Equity Profile

APO

Apollo Global Management, Inc.

FinancialsDiversified Financial Services$84.8B

Aug13Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close1:00 PM EDT

Company Snapshot

Apollo Global Management, Inc. (APO) is a leading global alternative investment manager, focusing on private equity, credit, and real estate....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge how well Apollo is managing its investments.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Apollo manages, which is crucial for understanding its revenue potential.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

APO Q2-2026 Earnings Preview

Context

Company Snapshot

Apollo Global Management, Inc. (APO) is a leading global alternative investment manager, focusing on private equity, credit, and real estate. With a market cap of $85 billion, the company plays a significant role in the financial sector, particularly in diversified financial services, which is critical for investors looking for exposure to alternative assets.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+11.11%

Avg Stock Reaction

+0.37%

Last Quarter Recap

In Q1-2026, Apollo reported an EPS of $1.94, beating estimates by 5.04%. Despite this positive surprise, the stock dipped slightly the next day, indicating mixed market reactions.

Management Promises & Guidance

Focus on enhancing investment performance.
Commitment to growing assets under management.
Continued strategic acquisitions to bolster portfolio.

Expectations

Wall Street Expectations

Overall, expectations are cautiously optimistic as Apollo has a strong track record of beating EPS estimates. However, the lack of revenue guidance leaves some uncertainty.

Bull Case

If Apollo continues its trend of beating EPS estimates and shows strong investment performance, it could see significant stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given Apollo's history of beating EPS estimates, this number will be crucial for investor sentiment and stock performance.

How much has AUM grown in the last quarter?

AUM growth is a key driver of revenue and profitability, and any slowdown could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Apollo's ability to leverage its investment strategies effectively, leading to stronger-than-expected EPS growth.

Supporting Evidence

Apollo has consistently beaten EPS estimates in recent quarters, indicating strong management.

Options pricing suggests lower volatility than historical averages, which may not reflect the potential for significant upside.

The company’s focus on strategic acquisitions could lead to better-than-expected AUM growth.

Key Risk

If AUM growth exceeds expectations, it could significantly alter the market's perception of Apollo's future earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Apollo's ability to maintain its strong earnings trajectory amidst market fluctuations.

Bull Confirmed If

An EPS of $2.00 or higher would confirm the bull case, indicating strong investment management.

Bear Confirmed If

An EPS below $1.85 would confirm the bear case, suggesting potential issues in investment performance.

Pre-Earnings Positioning

Options Market

Implied Move

±2.71%

Historical Avg

±3.5%

Pricing cheap

The options market is pricing in a modest move of about 2.71%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±2.7% while APO has averaged ±3.5% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

30.8%

Calls (56K)P/C Ratio: 1.03Puts (93K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Apollo beats expectations and raises guidance, history suggests a potential stock increase of around 1.48%.

In-Line / Cautious

If results come in line with expectations but management provides cautious commentary, the stock may see little movement.

Miss

Should Apollo miss estimates, history indicates a likely decline of about 7.45% in the stock price.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the growth of assets under management.
2Details on investment performance across different sectors.
3Management's outlook on market conditions and strategic initiatives.
4Guidance on future EPS expectations.
5Responses to questions about recent market trends affecting performance.

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Company Snapshot

Apollo Global Management, Inc. (APO) is a leading global alternative investment manager, focusing on private equity, credit, and real estate....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge how well Apollo is managing its investments.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Apollo manages, which is crucial for understanding its revenue potential.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

APO Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+11.11%

Avg Stock Reaction

+0.37%

Last Quarter Recap

In Q1-2026, Apollo reported an EPS of $1.94, beating estimates by 5.04%. Despite this positive surprise, the stock dipped slightly the next day, indicating mixed market reactions.

Management Promises & Guidance

Focus on enhancing investment performance.
Commitment to growing assets under management.
Continued strategic acquisitions to bolster portfolio.

Expectations

Wall Street Expectations

Overall, expectations are cautiously optimistic as Apollo has a strong track record of beating EPS estimates. However, the lack of revenue guidance leaves some uncertainty.

Bull Case

If Apollo continues its trend of beating EPS estimates and shows strong investment performance, it could see significant stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given Apollo's history of beating EPS estimates, this number will be crucial for investor sentiment and stock performance.

How much has AUM grown in the last quarter?

AUM growth is a key driver of revenue and profitability, and any slowdown could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Apollo's ability to leverage its investment strategies effectively, leading to stronger-than-expected EPS growth.

Supporting Evidence

Apollo has consistently beaten EPS estimates in recent quarters, indicating strong management.

Options pricing suggests lower volatility than historical averages, which may not reflect the potential for significant upside.

The company’s focus on strategic acquisitions could lead to better-than-expected AUM growth.

Key Risk

If AUM growth exceeds expectations, it could significantly alter the market's perception of Apollo's future earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Apollo's ability to maintain its strong earnings trajectory amidst market fluctuations.

Bull Confirmed If

An EPS of $2.00 or higher would confirm the bull case, indicating strong investment management.

Bear Confirmed If

An EPS below $1.85 would confirm the bear case, suggesting potential issues in investment performance.

Pre-Earnings Positioning

Options Market

Implied Move

±2.71%

Historical Avg

±3.5%

Pricing cheap

The options market is pricing in a modest move of about 2.71%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±2.7% while APO has averaged ±3.5% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

30.8%

Calls (56K)P/C Ratio: 1.03Puts (93K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Apollo beats expectations and raises guidance, history suggests a potential stock increase of around 1.48%.

In-Line / Cautious

If results come in line with expectations but management provides cautious commentary, the stock may see little movement.

Miss

Should Apollo miss estimates, history indicates a likely decline of about 7.45% in the stock price.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the growth of assets under management.
2Details on investment performance across different sectors.
3Management's outlook on market conditions and strategic initiatives.
4Guidance on future EPS expectations.
5Responses to questions about recent market trends affecting performance.