Key Takeaways
- • Apollo Global Management (APO) is scheduled to report third-quarter 2026 results on Nov. 6, before market open, with consensus EPS of $2.21, up 3.3% from the year-ago quarter.
- • Zacks consensus projects Q3 2026 total AUM of $1.1 trillion, a sequential rise of 2.7%, and sales of $1.34 billion, up 16.6% year over year.
- • Apollo missed Zacks consensus in its last reported quarter, with results hurt by higher expenses, though higher AUM was a tailwind; the company beat in two of the trailing four quarters.
- • Zacks' model does not conclusively predict an earnings beat, as APO's Earnings ESP is -0.07% and it carries a Zacks Rank #4 (Sell).
- • Apollo agreed in October 2026 to acquire a minority stake in Mubadala Capital, expected to close in Q4 2026, which could deepen Middle East institutional relationships.
Summary
Apollo Global Management, Inc. (APO) is scheduled to announce third-quarter 2026 results on November 6 before market open, according to a Zacks Investment Research preview. The Zacks Consensus Estimate for earnings is $2.21 per share, unchanged over the past seven days and implying a 3.3% rise from the year-ago quarter. Consensus sales are pegged at $1.34 billion, a year-over-year increase of 16.6%.
Apollo's earnings missed the Zacks consensus in its most recent quarter, primarily due to higher expenses, although larger assets under management provided support. Over the trailing four quarters, the company beat estimates twice and missed twice, with an average surprise of 7.42%. Zacks expects total AUM to reach $1.1 trillion in the third quarter, a sequential increase of 2.7%, supported by institutional fundraising and demand for alternative investment strategies. Redemption pressure in the private credit business amid market uncertainty remains a concern, according to the report. Consensus management fee estimates stand at $1.0 billion, up 3.3% sequentially, while fee-related performance fees are pegged at $66.9 million and net capital solutions fees and other at $241.1 million, a sequential decline of 12.9%.
Expenses are expected to remain elevated as Apollo continues investing in capital formation and credit capabilities, with integration costs from the Bridge Investment Group acquisition likely adding pressure. In October 2026, Apollo agreed to acquire a minority stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi-based Mubadala Investment Company. The transaction is expected to close in the fourth quarter of 2026 and could expand Apollo's institutional network in the Middle East and create opportunities for joint investments.
Zacks' model does not conclusively predict an earnings beat for Apollo, with an Earnings ESP of -0.07% and a Zacks Rank #4 (Sell). For context, the article notes that T. Rowe Price reported third-quarter 2026 adjusted EPS of $2.86, above the $2.58 consensus, and BlackRock reported adjusted EPS of $15.93, above the $13.97 consensus and up 38% year over year.
Apollo's earnings missed the Zacks consensus in its most recent quarter, primarily due to higher expenses, although larger assets under management provided support. Over the trailing four quarters, the company beat estimates twice and missed twice, with an average surprise of 7.42%. Zacks expects total AUM to reach $1.1 trillion in the third quarter, a sequential increase of 2.7%, supported by institutional fundraising and demand for alternative investment strategies. Redemption pressure in the private credit business amid market uncertainty remains a concern, according to the report. Consensus management fee estimates stand at $1.0 billion, up 3.3% sequentially, while fee-related performance fees are pegged at $66.9 million and net capital solutions fees and other at $241.1 million, a sequential decline of 12.9%.
Expenses are expected to remain elevated as Apollo continues investing in capital formation and credit capabilities, with integration costs from the Bridge Investment Group acquisition likely adding pressure. In October 2026, Apollo agreed to acquire a minority stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi-based Mubadala Investment Company. The transaction is expected to close in the fourth quarter of 2026 and could expand Apollo's institutional network in the Middle East and create opportunities for joint investments.
Zacks' model does not conclusively predict an earnings beat for Apollo, with an Earnings ESP of -0.07% and a Zacks Rank #4 (Sell). For context, the article notes that T. Rowe Price reported third-quarter 2026 adjusted EPS of $2.86, above the $2.58 consensus, and BlackRock reported adjusted EPS of $15.93, above the $13.97 consensus and up 38% year over year.
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