Apollo Global Management’s assets under management reached a record $1.07 trillion, driven by strong demand for alternative investments. The firm provided record third-quarter financing of $114 billion, targeting the AI sector. It reported a net loss of $1.06 billion, primarily attributable to investment-related losses, versus net income of $1.71 billion a year earlier, with a loss per share of $1.78 versus earnings of $2.78. Separately, reported EPS was $2.07 versus analysts’ estimate of $2.19. Revenue totaled $4.74 billion versus an estimate of $5.79 billion, down 51.8% from $9.82 billion a year earlier.
The results cover the company's Q3 FY2026. EPS came in below analysts' estimate by 5.5%; revenue below the estimate by 18.2%.
Read the full storyThe company estimated a 10% annualized return on its net alternative investments; its latest published asset figures are as of the end of June.