NYSE$APO

Apollo Global Management Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Apollo Global Management reported Q1 2026 total revenues of $5.06B and a net loss attributable to common stockholders of $1.93B, or $(3.27) per share.

For the quarter ended March 31, 2026, Apollo reported total revenues of $5.06 billion, including $1.01 billion from asset management fees and $4.05 billion from retirement services, but investment losses and a large tax provision produced a net loss attributable to common stockholders of $1.93 billion, or $(3.27) per share.

  • Total revenues $5.06B; management fees $696M (+37% YoY).
  • Retirement services premiums and investment income dominate top line.
  • Net loss to common $(1.93)B on mark-to-market and tax.
  • Fee-related earnings remain positive ex volatile marks.

Headline financials

Total Revenue

$5.06B

Previous: $5.55B-8.8%
EPS (adj)

-$3.27

Previous: $0.68-580.9%
Net Income

-$1.91B

Previous: $442M-531.2%
Operating Income

-$2.95B

Previous: $1.18B-350.0%
Gross Profit

$1.73B

No prior period
Total Assets

$468B

No prior period

Revenue & EPS history

Apollo · Revenue · Quarterly

$5.06B

Q1 2026-8.8%vs Q1 2025
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Alternatives fundraising, Athene spread income, and credit market conditions drive multi-year value; no quarterly EPS guide.

Tailwinds

  • Management fee growth remains strong.
  • Diversified asset management + retirement platform.

Headwinds

  • GAAP loss from investment and insurance marks.
  • Complexity and volatility in reported EPS.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.3%

Avg return

30 days after

56%

34 / 61 earnings

Positive

+17.4%

Q3 2024

Best reaction

-17.4%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%-0.6%-1.8%
Q4 2025+0.7%-6.0%-20.2%
Q3 2025+5.3%+6.8%+10.3%
Q2 2025-3.3%-0.9%-9.8%
Q1 2025-2.0%-6.2%-5.2%
Q4 2024-2.7%-2.2%-19.4%
Q3 2024+17.4%+16.2%+26.0%
Q2 2024-17.4%-17.4%-7.6%
Q1 2024+1.6%+5.0%+7.8%
Q4 2023+3.8%+3.7%+2.7%
Q3 2023+8.6%+7.4%+19.7%
Q2 2023+5.9%+1.4%+6.3%
Q1 2023+2.9%+1.1%+17.7%
Q4 2022-4.4%-3.0%-18.4%
Q3 2022+5.9%+10.5%+19.4%
Q2 2022+0.5%+1.2%-3.9%
Q1 2022-1.4%-6.0%+7.7%
Q4 2021-5.8%-2.5%-9.5%
Q3 2021+2.1%+0.8%-5.9%
Q2 2021+0.8%+1.0%+1.9%
Q1 2021+2.9%+5.7%+4.5%
Q4 2020+4.2%+4.2%+1.4%
Q3 2020-5.2%+1.1%+12.8%
Q2 2020-9.1%-9.2%-13.8%
Q1 2020-1.3%+2.9%+17.6%
Q4 2019-7.5%-8.0%-18.6%
Q3 2019+5.5%+6.6%+6.8%
Q2 2019-9.7%-10.3%+7.6%
Q1 2019+1.8%-2.7%-10.3%
Q4 2018+6.0%+10.6%+5.6%
Q3 2018+2.2%+0.4%-5.8%
Q2 2018-0.9%+2.4%-1.6%
Q1 2018+5.1%+3.7%+9.1%
Q4 2017+0.4%-6.0%-10.3%
Q3 2017-3.0%-1.5%-2.0%
Q2 2017+1.7%+5.6%+4.0%
Q1 2017-1.3%-2.9%+1.3%
Q4 2016+2.0%+5.6%+4.7%
Q3 2016+0.2%-1.8%+9.6%
Q2 2016+6.8%+8.5%+11.4%
Q1 2016+1.8%
Q4 2015+3.6%
Q3 2015-0.3%
Q2 2015+1.5%
Q1 2015-2.8%
Q4 2014-3.4%
Q3 2014-2.8%
Q2 2014-4.5%
Q1 2014-2.4%
Q4 2013+2.3%
Q3 2013-6.0%
Q2 2013+0.3%
Q1 2013+2.1%
Q4 2012+4.1%
Q3 2012-2.5%
Q2 2012+0.3%
Q1 2012-1.2%
Q4 2011+1.8%
Q3 2011-4.3%
Q2 2011-3.7%
Q1 2011-1.1%
Q4 2010
Q3 2010
Q2 2010
Q1 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro