Assets Under Management Reach $1.05 Trillion
Total AUM reached $1.05 trillion as of June 30, 2026, with credit strategies accounting for $849 billion (81%) and equity strategies $198 billion (19%).
Source: 10-Q Item 2 MD&A
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Apollo Global Management's second quarter FY2026 featured record assets under management of $1.05 trillion, driven by sustained inflows into credit and the integration of Bridge Investment Group. Retirement Services benefited from the higher rate environment, while Asset Management saw growth in management and advisory fees. However, performance fees remained mixed, with certain funds recording unrealized losses and a $163 million general partner obligation to return previously distributed profits, underscoring the inherent volatility of this revenue stream.
Revenue
$11.15B
+63.68% YoY
EPS (Diluted)
$2.15
+117.17% YoY
Source: SEC XBRL
Apollo Global Management (APO) reported Q2 FY2026 revenue of $11.15B, up 63.7% year over year. APO's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 2 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 2.11 | 2.20 | Miss -3.9% |
| Mar 2026 | 1.94 | 1.95 | Miss -0.5% |
| Dec 2025 | 2.47 | 2.07 | Beat +19.3% |
| Sep 2025 | 2.17 | 1.93 | Beat +12.4% |
Adjusted (non-GAAP) EPS of $2.11 versus the $2.20 analyst consensus — a -3.9% miss for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $2.15.
2 reported segments · SEC XBRL
Segment revenue totals $11.15B, which is the $11.15B of consolidated revenue on the income statement.
Compiled by AI from 10-Q Item 2 of this filing
Total AUM reached $1.05 trillion as of June 30, 2026, with credit strategies accounting for $849 billion (81%) and equity strategies $198 billion (19%).
Source: 10-Q Item 2 MD&A
The September 2025 acquisition of Bridge Investment Group contributed to Asset Management's results, diversifying revenue with property management and other fee income.
Source: 10-Q Item 2 MD&A
Total performance fees for the quarter were $516 million (unrealized $320 million, realized $196 million), but certain funds, such as Fund IX and ANRP, generated losses, and $163 million in general partner obligations exist, representing amounts that could be clawed back if fund performance deteriorates.
Source: 10-Q Item 2 MD&A
Athene's net floating rate asset exposure was only $2.3 billion, or 1% of net invested assets, as it matches assets and liabilities to mitigate interest rate risk.
Source: 10-Q Item 2 MD&A
Management noted that U.S. inflation remained elevated at 3.5% and uncertainty around tariffs and geopolitical tensions could weigh on future economic growth, though current market conditions are supportive.
Source: 10-Q Item 2 MD&A
Compiled by AI from 10-Q Item 2 of this filing · 2 high, 2 medium, 1 low
Athene's spread income and product demand are highly sensitive to interest rates. A decline in rates could compress net investment spreads and make annuity products less attractive to consumers.
Source: 10-Q Item 2 MD&A
Performance fees depend on market conditions and fund investment performance. Unrealized fees can reverse, and general partner obligations may require repayment of previously distributed fees, impacting earnings unpredictably.
Source: 10-Q Item 2 MD&A
Changes in equity and credit market valuations directly affect AUM, investment income, and performance fees, potentially reducing revenue and asset values.
Source: 10-Q Item 2 MD&A
Elevated inflation and a restrictive monetary policy stance could slow economic growth, increase defaults, and negatively impact valuations of assets under management.
Source: 10-Q Item 2 MD&A
Ongoing conflicts and trade policy uncertainty, including U.S. tariffs, could disrupt global markets. While Apollo has minimal direct exposure, broader market turmoil could affect its business.
Source: 10-Q Item 2 MD&A
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 11.15 $B | 6.81 $B | +63.68% |
Net Income $B | 1.36 $B | 0.63 $B | +116.03% |
EPS (Basic) $ | 2.18 $ | 1.00 $ | +118.00% |
EPS (Diluted) $ | 2.15 $ | 0.99 $ | +117.17% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
APO reported a sharp net loss of -$1.906B in Q1 FY2026, reversing a $442M profit a year ago, driven by a -8.8% revenue decline to $5.059B, even as operating cash flow surged +60.1% to $1.620B.
APO (Apollo Global Management) delivered strong revenue growth of 22.7% to $32.0B in FY2025, but net income declined 22.1% to $3.5B, while operating cash flow more than doubled to $7.2B, reflecting the firm's expanding alternative asset management and insurance platform.
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