Revenue Decline
Total revenue fell 8.8% year-over-year to $5.059B in Q1 FY2026 from $5.548B in the prior-year period, signaling headwinds in fee-related or investment income streams.
Apollo Global Management, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: 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.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue fell 8.8% year-over-year to $5.059B in Q1 FY2026 from $5.548B in the prior-year period, signaling headwinds in fee-related or investment income streams.
APO swung to a net loss of -$1.906B from a net income of $442M in Q1 FY2025, a -531.2% deterioration, likely reflecting mark-to-market losses or significant non-cash charges on investment portfolios.
Despite the reported net loss, operating cash flow improved significantly by +60.1% to $1.620B, suggesting the net loss may be driven by non-cash items rather than underlying business deterioration.
Revenue
$5.06B
-8.81% YoY
EPS (Basic)
$-3.27
-580.88% YoY
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