What does Apollo Global do and what are its main business segments?

Did Apollo Global beat or miss consensus estimates last quarter?

What were the key takeaways from Apollo Global's earnings call?

What were the key takeaways from Apollo Global’s earnings call?

What is the revenue and EPS growth rate for Apollo Global year over year?

What is Apollo Global's gross profit margin?

What factors drove the changes in Apollo Global's revenue and profit?

What guidance did Apollo Global's management provide for the next earnings period?

- **Record Origination Growth**: Q3 origination of $75 billion, up 40% year-over-year, driven by hybrid and private credit solutions.
- **Strong Financial Performance**: FRE of $652 million (+23% YoY), SRE of $846 million, and AUM of $908 billion.
- **2026 Outlook**: 20%+ FRE growth, 10% SRE growth, with 75% of top-line growth from existing platforms.
- **Private Credit Expansion**: 50% of assets under management in private credit, with focus on 401(k) and institutional inflows.

**CEO Summary Section**
- Led by hybrid and private credit solutions, Q3 origination reached $75 billion, up 40% YoY, with 50% of assets under management in private credit.
- Global Wealth inflows of $5 billion reflect demand for alternative income solutions, with 80% of strategies focused on credit-oriented strategies.
- 2026 outlook includes 20%+ FRE growth and 10% SRE growth, with 75% of top-line growth from existing platforms.

**CFO Financial Commentary**
- Q3 FRE of $652 million (+23% YoY), SRE of $846 million, and AUM of $908 billion.
- 2026 guidance: 20%+ FRE growth, 10% SRE growth, and 50% of assets in private credit.
- Risk management actions reduced floating rate portfolio sensitivity to $10-15 million vs. prior $30 million.

**Q&A Key Highlights**
- **Origination Strategy**: 2026 target of $275 billion+ origination, with 50% growth from new products (e.g., sports, data centers).
- **Wealth Management**: 2025 Global Wealth inflows of $26 billion, 80% in credit-oriented strategies.
- **Partnerships**: Discussions with traditional asset managers to integrate private credit into 401(k) and institutional portfolios.
- **Risk Management**: 90% of portfolio in investment-grade assets, 10% in high-yield, with 25% reduction in COVID-era business drag.

Apollo Global Management, Inc. (APO) Q3 2025 Earnings Call Transcript

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