Apollo publishes Q3 2026 earnings call transcript
APO•Apollo forecast 2027 fee-related earnings growth above 20% and reported record third-quarter fee-related earnings of $802 million, up 23% year over year.
1. Outlook and results
At its November 3 third-quarter earnings call, Apollo Global Management forecast 2027 fee-related earnings growth above 20%. Management projected management-fee growth above 15% and 10% growth in spread-related earnings, measured against a base normalized for 11% alternative-investment returns.
2. Spending and records
Apollo plans to spend $350 million over 24 months on technology upgrades and new private-market services; CEO Marc Rowan expects margins to hold. Third-quarter origination totaled a record $114 billion.
