 billion in inflows and a blended net spread of 122 basis points in the quarter. They are optimistic about future growth, driven by innovation and strategic expansion in key markets such as the U.K. and Europe, alongside new product offerings in retirement services and asset management.

Record Financial Results

Apollo Global Management reported record Fee-Related Earnings (FRE) of $627 million, a 22% increase year-over-year, and management fee growth of 21% year-over-year. Additionally, record Asset Centered Solutions (ACS) fees of $216 million were noted.

Strong Asset Management Growth

Asset Management AUM increased by 22% year-over-year to $840 billion, with fee-generating AUM also growing by 22% to $638 billion. Perpetual capital, which is largely insulated from cyclical drawdown fundraising, comprises 60% of total AUM.

Robust Origination and Capital Formation

Apollo originated $81 billion of assets during the quarter, representing nearly 50% growth year-over-year. The firm also generated $61 billion of inflows in the quarter, with record organic inflows of $49 billion.

Retirement Services Success

Athene, Apollo's retirement services platform, reported $21 billion of organic inflows, the second highest on record. Net invested assets grew by 18% year-over-year to $275 billion.

Promising Institutional Demand

The AAA fund, initially conceived as a retail product, witnessed significant institutional demand, with institutions seeking diversified portfolios and leveraging options.

Apollo Global Management (APO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

APO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	1.95 / -	1.85	―	―	―
Aug 05, 2025	2025 (Q2)	1.84 / 1.92	1.64	17.07% (+0.28)
May 02, 2025	2025 (Q1)	1.84 / 1.82	1.72	5.81% (+0.10)
Feb 04, 2025	2024 (Q4)	1.89 / 2.22	1.91	16.23% (+0.31)
Nov 05, 2024	2024 (Q3)	1.73 / 1.85	1.71	8.19% (+0.14)
Aug 01, 2024	2024 (Q2)	1.76 / 1.64	1.7	-3.53% (-0.06)
May 02, 2024	2024 (Q1)	1.78 / 1.72	1.42	21.13% (+0.30)
Feb 08, 2024	2023 (Q4)	1.73 / 1.91	1.42	34.51% (+0.49)
Nov 01, 2023	2023 (Q3)	1.76 / 1.71	1.33	28.57% (+0.38)
Aug 03, 2023	2023 (Q2)	1.65 / 1.70	0.94	80.85% (+0.76)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

APO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$141.50	$145.01	+2.48%
May 02, 2025	$136.90	$134.40	-1.83%
Feb 04, 2025	$165.45	$160.96	-2.71%
Nov 05, 2024	$137.64	$147.36	+7.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Apollo Global Management LLC (APO) report earnings?

Apollo Global Management LLC (APO) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Apollo Global Management LLC (APO) earnings time?

Apollo Global Management LLC (APO) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is APO EPS forecast?

APO EPS forecast for the fiscal quarter 2025 (Q3) is 1.95.

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