Earnings summaries and quarterly performance for Apollo Global Management.
Executive leadership at Apollo Global Management.
Marc Rowan
Detailed
Chair and Chief Executive Officer
CEO
James Belardi
Detailed
Chairman, Chief Executive Officer and Chief Investment Officer of AHL
James Zelter
Detailed
President
John Zito
Detailed
Co-President of AAM
Kristiane Kinahan
Detailed
Chief Accounting Officer
Martin Kelly
Detailed
Chief Financial Officer
Scott Kleinman
Detailed
Co-President of AAM
Whitney Chatterjee
Detailed
Chief Legal Officer
Board of directors at Apollo Global Management.
Brian Leach
Detailed
Director
David Simon
Detailed
Director
Gary Cohn
Detailed
Lead Independent Director
Jessica Bibliowicz
Detailed
Director
Kerry Murphy Healey
Detailed
Director
Lynn Swann
Detailed
Director
Marc Beilinson
Detailed
Director
Mitra Hormozi
Detailed
Director
Pamela Joyner
Detailed
Director
Patrick Toomey
Detailed
Director
Research analysts who have asked questions during Apollo Global Management earnings calls.
Alexander Blostein
Goldman Sachs
5 questions for APO
Also covers: AB, AMG, AMP +31 more
Patrick Davitt
Autonomous Research
5 questions for APO
Also covers: ABL, AMG, ARES +10 more
William Katz
TD Cowen
5 questions for APO
Also covers: AB, AMG, AMTD +25 more
Glenn Schorr
Evercore ISI
4 questions for APO
Also covers: BAC, BEN, BK +14 more
Kenneth Worthington
JPMorgan Chase & Co.
4 questions for APO
Also covers: ARES, BAM, BEN +27 more
Steven Chubak
Wolfe Research
4 questions for APO
Also covers: AMP, AMTD, ARES +17 more
Brennan Hawken
UBS Group AG
3 questions for APO
Also covers: AMP, AMTD, ARES +26 more
Brian Bedell
Deutsche Bank
3 questions for APO
Also covers: AMG, AMTD, ARES +22 more
Craig Siegenthaler
Bank of America
3 questions for APO
Also covers: AB, AMP, AMTD +26 more
John Barnidge
Piper Sandler
3 questions for APO
Also covers: AFL, AIZ, AMP +15 more
Michael Brown
Wells Fargo Securities
3 questions for APO
Also covers: ARES, BAM, BLK +18 more
Michael Cyprys
Morgan Stanley
3 questions for APO
Also covers: AAMI, AMP, AMTD +30 more
Ben Budish
Barclays PLC
2 questions for APO
Also covers: AB, ARES, BX +19 more
Benjamin Budish
Barclays PLC
2 questions for APO
Also covers: AB, ARES, BCS +23 more
Wilma Burdis
Raymond James Financial
2 questions for APO
Also covers: AFL, ALTI, AMP +12 more
Daniel Fannon
Jefferies Financial Group Inc.
1 question for APO
Also covers: AB, AMG, AMTD +27 more
Kyle Voigt
Keefe, Bruyette & Woods
1 question for APO
Also covers: AMTD, ARES, BX +17 more
Recent press releases and 8-K filings for APO.
Apollo Funds to Acquire Majority Stake in Prosol Group
APO
M&A
New Projects/Investments
- Apollo-managed funds have agreed to acquire a majority stake in Prosol Group, a multi-specialist in fresh food businesses and food retail in France, from Ardian.
- Prosol's existing shareholders and management team will reinvest alongside the Apollo Funds.
- The transaction is expected to close in Q2 2026, subject to satisfaction of certain closing conditions, including regulatory approvals.
- Prosol operates nearly 450 stores across France under various banners, including Grand Frais and Fresh.
14 hours ago
Apollo CEO Discusses Private Credit, Origination-Led Growth, and Market Expansion
APO
New Projects/Investments
Revenue Acceleration/Inflection
- Apollo views origination as the core driver of its business, not fundraising, and has achieved strong origination volumes, with 2025 expected to be a record year and momentum continuing into 2026. The firm positions private credit as a de-risking trade for investors moving out of equity, particularly in the investment-grade space.
- The company identifies six growing markets for private assets, including institutional, retail/wealth, insurance companies, traditional asset managers, and potential 401(k)s. The hybrid business is projected to be Apollo's fastest-growing segment, expected to triple from $100 billion to $300 billion.
- Apollo's wealth market flows are currently around $20 billion annually, with the firm positioning its direct lending products as less levered, no PIK, and 100% first-lien for large companies.
- Athene serves as a mechanism for Apollo to retain more principal profit from originated assets, targeting mid-double-digit rates of return and having achieved over 15% for the past 17 years.
- Apollo anticipates increased tradability in private markets, especially for private investment grade, having already executed approximately $7 billion in trades this year and expecting this volume to triple next year.
6 days ago
Apollo CEO Marc Rowan Discusses Firm Momentum, Private Credit, and Origination Strategy
APO
New Projects/Investments
Revenue Acceleration/Inflection
Debt Issuance
- Apollo's CEO, Marc Rowan, highlighted the firm's robust momentum for 2025 and into 2026, emphasizing that origination is the core driver of their business, not fundraising.
- Private credit is viewed as a de-risking trade for investors shifting from equity, offering attractive returns for first-lien risk, with Apollo focusing on investment-grade assets.
- The firm is experiencing massive demand for capital, particularly for investment-grade, secured, project-focused assets driven by a global industrial renaissance and the AI boom, utilizing platform origination, direct corporate lending, and bank collaborations.
- Apollo anticipates its hybrid business to be the fastest-growing segment, aiming for $300 billion, while private equity is considered a mature, high-return business, with plans to raise over $20 billion for its next vintage.
- Athene is integral to Apollo's strategy, enabling the firm to earn greater profit on originated assets, consistently achieving mid-double-digit rates of return.
6 days ago
Apollo Funds Partner with Capital Power for US$3 Billion Investment
APO
New Projects/Investments
M&A
- Apollo Funds have entered into a memorandum of understanding (MOU) with Capital Power to form a US$3 billion investment partnership.
- This partnership is established to pursue the acquisition of merchant U.S. natural gas generation assets across the U.S..
- Apollo Funds are expected to commit up to US$2.25 billion in equity to the partnership, with Capital Power contributing US$750 million.
- Capital Power will operate the acquired assets and receive management and performance fees from the partnership.
6 days ago
Apollo Global Management Discusses Athene's Growth Strategy and Financial Outlook
APO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Apollo's Athene segment targets a 10% SRE growth rate on average until 2029, projecting $3.8 billion of SRE in 2026 assuming an 11% alts return.
- Athene has demonstrated strong capital generation, holding $9 billion of deployable capacity and expecting to generate an additional $3 billion of excess capital through 2029, while paying an annual dividend of $750 million to Apollo Holdco.
- The company emphasizes its strategy of originating investment-grade assets and stable liabilities, having originated $273 billion of assets in the latest 12 months, with $190 billion being A-rated investment grade.
- Management considers its growth plan to be conservative, with potential upside not captured from inorganic growth, credit spreads, deployment of countercyclical assets, and new markets/products.
Nov 24, 2025, 6:00 PM
Apollo Global Management Discusses Strategic Outlook and Financial Projections
APO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Apollo Global Management expects $880 million in spread-related earnings (SRE) for Q4, projecting 10% growth in SRE for 2026 and 10% on average through 2029.
- The company emphasizes its strategy of proprietary origination in private investment grade assets and asset-backed finance, which offers 50-150 basis points better risk compared to more commoditized markets.
- Athene, Apollo's insurance affiliate, maintains discipline in underwriting for mid-teens unlevered returns and has developed a "liability machine" to utilize Apollo's origination capabilities, consistently finding ways to grow.
- Management's financial projections are based on a conservative plan, assuming no benefit from future rate changes, spread widening, or inorganic growth, indicating potential upside to the 10% SRE growth target.
- Athene is a strong capital generator, currently holding $9 billion of deployable capacity and is expected to generate $3 billion of excess capital through 2029, while also providing an annual dividend of $750 million to Apollo Holdco.
Nov 24, 2025, 6:00 PM
Apollo's Retirement Services Business (Athene) Provides 2025 Update
APO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Athene targets Spread Related Earnings (SRE) of approximately $3.475 billion for 2025E and $3.8 billion for 2026E, with a long-term average annual growth target of 10%.
- The company projects gross inflows exceeding $80 billion in 2025E and $85 billion in 2026E, driving average net invested asset growth of approximately 17% in 2025E and low-teens in 2026E.
- Athene has ~$9 billion in deployable capital today and anticipates generating an additional $3 billion+ in excess capital from 2025 through 2029.
- Key competitive differentiators include targeting 30-40 basis points of asset outperformance, a 35 basis points operating expense advantage versus the industry, and a fortress balance sheet rated 'A+' or equivalent by major rating agencies.
- As of September 30, 2025, Athene's balance sheet holds $360 billion in fixed income assets, with 95% of the portfolio being investment grade, and $35 billion in capital.
Nov 24, 2025, 6:00 PM
Apollo Presents Retirement Services Business Update 2025
APO
Guidance Update
New Projects/Investments
M&A
- Apollo (APO) expects its spread-related earnings (SRE) to grow approximately 10% in 2026 and 10% on average through 2029, following an expected $880 million in SRE for Q4.
- The market for guaranteed retirement income is projected to grow significantly, with a 40% increase in people over 65 by 2050, and Athene is the largest player in the fixed annuity market, holding 10% of it.
- Athene has demonstrated high operational efficiency, originating $85 billion in the last 12 months with fewer employees than Aviva USA had when acquired in 2012, and has reduced its rate exposure to 2% of invested assets from 16% in 2020.
- The company maintains a fortress balance sheet with $35 billion of statutory capital and has strategically increased cash and treasuries to $22 billion in 2024-2025 to preserve optionality during market tightening.
Nov 24, 2025, 6:00 PM
Apollo-backed Great Bay Renewables Partners with Granite Source Power
APO
New Projects/Investments
- Granite Source Power (GSP) and Great Bay Renewables (Great Bay) announced a strategic partnership on November 19, 2025, to accelerate the development of battery storage and energy generation projects across key U.S. markets.
- The partnership aims to address growing energy demand and grid reliability needs by leveraging GSP's development capabilities and Great Bay's energy finance and interconnection security expertise.
- Great Bay Renewables, which is backed by certain funds managed by affiliates of Apollo (NYSE: APO), has invested over $730 million in the renewable energy sector, with royalty agreements on over 35 projects totaling approximately 8.2 GW.
Nov 19, 2025, 2:30 PM
Apollo Sports Capital to Become Majority Shareholder of Atl\u00e9tico de Madrid
APO
M&A
New Projects/Investments
- Apollo Sports Capital (ASC), the global sports investment company of Apollo (NYSE: APO), has reached an agreement to become the majority shareholder of Atl\u00e9tico de Madrid.
- Miguel \u00c1ngel Gil and Enrique Cerezo will continue to lead Atl\u00e9tico de Madrid as Chief Executive Officer and President, respectively, and will remain shareholders.
- The investment aims to reinforce the Club\u2019s position, enhance financial strength, and support its ambition for long-term success, including additional capital investment in teams and major infrastructure projects like the Ciudad del Deporte.
- The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in Q1 2026.
Nov 10, 2025, 12:00 PM
Quarterly earnings call transcripts for Apollo Global Management.
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