Apollo Global Management (APO) Earnings Date & Reports

Key Takeaways

• Apollo Global Management (NYSE: APO) is scheduled to report third-quarter 2026 results before the market opens on Tuesday, November 3, 2026, followed by an 8:30 a.m. ET conference call.
• Wall Street consensus points to adjusted earnings per share (EPS) of roughly $2.20–$2.21, up about 3.3% from the year-ago quarter, alongside segment revenue near $1.34 billion, up roughly 16.6% year over year.
• Investors will focus on fee-related earnings (FRE), spread-related earnings (SRE), and total assets under management (AUM), which analysts expect to approach $1.1 trillion.
• Apollo's prior quarter (Q2 2026) fell short of EPS expectations at $2.11 per share, making this report a closely watched test of whether earnings momentum can reaccelerate.
• The company has reaffirmed 2026 targets for 20%-plus FRE growth and 10% SRE growth, assuming an 11% return on alternatives.
• For more detail on the company, explore Major News, Today's Price Move, Price Targets, and Forecast on dedicated pages.
• To discover automated trading strategies built on AI-driven market signals, explore Trending AI Robots.

Earnings Context and Why It Matters

Apollo Global Management has become one of the world's largest alternative asset managers, having crossed $1 trillion in assets under management (AUM) earlier in 2026. Its results matter well beyond a single quarter because the firm's fee-related earnings (FRE) and spread-related earnings (SRE) are key barometers of how alternative credit, retirement services, and private equity are performing in a shifting interest-rate environment. After Q2 2026 adjusted EPS of $2.11 missed estimates, investors are watching whether expense pressure eases and whether strong AUM growth continues translating into higher management fees. The report will also signal the health of Apollo's core credit origination and capital formation engines heading into year-end.

Earnings Expectations

Analysts expect Apollo to report adjusted EPS of about $2.20 to $2.21 for the quarter ended September 30, 2026, representing a roughly 3.3% increase from the year-ago period. Consensus segment revenue is pegged near $1.34 billion, up approximately 16.6% year over year. These figures reflect Apollo's segment-level reporting, which strips out the much larger, lower-margin insurance and investment income flowing through its retirement services business.

Key metrics investors will scrutinize include fee-related earnings (FRE), spread-related earnings (SRE), management fees, and capital solutions fees. Consensus estimates place management fees near $1.03 billion and total AUM at roughly $1.1 trillion, a modest sequential gain from the $1.05 trillion reported at the end of Q2. Apollo's recent record is mixed: it beat consensus EPS in two of its trailing four quarters and missed twice. The company has reaffirmed full-year 2026 guidance of 20%-plus FRE growth and 10% SRE growth, so any update on that outlook will be closely parsed.

AI Screener

Tickeron's AI Screener is an AI-powered stock and exchange-traded fund (ETF) discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener is designed to help identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening, making it a practical complement to earnings-focused research. Explore the AI Screener to build a watchlist tailored to your own investing criteria.

Market Reaction and Investor Sentiment

Sentiment heading into Apollo's Q3 2026 report has been cautious. The stock has drifted lower since its August earnings release, and Apollo currently carries a Zacks Rank #4 (Sell), reflecting downward estimate revisions over recent weeks. The consensus EPS estimate has been trimmed by roughly 1.6% over the past 30 days, signaling that analysts have been modestly reducing expectations. With an Earnings ESP of about -0.07%, there is no strong statistical signal of a near-term beat. Key risk factors include elevated expenses tied to growth initiatives and integration costs from recent acquisitions, as well as broader concerns about private credit redemptions and market volatility. A rebound in EPS relative to the Q2 miss would likely be the primary catalyst for sentiment to improve.

Forward Outlook and Key Factors to Monitor

Following this report, investors should focus on whether Apollo's fee-related earnings continue to compound on its expanding asset base. The firm has emphasized investment-grade private credit and a "defensive" posture, and management's commentary on origination spreads and credit quality will indicate whether that strategy is still generating attractive returns without excessive risk.

Expense trends are another important variable. Higher spending tied to capital formation, credit capabilities, and acquisition integration has pressured margins in recent quarters. Signs that cost growth is moderating relative to revenue would support the company's full-year FRE and SRE growth targets.

Finally, watch for updates on capital formation, AUM inflows, and the retirement services segment, including Athene's spread performance. Any shift in management's 2026 guidance or comments on the dividend — currently annualizing at $2.25 per share — will help frame expectations for the remainder of the year and into 2027.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations