Apollo Global (APO)
NYSE:APO
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.2Last Year’s EPS
1.92Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call delivered a strongly positive operating and financial update: record fee-related earnings, robust origination and capital formation, large AUM growth approaching $1 trillion, and material progress on transparency and market-making initiatives. Management reaffirmed growth guidance (20%+ FRE growth, 10% SRE growth assuming 11% alts return) and emphasized high-quality origination, product innovation at Athene (AMAPS, new markets) and a defensive yet opportunistic positioning. Headwinds noted include a near-term hit to SRE from specific impairments and capital transactions, some spread compression and competitive pricing in select origination channels, elevated expenses, and ongoing regulatory and liquidity-market structure risks. On balance, positive operational momentum and sizable strategic advantages outweigh the quarter-specific challenges and risks.Company Guidance
Record Fee-Related Earnings (FRE)
FRE of $728 million, a new high, up 30% year-over-year and 6% quarter-over-quarter; FRE margin expanded to 58%, ~50 basis points year-over-year.
Strong Spread-Related Earnings (SRE) and Adjusted Net Income
SRE of $719 million for the quarter; adjusted net income (adjusted net income) of $1.2 billion or $1.94 per share (total earnings), reflecting robust overall profitability.
Origination Momentum and Quality
Origination totaled $71 billion in Q1 (representing ~25% year-over-year growth), with origination spreads averaging ~350 basis points over Treasuries and average credit quality around BBB; Marc and Jim indicated Q2 origination pipeline looks stronger and record origination potential (record is $97 billion).
Capital Formation and Strategic Close
Total capital formation of $115 billion in the quarter (of which $50 billion was organic and $65 billion related to the closing of the Pension Investment Corp. (PIC) transaction for Athora).
Asset Management Scale and Fee-Generating AUM Growth
Total AUM near $1 trillion; AUM and fee‑generating AUM grew ~31% and ~40% year-over-year, respectively; management fees increased 24% year-over-year and fee‑related performance fees grew 19% year-over-year.
Athene Retirement Momentum and Product Innovation
Athene net investment assets grew (transcript: 14% year-over-year to $300 [reported]); alts portfolio returned 6% for the quarter versus sharply negative public indices (S&P down ~17%, Russell down ~16%), AAA fund >$27.5 billion with 12% net return since inception; new-product traction (AMAPS $11 billion invested and expected to double; new markets liability generation >$1 billion in Q1 with expectations >$5 billion in 2026).
Transparency, Pricing and Market Making Progress
Commitment to daily estimated pricing across credit businesses (investment-grade daily by 6:30; whole credit franchise by 9:30), market-making volumes now north of $13 billion of traded private assets and ICE IDs being assigned for all private assets to improve standardization and price transparency.
Capital Return & Dividend Increase
Declared common dividend that annualizes to $2.25 per share, reflecting a 10% year-over-year increase; continued share buyback activity (management prioritizes buybacks when appropriate vs. acquisitions).
APO Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $130.30 | $129.53 | -0.59% |
Feb 09, 2026 | $133.03 | $133.95 | +0.69% |
Nov 04, 2025 | $123.95 | $130.51 | +5.29% |
Aug 05, 2025 | $141.50 | $145.01 | +2.48% |
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 (APO) report earnings?
Apollo Global (APO) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Apollo Global (APO) earnings time?
Apollo Global (APO) earnings time is at Jul 30, 2026, 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 2026 (Q2) is 2.2.