Apollo Global Management reports record second-quarter earnings driven by strong origination and capital formation

Earnings
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Apollo Global Management posted record second-quarter 2026 results, with fee-related earnings of $785 million, or $1.26 per share, and spread-related earnings of $877 million, or $1.41 per share, driving total adjusted net income of $1.3 billion, or $2.11 per share. Origination volume reached $74 billion in the quarter, not including the $35 billion Broadcom financing that will benefit future periods, and capital formation hit a record $60 billion of organic inflows. CEO Marc Rowan highlighted momentum across the business, with management fees up 23% year-over-year and capital solutions fees of $277 million marking the fifth straight quarter above $200 million. The firm also announced plans to open a new office in Austin, Texas, to focus on building businesses of the future, and confirmed it is on track for its 2026 growth outlook for fee-related and spread-related earnings.

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Apollo Global Management LLC Class A
APO
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Record Q2 earnings with fee-related and spread-related earnings beating expectations, driving total adjusted net income of $1.3 billion.