NYSE$APO

Apollo Global Management Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Apollo Global Management reported Q2 2025 total revenues of $6.81B with net income of $842M and diluted EPS of $0.99.

Total revenues were $6.81 billion across asset management and retirement services. Net income was $842 million; diluted EPS was $0.99. Management fees and retirement services spread economics drove the top line while mark-to-market items affected investment income.

  • Q2 total revenues $6.81B.
  • Net income $842M; diluted EPS $0.99.
  • Asset management fees and Athene spread supported results.
  • Investment marks and spread dynamics remain key variables.

Headline financials

Total Revenue

$6.81B

Previous: $6.02B+13.2%
EPS (adj)

$0.99

Previous: $1.35-26.7%
Free Cash Flow

$630M

Previous: $853M-26.1%
Net Income

$630M

Previous: $853M-26.1%
Operating Income

-$4.17B

Previous: -$2.51B-66.4%
Gross Profit

$1.55B

Previous: $2.08B-25.6%
Total Assets

$420B

Previous: $347B+21.1%

Revenue & EPS history

Apollo · Revenue · Quarterly

$6.81B

Q2 2025+13.2%vs Q2 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Alternative asset managers cite fundraising, deployment, and spread/fee dynamics.

Tailwinds

  • Management fee growth and carry realizations.
  • Retirement services or perpetual capital expansion.

Headwinds

  • Market volatility affects marks and realizations.
  • Regulatory and spread compression risks.

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 Q2 2025

Historical avgQ2 2025

+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

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