Apollo Global Management Reports 63.7% Revenue Growth to $11.15 Billion in Q2 2026

**Apollo Global Management Reports Strong Financial Performance in Second Quarter 2026**

Apollo Global Management, Inc. (NYSE: APO) has reported robust financial results for the second quarter and first six months ended June 30, 2026. The company's total revenues reached $11.15 billion for the three months ended June 30, 2026, a significant increase of 63.7% from $6.81 billion in the same period of the prior year. For the six-month period, total revenues grew by 31.1% to $16.21 billion, up from $12.36 billion in the first six months of 2025. This growth was primarily driven by strong performance in both the Asset Management and Retirement Services segments.

The Asset Management segment saw its revenues increase by 47.0% to $1.63 billion for the three months ended June 30, 2026, compared to $1.11 billion in the prior year period. This growth was fueled by higher investment income, management fees, and advisory and transaction fees. For the six-month period, Asset Management revenues rose by 22.5% to $2.64 billion. The Retirement Services segment also experienced substantial growth, with revenues increasing by 66.9% to $9.53 billion for the three months ended June 30, 2026, and by 33.0% to $13.57 billion for the six-month period. This surge was largely attributed to a significant increase in investment-related gains (losses) and net investment income.

Strategically, Apollo completed the acquisition of Bridge in an all-stock transaction on September 2, 2025, integrating its results into the condensed consolidated financial statements from the acquisition date. This acquisition is expected to contribute to future growth and synergies. The company also declared a cash dividend of $0.5625 per share of common stock, payable on August 31, 2026, and announced a new share repurchase program authorizing up to $4.0 billion of common stock repurchases.

Operationally, Apollo's total Assets Under Management (AUM) reached $1.05 trillion as of June 30, 2026, an increase of 2.0% from the prior quarter. Fee-Generating AUM also saw a notable increase, reaching $858.0 billion as of June 30, 2026. The company's Asset Management segment reported Fee Related Earnings (FRE) of $785 million for the three months ended June 30, 2026, up 25.2% from the prior year, and $1.51 billion for the six-month period, up 27.6%. The Retirement Services segment reported Spread Related Earnings (SRE) of $877 million for the three months ended June 30, 2026, a 6.8% increase year-over-year, though SRE decreased slightly by 1.8% to $1.60 billion for the six-month period.

Looking ahead, Apollo anticipates continued growth driven by its Asset Management and Retirement Services segments. The company expects to fund its operations through management fees, performance fees, and operating cash flows. Management believes its current liquidity position, combined with available credit facilities, is sufficient to meet anticipated expenses and working capital needs for at least the next twelve months. The company's outlook remains positive, supported by resilient U.S. economic activity and continued investor demand for alternative investment managers.