APO · News · 20260804N

Revenue Performance and Mix

Apollo Global Management, Inc. · 2026-08-04 · Importance 47 · Surprise 48 · No source text

Apollo reported second-quarter 2026 revenue of approximately $11.15 billion, exceeding consensus expectations. Fee-related earnings reached a record $785 million, up 25% year over year and 8% sequentially, supported by higher assets under management and recurring management fees. Spread-related earnings also reached a record $87 million, reflecting growth across Asset Management and Retirement Services. Realized performance fees fell to $130 million, down 40% year over year, as Apollo delayed asset sales in a less accommodative market.

Key facts

• Fee-Related Earnings (FRE) in Q2: record $785 million, or $1.26 per share, up 25% year-over-year and 8% quarter-over-quarter. source
• Apollo reported Q2 revenue of $1.34 billion in one report and other reporting referenced revenue of $11.15 billion in a different source (discrepancy across sources). source
• Apollo reported net income per share of $2.11 for the second quarter, which fell below analyst estimates. source

Impact estimates