Apollo Global Management, Inc. (APO) Earnings Call Transcripts

Apollo Global Management, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Apollo Global Management reported record earnings, with total adjusted net income reaching $1.3 billion or $2.11 per share, driven by robust fee-related earnings of $785 million and spread-related earnings of $877 million. The company highlighted strong origination activity of $74 billion, which is expected to bolster future earnings. Management maintained its guidance for 20% growth in fee-related earnings (FRE) for the year, reflecting confidence in ongoing momentum across its business segments.

Reported metrics

Guidance from management

Management maintained its guidance for 20% growth in fee-related earnings (FRE) for the year, supported by a strong pipeline and record capital formation.

What management said

The only thing I would add is consistent with that, what Marc laid out is we find ourselves when we have grown, you can go 2 ways in your business. You can become more siloed or you can be more integrated. We're clearly going to more integrated approach. That's when you see the results of ACS, that provides that example. And by buying something universally they'll want to get siloed, they'll want to control their des...

And I would just add, if you -- what we've been saying the excitement that you're hearing about our business and the breadth of the growth opportunities, we want to make our numbers plus some, but also invest in this bright future. I mean, it's never been so exciting from our perspective. So if you think -- if you had that principal mindset, this is what you would like us to do with shareholders.

What analysts pressed on

Analysts expressed concerns regarding the competitive landscape in retail annuities and the impact of regulatory changes on spread pressures. There were also questions about the sustainability of recent inflows and origination momentum in a potentially tightening market.

Main topics on the call

• Record Earnings — Apollo reported total adjusted net income of $1.3 billion or $2.11 per share, driven by record fee-related earnings of $785 million, up 25% year-over-year. Management stated, "These results highlight the tangible executi...
• Strong Origination Activity — The company achieved origination activity of $74 billion in Q2, contributing to a total of nearly $150 billion in the first half of 2026. Marc Rowan noted, "Origination here was a very strong quarter... The pipeline has ...
• Capital Formation Success — Apollo generated $60 billion in total inflows during the quarter, with asset management contributing $38 billion and Athene $22 billion. Jim Zelter highlighted, "Institutional demand for our AMAPS product remains very st...
• Guidance Maintained — Management maintained its guidance for 20% growth in FRE for the year, supported by a strong pipeline and record capital formation. Martin Kelly stated, "We expect our institutional business to deliver a record fundraisi...

Read the full Apollo Global Management, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 77 Apollo Global Management, Inc. earnings call transcripts on record, spanning January 30, 2020 to August 4, 2026. Based on this history, Apollo Global Management, Inc. reports quarterly. The most recent call on file is dated August 4, 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

77

First call

January 30, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly