Apollo Awaits Third-Quarter Results After Estimating $375 Million in Alternative Investment Income
Key Facts
Markets are awaiting Apollo’s third-quarter 2026 results after the company estimated in an earlier filing that net alternative investment income before taxes was about $375 million for the period ended September 30. Apollo said the estimate represents a 10% annualized return on its net alternative investments. The results are scheduled for release on November 3 before the market opens, according to the company’s announcement. Apollo set a public webcast to review the results for 8:30 a.m. Eastern Time. The estimates come ahead of the full results, which will provide a more recent view of the company’s performance during the quarter.
The latest reported figure for Apollo’s assets under management is as of June 30, 2026, when they totaled $1.047 trillion, including $858 billion in fee-generating assets. In the second quarter, the company recorded $60 billion in inflows and $74 billion in financing originations. For the 12 months through the end of that quarter, inflows totaled $298 billion and financing originations reached $317 billion. Apollo said total assets under management rose 25% year over year in the second quarter. The company attributed the increase mainly to flows in asset management and retirement services, as well as higher market values, partly offset by outflows and realizations.
In its preliminary third-quarter estimates, Athene investments posted an estimated annualized return of 9% on investment in a pooled vehicle and 11% on its other alternative investments, including retirement services platforms. These figures show different components of the company’s alternative investment performance over the same period. Apollo reported record inflows of $228 billion in 2025, with total assets under management increasing 25% year over year. In August 2026, NVIDIA announced partnerships with Apollo and five other financial institutions to create financing platforms aimed at mobilizing more than $500 billion in external capital to build AI infrastructure. Apollo President Jim Zelter said, "Modern computing has become a rare and vital asset class."
In a separate development related to financing computing infrastructure, SpaceX announced on October 26 a commitment to enter into a financing lease of nearly $40 billion for equipment and graphics processing units operated by Apollo. SpaceX said the lease is expected to be completed before the end of 2026. Lease payments are expected to begin when the equipment is delivered in the first half of 2027. Apollo shares closed at $119.46 on November 2. The company’s results, scheduled for November 3, are the next milestone for assessing its third-quarter financial performance.