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Why Is Apollo Global Management (APO) Up 2% Since Last Earnings Report?
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A month has gone by since the last earnings report for Apollo Global Management Inc. (APO - Free Report) . Shares have added about 2% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Apollo Global Management due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Apollo Global Management Inc. before we dive into how investors and analysts have reacted as of late.
Apollo Global Q2 Earnings Miss Estimates, Expenses Increase Y/Y
Apollo Global Management, Inc.’s second-quarter 2026 adjusted net income per share of $2.11 missed the Zacks Consensus Estimate of $2.18. The metric increased from the year-ago adjusted net income of $1.92.
Results were adversely impacted by higher expenses. However, higher assets under management balances acted as a tailwind in the quarter.
The results include certain items. After considering those, net income attributable to Apollo Global (GAAP basis) was $1.34 billion, which rose from $605 million in the prior-year quarter.
Quarterly Revenues & Expenses Rise
Total segment revenues were $1.34 billion, surpassing the Zacks Consensus Estimate of $1.31 billion. The metric increased 23% year over year from $1.10 billion.
Total expenses for combined segments increased 19% year over year to $558 million in the reported quarter.
AUM Balance Rises
Fee-generating AUM increased 34% year over year to $858 billion. The rise was driven by strong capital formation across institutional and global wealth channels, $65 billion from Athora’s acquisition of Pension Insurance Corporation, and robust Retirement Services inflows, partially offset by outflows and realization activity.
As of June 30, 2026, total AUM was $1.05 trillion, up 25% year over year. Total AUM benefited from $220 billion of inflows from Asset Management, $78 billion of gross inflows from Retirement Services, and mark-to-market appreciation. This was partially offset by $71 billion of outflows and $32 billion of realization activity.
Capital & Liquidity Position
As of June 30, 2026, Apollo Global had $3.41 billion in cash and cash equivalents and $5.76 billion of debt.
Capital Distribution Update
The company announced a quarterly cash dividend of 56.25 cents per share with its earnings release. The dividend was paid on Aug. 31, 2026, to shareholders of record as of Aug. 19.
Apollo Global repurchased $102 million of common stock in the second quarter, including $73 million to substantially offset dilution and $29 million of opportunistic share repurchases. Over the last 12 months, the company repurchased $1.6 billion of common stock and distributed more than $1 billion in common stock dividends.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
VGM Scores
Currently, Apollo Global Management has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Apollo Global Management has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Apollo Global Management belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, SEI Investments (SEIC - Free Report) , has gained 4.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
SEI reported revenues of $641.62 million in the last reported quarter, representing a year-over-year change of +14.7%. EPS of $1.66 for the same period compares with $1.78 a year ago.
For the current quarter, SEI is expected to post earnings of $1.58 per share, indicating a change of +21.5% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for SEI. Also, the stock has a VGM Score of D.
View the Zacks #1 Rank List
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Why Is Apollo Global Management (APO) Up 2% Since Last Earnings Report?
A month has gone by since the last earnings report for Apollo Global Management Inc. (APO - Free Report) . Shares have added about 2% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Apollo Global Management due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Apollo Global Management Inc. before we dive into how investors and analysts have reacted as of late.
Apollo Global Q2 Earnings Miss Estimates, Expenses Increase Y/Y
Apollo Global Management, Inc.’s second-quarter 2026 adjusted net income per share of $2.11 missed the Zacks Consensus Estimate of $2.18. The metric increased from the year-ago adjusted net income of $1.92.
Results were adversely impacted by higher expenses. However, higher assets under management balances acted as a tailwind in the quarter.
The results include certain items. After considering those, net income attributable to Apollo Global (GAAP basis) was $1.34 billion, which rose from $605 million in the prior-year quarter.
Quarterly Revenues & Expenses Rise
Total segment revenues were $1.34 billion, surpassing the Zacks Consensus Estimate of $1.31 billion. The metric increased 23% year over year from $1.10 billion.
Total expenses for combined segments increased 19% year over year to $558 million in the reported quarter.
AUM Balance Rises
Fee-generating AUM increased 34% year over year to $858 billion. The rise was driven by strong capital formation across institutional and global wealth channels, $65 billion from Athora’s acquisition of Pension Insurance Corporation, and robust Retirement Services inflows, partially offset by outflows and realization activity.
As of June 30, 2026, total AUM was $1.05 trillion, up 25% year over year. Total AUM benefited from $220 billion of inflows from Asset Management, $78 billion of gross inflows from Retirement Services, and mark-to-market appreciation. This was partially offset by $71 billion of outflows and $32 billion of realization activity.
Capital & Liquidity Position
As of June 30, 2026, Apollo Global had $3.41 billion in cash and cash equivalents and $5.76 billion of debt.
Capital Distribution Update
The company announced a quarterly cash dividend of 56.25 cents per share with its earnings release. The dividend was paid on Aug. 31, 2026, to shareholders of record as of Aug. 19.
Apollo Global repurchased $102 million of common stock in the second quarter, including $73 million to substantially offset dilution and $29 million of opportunistic share repurchases. Over the last 12 months, the company repurchased $1.6 billion of common stock and distributed more than $1 billion in common stock dividends.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
VGM Scores
Currently, Apollo Global Management has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Apollo Global Management has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Apollo Global Management belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, SEI Investments (SEIC - Free Report) , has gained 4.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
SEI reported revenues of $641.62 million in the last reported quarter, representing a year-over-year change of +14.7%. EPS of $1.66 for the same period compares with $1.78 a year ago.
For the current quarter, SEI is expected to post earnings of $1.58 per share, indicating a change of +21.5% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for SEI. Also, the stock has a VGM Score of D.