Apollo Reports Strong Q2 Earnings, $1.05 Trillion AUM, and Significant Profit Reversal
APO sits 27% above its 52-week low of $99.56.
Summary
Apollo Global Management announced robust Q2 2026 financial results, including a significant return to profitability with $1.3 billion in net income, strong growth in AUM to $1.05 trillion, and continued shareholder capital returns.
Key Events · Earnings and Guidance · APO
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Strong Q2 Financial Performance
Reported GAAP Net Income of $1.3 billion ($2.18 per share) and Adjusted Net Income of $1.3 billion ($2.11 per share) for Q2 2026, marking a significant positive turnaround from the Q1 2026 GAAP net loss of $1.93 billion.
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Record Earnings Growth in Key Segments
Fee Related Earnings (FRE) increased 25% year-over-year to $785 million, and Spread Related Earnings (SRE) rose 7% year-over-year to $877 million, reflecting strong organic growth and margin expansion.
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Assets Under Management Exceed $1 Trillion
Total Assets Under Management (AUM) grew 25% year-over-year to $1.05 trillion, driven by $60 billion in inflows during the second quarter.
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Continued Shareholder Capital Returns
Repurchased $102 million of common stock in Q2 2026, contributing to $1.6 billion in capital returned to stockholders over the last twelve months. The company has $3.03 billion remaining on its $4 billion share repurchase authorization.
Analysis · APO · Finance
Apollo Global Management reported a strong rebound in Q2 2026, posting a GAAP net income of $1.3 billion, a significant reversal from the $1.93 billion net loss in Q1 2026. This positive performance is driven by record Fee Related Earnings (FRE) and Spread Related Earnings (SRE), alongside substantial growth in Assets Under Management (AUM) to over $1 trillion. The company also continued its share repurchase program and declared a dividend, signaling financial health and commitment to shareholder returns despite recent market concerns about private credit fund redemptions.
At the time of this filing, APO was trading at $126.61 on NYSE in the Finance sector, with a market capitalization of approximately $76.5B. The 52-week trading range was $99.56 to $153.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.