Apollo posts mixed third-quarter results as fee earnings rise but adjusted EPS misses
Apollo Global Management reported third-quarter 2026 results on November 3, with adjusted earnings of $2.07 per share below the $2.22 consensus estimate. Fee-related earnings reached a record $802 million, up 23% year-over-year, while quarterly origination was $114 billion and client inflows totaled $270 billion over the last twelve months. Assets under management reached $1.074 trillion, but Apollo also reported a GAAP net loss of $1.78 per share and revenue of $4.74 billion.
Why it matters
The earnings miss and reported loss create a negative near-term earnings signal, while the higher fee-related earnings, origination and inflows show strength in Apollo's core asset-management operations. Apollo declared a $0.5625 per-share dividend payable November 30 to shareholders of record November 18, and its shares fell 4.16% after the results.
Key facts
- 1Adjusted earnings were $2.07 per share versus a $2.22 consensus estimate. investing.com
- 2Apollo reported a GAAP net loss of $1.78 per share and total revenue of $4.74 billion. investing.com
- 3Fee-related earnings reached $802 million, up 23% year-over-year. investing.com
- 4Quarterly origination reached $114 billion, while client inflows totaled $270 billion over the last twelve months. ir.apollo.com
- 5Apollo declared a $0.5625 per-share dividend payable November 30 to holders of record at the close of business on November 18. ir.apollo.com
Open questions
- Materials report different total GAAP net-loss amounts for the quarter, with $1.1B in material 7 and $1.06B in material 9; the reported per-share loss is $1.78 in both cited reports.
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.