Loading...
•
Sep 30
Apollo Q3 2025 Earnings Report
Apollo reported strong Q3 2025 results driven by record Fee and Spread Related Earnings and continued growth in AUM.
Key Takeaways
Apollo delivered robust third-quarter results with record fee and spread related earnings, strong inflows, and a notable increase in AUM. The company benefited from broad-based momentum in both Asset Management and Retirement Services.
GAAP Net Income attributable to common stockholders reached $1.71 billion.
Adjusted Net Income was $1.36 billion or $2.17 per share.
Total AUM grew to $908 billion, supported by $82 billion of inflows during the quarter.
Fee and Spread Related Earnings hit a record $1.523 billion.
Apollo
Apollo
Forward Guidance
Apollo remains optimistic about long-term structural growth trends and is well-positioned to continue capitalizing on global demand for private market access, despite macroeconomic uncertainties.
Positive Outlook
- Strong momentum in asset origination and capital deployment.
- Significant inflows across Asset Management and Retirement Services.
- Continued growth in fee-related earnings and AUM.
- Expansion of global wealth channels and semi-liquid product offerings.
- Accretive acquisition of Bridge Investment Group completed.
Challenges Ahead
- Principal Investing Income remains cyclically light.
- Higher compensation and infrastructure costs pressured FRE margins.
- Market volatility may delay performance fee realizations.
- Spread Related Earnings impacted by higher cost of funds.
- Net spread slightly declined due to tight asset spreads and run-off dynamics.