TLDR
- Q2 revenue rose 17.5% YoY to $1.1B, beating estimates by 8.43%
- Adjusted EPS of $1.92 beat estimates, but GAAP EPS fell to $0.99
- AUM reached $840B, exceeding analyst expectations
- Fee-related and fixed income both surpassed forecasts
- Declared $0.51 dividend for common stock, payable August 29
Apollo Global Management (NYSE: APO) reported mixed Q2 2025 results. The stock was trading at $145.55 after rising 2.49% following the release.
Apollo Global Management, Inc. (APO)
Revenue came in at $1.1 billion, reflecting a 17.5% year-over-year increase and surpassing the $1.01 billion analyst consensus by 8.43%. Adjusted earnings per share (EPS) stood at $1.92, beating the estimate of $1.85. However, the company’s GAAP net income fell to $605 million or $0.99 per share, down from $828 million or $1.35 per share in the same quarter last year.
Despite the decline in bottom-line profit, Apollo’s CEO Marc Rowan emphasized the company’s operational strength and disciplined strategy. He highlighted the firm’s record quarterly organic inflows and Fee Related Earnings (FRE), stating Apollo is well-positioned in areas such as retirement, wealth, and industrial sectors.
Apollo Global Management, $APO, Q2-25 Results:
📊 Adj. EPS: $1.92 🟢
💰 Revenue: $6.8B
📈 Net Income: $605M
🔎 Record quarterly organic inflows and fee-related earnings showcase strength in Apollo’s origination and capital solutions platform. pic.twitter.com/tH6Xk4KWcc— EarningsTime (@Earnings_Time) August 5, 2025
Key Metrics Compared to Estimates
Assets under management (AUM) reached $840 billion, exceeding the average estimate of $812.14 billion. Management fees stood at $816 million, ahead of the $794.21 million expected by analysts. Capital solutions fees were $216 million, also beating the $162.25 million forecast. Fee-related performance fees came in at $63 million, compared to a $55.63 million estimate.
In the Retirement Services segment, fixed income and other net investment income totaled $3.18 billion, outpacing the $3.03 billion estimate. Strategic capital management fees were $32 million, slightly above the $29.25 million forecast. However, realized investment income from the Principal Investing segment fell short at $13 million versus $27.08 million expected.
Dividend and Long-Term Performance
Apollo declared a $0.51 per-share dividend for common stockholders, payable on August 29 to shareholders of record on August 18. A dividend of $0.8438 per share was also declared for its Mandatory Convertible Preferred Stock, payable on October 31.
Looking at long-term performance, Apollo has significantly outpaced the broader market. Year-to-date, the stock has returned 11.36% versus the S&P 500’s 7.30%. Over the past year, APO is up 48.68%, with a three-year return of 167.60%, and a five-year return of 234.54%, far outperforming the index in all timeframes.
Should You Watch Apollo Stock?
Apollo’s strong revenue growth and higher-than-expected AUM reflect solid business fundamentals. However, the decline in GAAP profit suggests margin pressures. Investors may consider APO for its growth potential, especially given its consistent outperformance versus the S&P 500. The declared dividend and robust Fee Related Earnings also support long-term interest.
