Apollo Global Management 8-K
PositiveEarnings
Fee revenue growth and wider margins drove record Asset Management earnings; organic growth and better net spread powered record Retirement Services earnings
Filed 2026-08-04 06:30 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results, with record earnings across Asset Management and Retirement Services. GAAP net income attributable to common stockholders was $1.34B, while non-GAAP adjusted net income was $1.31B. Apollo cited record fee-related earnings and spread-related earnings, supported by fee revenue growth, margin expansion and organic growth.
Key Figures
| Metric | 2Q'26 | 2Q'25 | Y/Y |
|---|---|---|---|
| Revenue | $11.2B | $6.81B | 63.7% |
| Net income attributable to Apollo Global Management, Inc. common stockholders | $1.34B | $605M | 120.8% |
| Adjusted net income (non-GAAP) | $1.31B | $1.18B | 11.5% |
| Diluted EPS (GAAP) | $2.15 | $0.99 | 117.2% |
| Adjusted net income per share (non-GAAP) | $2.11 | $1.92 | 9.9% |
| Fee Related Earnings (non-GAAP) | $785M | $627M | 25.2% |
| Spread Related Earnings (non-GAAP) | $877M | $821M | 6.8% |
| Total AUM | $1.05T | $840B | 25% |
- Fee Related Earnings increased on record fee-related revenue and 120 bp of margin expansion; Spread Related Earnings grew with strong organic growth trends and improving net spread.
- Inflows were $60B for the quarter and $298B over the last twelve months; quarterly origination was $74B.
- Apollo repurchased 781,696 shares for $102M in the quarter, vs 112,211 shares for $16M in 2Q'25. Common shares outstanding declined by 535,705 Q/Q to 576.0M. The declared dividend is $0.5625 per share, payable 8/31/2026 to holders of record 8/19/2026.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch whether inflows and organic growth continue to support FRE and SRE in subsequent quarters.
- Performance-fee realization and exit activity are worth monitoring; Apollo said monetization across certain flagship funds remained delayed amid an evolving exit environment.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3