Apollo Global Management's second quarter earnings call highlighted strong performance across multiple segments, with record-breaking earnings and asset growth. The firm successfully navigated challenges of spread tightening and continued to innovate in origination. While realizations in mutual funds remain a concern, overall performance remains robust.

Company Guidance -

Q3 2025

During Apollo Global Management's Second Quarter 2025 Earnings Conference Call, the company highlighted several key metrics demonstrating robust performance. Apollo reported a record Fee-Related Earnings (FRE) of $627 million, marking a 22% increase year-over-year, and management fee growth of 21% over the same period. Additionally, Capital Solutions fees reached a record $216 million. The company's total Assets Under Management (AUM) hit a new high of $840 billion, with $61 billion in robust inflows across the firm. In their credit business, returns varied between 9% and 12% over the past 12 months, and the equity segment saw strong figures with Fund X generating a net Internal Rate of Return (IRR) of 23%. Moreover, in retirement services, Apollo noted $21 billion in inflows for the quarter and maintained a focus on developing innovative products to meet growing market demands. The firm also highlighted strategic growth in various regions, particularly Europe, and emphasized the importance of origination capabilities in driving the company's success.

Record Fee-Related Earnings (FRE)

Apollo reported record FRE of $627 million, up 22% year-over-year, driven by management fee growth of 21% and record ACS fees of $216 million.

Strong Asset Management Performance

Asset management AUM reached a record $840 billion, with fee-generating AUM growing 22% to $638 billion. Nearly 60% of total AUM is comprised of perpetual capital.

Impressive Origination Volume

Apollo originated $81 billion of assets during the quarter, representing nearly 50% growth year-over-year, with significant contributions from core credit and high-grade capital solutions.

Robust Inflows Across the Firm

The firm generated $61 billion of inflows in the quarter, including record organic inflows of $49 billion, driven by asset management and Athene.

Continued Strong Performance in Retirement Services

Athene recorded $21 billion of organic inflows, marking the second highest result on record, with notable strength in fixed index annuities and favorable issuance spreads.

Hybrid Segment Growth

The hybrid segment achieved a 17% return across the franchise over the latest 12 months, with funds closing in at $11.1% over the latest 12 months and 2.6% in the quarter.

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

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APO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	1.94 / -	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	$142.02	$145.54	+2.48%
May 02, 2025	$137.40	$134.89	-1.83%
Feb 04, 2025	$166.06	$161.55	-2.72%
Nov 05, 2024	$138.15	$147.90	+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 1.94.

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