Apollo Global Management

NYSE: APO

Stock price

143.58 USD

(+0%) TODAY

Financial Performance

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5Y price score: 190

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 767.5%

DATE RANGE:

US$ Per
Share

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99.5

52-week range

153.2

143.58

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Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

5.5 %

Dividend Yield TTM

1.5 %

Market cap $

$ 82,698

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

32.1

Price / Book TTM

4

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

(33.6)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

3.3 %

157.3 %

767.5 %

Free cash flow per share growth

127.6 %

266.4 %

268.5 %

Earnings per share growth

(1) %

1,550 %

1,090.2 %

Founded: 1,990

Employees: 5,141

Business Summary:Apollo Global Management, Inc. operates as a prominent investment management firm, primarily concentrating its efforts across credit, private equity, and real estate asset classes. Within its private equity division, Apollo engages in a broad spectrum of transactions, ranging from traditional management buyouts, recapitalizations, and distressed acquisitions to corporate carve-outs, growth capital infusions, turnaround financing, bridge loans, strategic acquisitions, and industry consolidation initiatives. This also includes debt investments in real estate and corporate partnerships, along with investments in distressed assets and special situations within the middle market. Its client base is diverse, encompassing sovereign wealth and endowment funds, as well as various other institutional and private investors. The firm constructs and oversees bespoke portfolios for clients and actively manages a suite of investment vehicles, including hedge funds, real estate funds, and private equity funds. Globally, Apollo also deploys capital in fixed income and alternative investment markets. Its fixed income strategies span a wide array, featuring income-oriented senior secured loans, corporate bonds, collateralized loan obligations (CLOs), structured credit products, opportunistic and non-performing loans, distressed debt, mezzanine financing, and other value-oriented fixed income instruments. Apollo seeks investment opportunities across numerous sectors, such as chemicals, energy (including oil, gas, natural resources), metals and mining, agriculture, consumer and retail, distribution and transportation, financial and business services, manufacturing and industrial, media (distribution, cable, entertainment), telecommunications, technology, packaging and materials, and satellite and wireless communications. Geographically, the firm targets investments in Africa, North America (with a strong emphasis on the United States), and Europe, while also making significant inroads into Western Europe and Asia. Its investment methodology combines contrarian insights with a rigorous focus on intrinsic value and distressed situations. Apollo typically commits equity capital ranging from $10 million to $1.5 billion per transaction, generally pursuing companies with an enterprise value between $750 million and $2.5 billion. Proprietary in-house research underpins its investment selection process. The firm is open to acquiring both minority and controlling stakes in its portfolio companies. Established in 1990 and headquartered in New York, New York, Apollo maintains additional offices across North America, Asia, and Europe to support its global operations.

Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Aug 4, 2026)

1) Strong Financial Performance
- Record fee-related earnings (FRE) of $785 million, up 25% YoY and 8% QoQ.
- Record spread-related earnings (SRE) of $877 million, reflecting 11% YoY growth.
- Total adjusted net income reached $1.3 billion or $2.11 per share.
- Capital formation reached a record $60 billion, with $38 billion from asset management and $22 billion from Athene.

2) Momentum in Origination and Investment Strategy
- Origination activity totaled $74 billion in Q2, with a strong pipeline expected to benefit future quarters.
- Average spreads remained stable at 340 basis points over treasuries, indicating healthy investment-grade origination.
- The company is focusing on expanding its origination capabilities to meet diverse investor needs, particularly in private markets.
- Significant partnerships, such as the $35 billion financing for Broadcom's AI platform, highlight Apollo's leadership in large-scale opportunities.

3) Operational Developments and Strategic Initiatives
- Launch of estimated daily value for fixed income products aims to enhance transparency and attract new investors.
- New office opening in Austin, Texas, to focus on innovation and access to a diverse workforce.
- Continued investment in technology and market-making capabilities to improve liquidity and trading efficiency.
- Regulatory changes are being pursued to enhance trust and level the playing field in the insurance industry.

4) Challenges and Competitive Landscape
- Increased competition in the retail annuity space, with 36 new entrants, but Apollo maintains a strong position due to its origination capabilities.
- Concerns about regulatory arbitrage affecting competition and trust in the industry, with ongoing efforts to address these issues.
- The company is cautious about underwriting investments with equity-like risk at debt-like returns, maintaining a disciplined approach.

5) Guidance and Future Outlook
- Apollo is on track to achieve its growth targets for FRE and SRE in 2026, with favorable trends in capital formation and origination.
- The firm expects to maintain a strong performance in Athene, targeting 10% SRE growth for the year.
- Future fundraising efforts, particularly for Fund XI, are progressing well, with expectations for a first close in the back half of 2026.
- The company is optimistic about the long-term growth potential in private markets, driven by demographic trends and evolving investor needs.

Bottom line: Apollo Global Management is demonstrating strong financial momentum with record earnings and robust origination activity, positioning itself well for future growth despite competitive challenges. The strategic focus on transparency, technology, and regulatory improvements will enhance its appeal to a broader range of investors.

Annual Reports, Presentations And IR Contacts

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Apollo Global Management — Financial Overview, Stock Price, Market Cap

Apollo Global Management is a company. Founded in 1990. As of August 14, 2026, the company's market capitalization is $82698029752 with a current stock price of $143.58.