Apollo Global Q4 EPS Tops Estimates, Fee-Earning AUM Jumps 24.6%
Apollo Global reported Q4 adjusted net income of $2.47 per share, beating $2.03 estimates and up from $2.22 year ago, on 30.3% revenue growth to $1.2 billion. Fee-earning AUM climbed 24.6% to $709 billion, total AUM reached $938 billion, and the company declared a $0.51 quarterly cash distribution while expenses rose 25.3%.
1. Q4 Earnings Beat Estimates
Apollo Global reported adjusted net income of $2.47 per share in Q4 2025, surpassing consensus estimates of $2.03 and up from $2.22 in the year-ago quarter. Total revenues rose 30.3% year over year to $1.2 billion, reflecting strong performance across its segments.
2. AUM Growth
Fee-earning assets under management increased 24.6% year over year to $709 billion, driven by management fee growth and record capital solutions fees. Total AUM rose 24.9% to $938 billion, bolstered by $145 billion in Asset Management inflows and $83 billion from Retirement Services.
3. Expenses and Distribution
Total expenses climbed 25.3% to $218 million, tempering some of the quarter’s gains. The company declared a quarterly cash distribution of $0.51 per share, payable February 27, reflecting confidence in its capital generation despite higher costs.