Quarterly ResultMay 6, 2026, 06:38 AM
Apollo Q1 Adj. Net Income $1.21B; AUM Crosses $1 Trillion
AI Summary
Apollo Global Management, Inc. reported a GAAP Net Loss Attributable to Common Stockholders of $1.93 billion, or $(3.27) per share, for the first quarter ended March 31, 2026, primarily due to a one-time $1.7 billion tax expense. Despite this, the company's Adjusted Net Income, a non-GAAP metric, was $1.21 billion, or $1.94 per share. Fee Related Earnings hit a record $728 million, and Total Assets Under Management surpassed the $1 trillion milestone, reaching $1.03 trillion with strong inflows.
Key Highlights
- Apollo's Q1 GAAP Net Loss Attributable to Common Stockholders was $(1.93) billion, or $(3.27) per share.
- Adjusted Net Income totaled $1.21 billion, or $1.94 per share, for Q1 2026.
- Fee Related Earnings (FRE) reached a record $728 million, a 30% year-over-year increase.
- Spread Related Earnings (SRE) were $719 million, an 11% decrease year-over-year.
- Total Assets Under Management (AUM) surpassed $1 trillion, reaching $1.03 trillion.
- Total inflows for Q1 2026 were $115 billion, with $300 billion over the last twelve months.
- The company repurchased $256 million of common stock in Q1, totaling $1.5 billion LTM.
- A one-time tax expense of $1.7 billion impacted GAAP net loss due to a change in tax election.