Key Highlights

  • Apollo Global Management (NYSE:APO) ended June 30, 2026 with about USD 1.05 trillion in Assets under management, a 25 percent increase from a year earlier.
  • Second quarter inflows were USD 60 billion, USD 38 billion from Asset Management and USD 22 billion from Retirement Services, and USD 298 billion over the trailing 12 months.
  • The second quarter adjusted EPS of USD 2.11 missed the USD 2.19 consensus, yet shares rose about 2.67 percent in premarket trading on August 4, 2026.
  • The third quarter report is due before the open on November 3, 2026, with a webcast at 8:30 a.m. ET, and the screener consensus is USD 2.20.

What Apollo Is Expected To Report

Apollo Global Management (NYSE:APO) reports third quarter 2026 results before the NYSE opens on Tuesday, November 3, 2026. The screener consensus is USD 2.20, about 4.3 percent above the USD 2.11 delivered last quarter, simple arithmetic on two numbers. Last quarter showed how noisy headline comparisons can be: reported Revenue was USD 11.15 billion against an estimate near USD 5.6 billion, a gap that likely reflects investment-related items in Retirement Services rather than a true surprise, which is an inference. Investors therefore tend to watch fee-related earnings, spread-related earnings, inflows and origination instead. The webcast starts at 8:30 a.m. ET, and the company ended its latest quarter with USD 1.05 trillion of assets under management.

How The Earnings Engine Works

Apollo earns management and transaction fees on assets in its funds, and it earns a spread in Retirement Services: the Yield on assets it originates minus the cost of the policies it sells. Origination of USD 74 billion in the second quarter feeds that spread, and inflows of USD 60 billion add to fee-paying capital. The share price of USD 118.56 on the latest quote leaves the stock sensitive to Credit quality, private-credit marks and interest rates. Apollo Global Management (NYSE:APO) is therefore valued on how durable its fee and spread streams look, not on one quarter's EPS.

Bull Case, Bear Case And Risks

In a bull case, Apollo Global Management (NYSE:APO) beats USD 2.20, shows inflows at or above USD 60 billion and origination above USD 74 billion, and the shares add 5 percent to about USD 124.49. In a bear case, EPS misses again, credit marks soften, and a 5 percent drop would take shares to about USD 112.63. Both are simple arithmetic on the latest quote, because no options-implied move was found. No peer alternative-asset manager print was verified for this article. Risks include credit losses, valuation marks on private assets, spread compression and a slowdown in fundraising.

Where Things Stand

Apollo Global Management (NYSE:APO) has indeed combined USD 298 billion of trailing 12-month inflows with a second quarter EPS miss, so the headline contrast is real, and the November 3, 2026 report will test whether the miss was timing or trend. The balance of evidence favors strong asset gathering and origination, against sensitivity to credit conditions and noisy comparisons. The next catalyst is the 8:30 a.m. ET webcast, where inflows, origination and Retirement Services spreads are the numbers to watch. This is a preview, not a forecast of results.