Quarterly ResultMay 6, 2026, 06:37 AM
Apollo Q1 AUM $1.03T, Record FRE $728M; GAAP Net Loss $(1.93B)
AI Summary
Apollo Global Management, Inc. reported its first quarter 2026 results, with Total Assets Under Management (AUM) surpassing $1 trillion to reach $1.03 trillion. The company achieved record Fee Related Earnings (FRE) of $728 million, a 30% increase year-over-year, and Adjusted Net Income (ANI) of $1.21 billion. However, GAAP Net Loss attributable to common stockholders was $(1.93) billion, primarily due to a one-time $1.7 billion tax expense related to a change in Bermuda's Corporate Income Tax Act. Apollo also declared a cash dividend of $0.5625 per share of Common Stock and repurchased $866 million of common stock during the quarter.
Key Highlights
- Total Assets Under Management (AUM) surpassed $1 trillion, reaching $1.03 trillion.
- Fee Related Earnings (FRE) reached a record $728 million, growing 30% year-over-year.
- GAAP Net Loss attributable to common stockholders was $(1.93) billion, or $(3.27) per share, including a $1.7 billion one-time tax expense.
- Adjusted Net Income (ANI) totaled $1.21 billion, or $1.94 per share.
- Total inflows were $115 billion in Q1 2026 and $300 billion over the last twelve months.
- Declared a cash dividend of $0.5625 per share of Common Stock.
- Repurchased $866 million of common stock in Q1, with $1.5 billion repurchased over the last twelve months.
- Spread Related Earnings (SRE) for the quarter were $719 million.
Price Impact
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