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

Apollo Global Management (NYSE:APO) posted 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. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same period in the previous 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 Price Performance

NYSE APO traded down $1.15 during trading hours on Thursday, reaching $128.59. The company’s stock had a trading volume of 379,352 shares, compared to its average volume of 4,600,146. The firm has a market capitalization of $74.13 billion, a price-to-earnings ratio of 47.05, a P/E/G ratio of 1.16 and a beta of 1.51. The company’s 50-day moving average is $125.41 and its two-hundred day moving average is $122.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.73. Apollo Global Management has a 1-year low of $99.56 and a 1-year high of $153.29.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 143.31%.

Analyst Ratings Changes

APO has been the topic of a number of research analyst reports. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. BMO Capital Markets dropped their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Barclays upped their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.77.

Insider Buying and Selling

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the firm’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 sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in APO. Sunbelt Securities Inc. grew its holdings in shares of Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 82 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in Apollo Global Management by 3.3% during the fourth quarter. Integrated Advisors Network LLC now owns 3,096 shares of the financial services provider’s stock worth $448,000 after acquiring an additional 100 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in Apollo Global Management by 1.5% during the fourth quarter. Hohimer Wealth Management LLC now owns 7,760 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 116 shares during the last quarter. Syon Capital LLC boosted its position in Apollo Global Management by 6.4% during the fourth quarter. Syon Capital LLC now owns 2,101 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 126 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Apollo Global Management by 35.0% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 540 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.