Apollo Global Management, Inc. · APOS · FY2026 Q1 · Calendar Q2 2026

Apollo Q1: Fee earnings reach a high as 2026 outlook holds

Apollo’s reported fee-related earnings growth, origination activity and reaffirmed 2026 guidance support a constructive operating picture. The call also highlights execution, credit-market, pricing and regulatory risks that could challenge that trajectory.

Reported Session unavailableNYSEFinancial Services $67.13B market cap
90quality score

Earnings scorecard

Reported versus consensus
Reported EPS $-3.24 Consensus $2.14
EPS surprise -251.4% Reported versus consensus
Reported revenue $5.06B Consensus $5.49B
Revenue surprise -7.8% Reported versus consensus

Market reaction

close-to-close (session unavailable)
Stock move -0.2% Event window
SPY move +1.0% Same window
Abnormal move -1.2% Stock minus SPY
Volume 0.7× Versus trailing sessions
Subsequent drift +1.4% Up to 20 sessions
APOSSPY benchmark

Ask FN2 about APOS FY2026 Q1

Transcript, numbers and history already loaded
Why did APOS fall 0.2% after missing EPS estimates in FY2026 Q1?What changed in APOS's guidance and outlook in FY2026 Q1?Give me the bull and bear case for APOS after FY2026 Q1 earnings.

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Transcript intelligence

What changed

Management reported record fee-related earnings and higher origination, and described the completion of the Pension Investment Corporation acquisition. The call also highlighted expanded daily pricing and market-making initiatives; management reaffirmed its 2026 growth outlook.

Guidance delta

Management maintained its 2026 outlook, including approximately 20% growth in fee-related earnings and 10% growth in spread-related earnings.

Key takeaways

  • Fee-related earnings reached $728 million, up 30% year over year, according to the call analysis.
  • Origination volume rose 25% year over year to $71 billion; management described a strong pipeline.
  • Capital formation was $115 billion, including $65 billion associated with the Pension Investment Corporation transaction.
  • Management emphasized greater daily pricing coverage and expanded market-making capabilities.

Management priorities

  • Expand AMAPS exposure from its current level by year-end.
  • Extend daily pricing coverage across the credit franchise.
  • Use the Athora platform to grow UK assets and pursue additional equity commitments.
  • Continue expansion in Japan and broader Asia-Pacific markets, while remaining selective on acquisitions.

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Earnings History

Estimate Beat Miss Match
APOS EPS earnings history estimate and actual scatter chart 6 reported fiscal quarters and 4 future estimate-only quarters. Q2 '25 estimate $1.84 Q2 '25 actual $1.02, miss Q3 '25 estimate $1.90 Q3 '25 actual $2.86, beat Q4 '25 estimate $2.04 Q4 '25 actual $2.47, beat Q1 '26 estimate $2.14 Q1 '26 actual $-3.24, miss Q2 '26 estimate $2.16 Q2 '26 actual $2.11, miss Q3 '26 estimate $2.19 Q3 '26 actual $2.07, miss Q4 '26 estimate $2.50 Q1 '27 estimate $2.54 Q2 '27 estimate $2.65 Q3 '27 estimate $2.79

Company context

Snapshot as of publication

Apollo Global Management specializes in providing novel financing options to various businesses. Additionally, it offers a comprehensive portfolio of retirement savings products, primarily through its subsidiary, Athene, which focuses on retirement services.

Historical context

All APOS earnings
-0.5%FY2026 Q3 · Calendar Q4 2026+0.2%FY2026 Q2 · Calendar Q3 2026

Financial Services peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
APO Apollo Global Management, Inc. FY2026 Q3 · Calendar Q4 2026 -5.5% -4.9% Apollo Posts Record Q3 Earnings, Reaffirms 2027 Growth Targets
EQH Equitable Holdings, Inc. FY2026 Q3 · Calendar Q4 2026 — +1.8% EQH reports Q3 EPS growth and strong retirement inflows as merger work advances
PS Pershing Square Inc. FY2026 Q3 · Calendar Q4 2026 -1.5% +0.1% Pershing Square emphasizes insurance buildout and new fund plans
EQH-PA Equitable Holdings, Inc. FY2026 Q3 · Calendar Q4 2026 +14.5% — Equitable Holdings: EPS Growth, Corebridge Synergies in Focus
CRBG Corebridge Financial, Inc. FY2026 Q3 · Calendar Q4 2026 -0.8% +2.5% Corebridge’s operating earnings grew, while revenue fell short of consensus

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-04T12:50:44.244529+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-04. For educational purposes only; not investment advice.