Apollo Global Management, Inc. (APO) Earnings Call Transcripts
Apollo Global Management, Inc.'s Latest Earnings Call - September 23, 2026
In the earnings call held on September 23, 2026, Apollo Global Management (APO:US) showcased a robust outlook amid a resilient macroeconomic backdrop, with management emphasizing strong fundamentals and a growing demand for private market solutions. The firm reported significant growth in assets under management (AUM), now exceeding $1 trillion, and highlighted a transformative shift towards daily net asset value (NAV) pricing across its products. Management maintained its ambitious growth targets, projecting a 20% annual increase in asset management and a 10% growth in its retirement business over the next five years.
Reported metrics
| Metric | Value |
|---|---|
| Assets Under Management (AUM) | $1.15 trillion (positive) |
| Projected Growth Rate (Asset Management) | 20% (positive) |
| Projected Growth Rate (Retirement Business) | 10% (positive) |
| Daily NAV Implementation | September 30, 2026 (positive) |
| Origination Capital Needs | $4 trillion+ (U.S.) (positive) |
| Projected Trading Volume | $50 billion (positive) |
Guidance from management
Management maintained its growth targets, projecting a 20% annual increase in asset management and a 10% growth in the retirement business over the next five years, indicating confidence in market demand and operational capabilities.
What management said
So the fundamentals are actually quite positive. Everyone has a job. There is no immigration. Let's talk U.S. first, which is the largest market. Everyone has a job, no immigration. You have a massively accretive CapEx cycle, which is creating demand across lots of different sectors. You have the government policy incredibly accommodative. Capital markets are wide open. And so valuation aside, I think it will be diff...
What analysts pressed on
Analysts expressed concerns about the potential risks associated with regulatory arbitrage and the competitive landscape in private credit markets, particularly regarding the quality of credit and the impact of new entrants with less discipline.
Main topics on the call
- Resilient Macroeconomic Environment — Management noted that 'the fundamentals are actually quite positive' with strong job growth and an accommodative government policy, indicating a low likelihood of a U.S. recession in the near term.
- Growth in AUM — Apollo's AUM has surpassed $1 trillion, positioning it among the top five alternative asset managers globally. This growth is attributed to a strong demand for private market solutions and innovative product offerings.
- Shift to Daily NAV Pricing — Management announced that 'we will be daily NAV across the entirety of our credit business' by September 30, enhancing liquidity and transparency for investors.
- Focus on Origination — Marc Rowan emphasized that 'the promise of private markets starts with excess return per unit of risk,' indicating a strategic focus on enhancing origination capabilities to drive growth.
Read the full Apollo Global Management, Inc. transcript (September 23, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Apollo Global Management, Inc.
Apollo Global Management, Inc. (APO) is a publicly listed company in the Financial Services industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 81 calls on record spanning January 30, 2020 to September 23, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 81 Apollo Global Management, Inc. earnings call transcripts on record, spanning January 30, 2020 to September 23, 2026. Based on this history, Apollo Global Management, Inc. reports quarterly. The most recent call on file is dated September 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- APO
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Financial Services
- Calls on record
- 81
- First call
- January 30, 2020
- Most recent
- September 23, 2026
- Reporting cadence
- quarterly