Apollo Q3 net loss reaches $1.06bn
Key points
- Apollo reported a third-quarter 2026 GAAP net loss attributable to common shareholders of approximately $1.06 billion, compared with a $1.71 billion profit a year earlier, as investment-related losses affected its Athene retirement services business.
- Revenue declined 52% to $4.74 billion, while adjusted net income reached approximately $1.3 billion, or $2.07 per share, missing the cited $2.20 analyst estimate.
- Assets under management reached a record $1.07 trillion, supported by $53 billion in quarterly inflows, while fee-related earnings increased to $802 million. The Wall Street Journal+1
Apollo Global Management (NYSE:APO) reported a third-quarter 2026 net loss attributable to common shareholders of approximately $1.06 billion, compared with a $1.71 billion profit a year earlier, as investment-related losses weighed on results.
Revenue declined 52% to $4.74 billion from $9.82 billion, while GAAP diluted earnings fell to a loss of $1.78 per share and adjusted net income reached $2.07 per share, below the cited $2.20 consensus estimate.
The company recorded approximately $3.42 billion in investment-related losses at its Athene retirement services business, while fee-related earnings increased to $802 million from $652 million a year earlier.
Assets under management reached a record $1.07 trillion following $53 billion in quarterly gross inflows, while Apollo declared a dividend of $0.5625 per share payable November 30, 2026.
Apollo reported record quarterly origination of $114 billion, reflecting increased capital deployment activity, as its asset management business continued expanding across private credit and other alternative investments.
Headquartered in New York, Apollo manages alternative investment assets and operates retirement services through Athene, providing credit, equity and investment solutions to institutions, businesses and individual investors.
