Apollo's fundamental outlook is defined by the transformative growth of its insurance subsidiary, Athene, which now drives substantial revenue but introduces significant accounting volatility.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Apollo's Q2 2026 revenue of $11.2B, driven by $5.7B in NII and $5.4B in non-interest income, demonstrates the scale of the insurance balance sheet, but the erratic efficiency ratio—swinging from 17.2% in Q4 2025 to 94.8% in Q1 2026—highlights how non-recurring items obscure core operational performance.
Apollo recently beat earnings expectations with an EPS of $2.47. The firm has compounded shareholder returns at a 24% annualized rate over 15 years, and its three‑year net income CAGR of 53.74% places it in the top 25% of the industry.
Apollo is actively pursuing growth through acquisitions in aviation and equipment finance, and it has deployed capital aggressively during market dislocations. The recent exit from its stake in Intel’s Ireland chip factory returned capital that can be redeployed into retirement solutions and private credit.
Apollo is pushing into retirement solutions, positioning itself to benefit from policy changes that allow retirement accounts to hold alternative assets. This expansion is viewed as a key growth catalyst for the firm.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $2.07-5.5% vs $2.19 | $4.7B-18.2% vs $5.8B |
Q3 2026 Aug 4, 2026 | $2.11-2.3% vs $2.16 | $11.2B+97.4% vs $5.6B |
Q2 2026 May 6, 2026 | $1.94+2.6% vs $1.89 | $5.1B-2.5% vs $5.2B |
Q1 2026 Feb 9, 2026 | $2.47+21.1% vs $2.04 | $9.9B+106.7% vs $4.8B |
Apollo Global Management's FGAUM reached $880 billion in the third quarter, up 28% year-over-year, with 70% sourced from resilient perpetual capital. Despite a 15% year-to-date stock dip, core fundamentals are materially stronger, and FRE per share rose 23% year-over-year. APO trades at 14.9x annualized EPS, maintains a 1.83% dividend yield, and is likely to raise its dividend next year.
Apollo Global generated $802 million in fee-related earnings in Q3. Quarterly origination volume reached $114 billion across all channels.
Apollo Global Management NYSE: APO reported record third-quarter fee-related earnings and said it remains on track to meet its 2026 growth targets, supported by strong origination, fundraising and retirement-services inflows.
APO stock dips 3.5% in early trading after Q3'26 earnings miss estimates on rising expenses, despite strong revenue growth and expanding AUM.
Benchmark APO against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Apollo Global Management, Inc. (APO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $116.75 | $67.24B | 16.08 | 15.78% | 14.95% | 12.19% | 1.83% | |
| $119.50 | $94.14B | 30.80 | 21.87% | 22.58% | 16.4% | 6.44% | |
| $96.48 | $86.63B | 41.23 | -7.47% | 18% | 3.96% | 0.83% | |
| $39.70 | $14.29B | 18.21 | 40.31% | 10% | 5.11% | 3.43% | |
| $46.50 | $17.83B | 38.43 | 79.63% | 5.3% | 5.95% | 6.94% | |
| $133.98 | $44B | 68.36 | 96.21% | 9.97% | 7.43% | 6.03% |
Apollo Global Management, Inc. (APO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Apollo Global Management, Inc. (APO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 24, 2026·SEC
Aug 13, 2026·SEC
Aug 11, 2026·SEC
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Apollo Global Management, Inc. (APO) stock FAQ — growth, dividends, profitability & financials explained
Apollo Global Management, Inc. (APO) grew revenue by 15.8% in fiscal year 2025, compared with the prior fiscal year.
Yes. Apollo Global Management, Inc. (APO) earned $2.88B in net income over the trailing twelve months (a 8.5% net margin).
Yes. Apollo Global Management, Inc. (APO) pays a dividend that yields 1.83% at the current price, a moderate yield.
Apollo Global Management, Inc. (APO) had a return on equity (ROE) of 12.2% in fiscal year 2025. That is in line with the market's typical 10-15%.
Apollo Global Management, Inc. (APO) has a net interest margin (NIM) of -0.1%. NIM has been under pressure due to interest rate environment.
Apollo Global Management, Inc. (APO) has an efficiency ratio of 54.7%. This is excellent, indicating strong cost control.
