Apollo Global Management, Inc.: Q3 FY2025 earnings call

What management said about Q3 FY2025, from the documents filed with the SEC on 4 November 2025: press release. The quarter’s numbers.

Key takeaways

Results described as broad-based momentum: Chairman and CEO Marc Rowan described the third quarter results as reflecting broad-based momentum across the business. The release gives no revenue, earnings or margin figures. Source
Origination and distribution cited as drivers: Management said results rest on leading origination, new product solutions, distribution and excess return for clients. Source
Structural trends named as focus: Management named re-industrialization, aging populations, and investors seeking greater access to private markets as the structural trends behind its growth. Source
Assets under management reported at $908 billion: The company reported approximately $908 billion of assets under management as of September 30, 2025. Source
Common dividend of $0.51 declared: The board declared a cash dividend of $0.51 per share of Common Stock for the quarter ended September 30, 2025. Source

“Our outstanding third quarter results reflect broad based momentum across the business.”
Marc Rowan, Chairman and Chief Executive Officer at Apollo

Results and growth drivers

Results described as broad-based momentum: Chairman and CEO Marc Rowan described the third quarter results as reflecting broad-based momentum across the business. The release gives no revenue, earnings or margin figures. Source
Origination and distribution cited as drivers: Management said results rest on leading origination, new product solutions, distribution and excess return for clients. Source
Strategic growth plan in early execution: Management said the global team is making significant early progress in executing the strategic growth plan. Source

Market trends and positioning

Structural trends named as focus: Management named re-industrialization, aging populations, and investors seeking greater access to private markets as the structural trends behind its growth. Source
Firm positioned to use these trends: Management said Apollo is uniquely built to capitalize on these structural trends. Source
Described as high-growth global alternative manager: The release describes Apollo as a high-growth, global alternative asset manager that seeks excess return from investment grade credit to private equity. Source

“In a world of re-industrialization, aging populations, and investors seeking greater access to private markets, we are delivering with leading origination, new product solutions and distribution, and excess return for our clients.”
Marc Rowan, Chairman and Chief Executive Officer at Apollo

Asset management and Athene

Excess return sought across risk spectrum: Asset management aims to provide clients excess return at every point along the risk-reward spectrum, from investment grade credit to private equity. Source
Athene offers retirement savings products: Athene, the retirement services business, helps clients achieve financial security with a suite of retirement savings products and acts as a solutions provider to institutions. Source
Assets under management reported at $908 billion: The company reported approximately $908 billion of assets under management as of September 30, 2025. Source

Capital returns to shareholders

Common dividend of $0.51 declared: The board declared a cash dividend of $0.51 per share of Common Stock for the quarter ended September 30, 2025. Source
Common dividend payment and record dates: The common dividend is payable November 28, 2025 to holders of record at the close of business on November 17, 2025. Source
Preferred dividend of $0.8438 declared: A cash dividend of $0.8438 per share was declared and set aside on the Mandatory Convertible Preferred Stock, payable January 31, 2026 to holders of record on January 15, 2026. Source

Company approach and disclosure

Full presentation posted on website: A full detailed presentation of the third quarter results is available on the investor relations website, which is where the financial detail sits. Source
Dividends at board's sole discretion: Declaration and payment of dividends on both common and mandatory convertible preferred stock are at the sole discretion of the board of directors. Source
Patient, creative investing approach: The release describes Apollo's investing approach as patient, creative and knowledgeable, aligning clients, investee businesses, employees and communities. Source

Leadership and contacts

Chairman and CEO gave the quarter view: Marc Rowan, Chairman and Chief Executive Officer, is the named speaker giving management's view of the quarter. Source
Investor relations contact named: Noah Gunn is named as global head of investor relations for investor inquiries. Source
Corporate communications contact named: Joanna Rose is named as global head of corporate communications for media inquiries. Source

Risks management discussed

Financial: Management said it cannot assure stockholders that they will receive any dividends in the future. Source

Earlier plans management reported on

Not stated: Management said the global team is making significant early progress executing the strategic growth plan; no status against a dated target is given. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

Apollo Reports Third Quarter 2025 Results

New York, November 4, 2025 - Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2025.

Marc Rowan, Chairman and Chief Executive Officer at Apollo said, “Our outstanding third quarter results reflect broad based momentum across the business. In a world of re-industrialization, aging populations, and investors seeking greater access to private markets, we are delivering with leading origination, new product solutions and distribution, and excess return for our clients. We are uniquely built to capitalize on these structural trends and our global team is making significant early progress executing our strategic growth plan.”

Apollo issued a full detailed presentation of its third quarter ended September 30, 2025 results, which can be viewed on Apollo’s Investor Relations website at ir.apollo.com.

Dividend

Apollo Global Management, Inc. has declared a cash dividend of $0.51 per share of its Common Stock for the third quarter ended September 30, 2025. This dividend will be paid on November 28, 2025 to holders of record at the close of business on November 17, 2025.

Apollo Global Management, Inc. has also declared and set aside for payment a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock, which will be paid on January 31, 2026 to holders of record at the close of business on January 15, 2026.

The declaration and payment of dividends on the Common Stock and the Mandatory Convertible Preferred Stock are at the sole discretion of Apollo Global Management, Inc.’s board of directors. Apollo cannot assure its stockholders that they will receive any dividends in the future.

Conference Call

Apollo will host a public audio webcast on Tuesday, November 4, 2025 at 8:30 a.m. Eastern Time. During the webcast, members of Apollo’s senior management team will review Apollo’s financial results for the third quarter ended September 30, 2025.

The webcast may be accessed at ir.apollo.com. For those unable to listen to the live broadcast, there will be a replay of the webcast available at the same link one hour after the event.

Apollo distributes its earnings releases via its website and email distribution lists. Those interested in receiving firm updates by email can sign up for them at ir.apollo.com.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements

Forward-looking statements notice

In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to inflation, interest rate fluctuations and market conditions generally, international trade barriers, domestic or international political developments and other geopolitical events, including geopolitical tensions and hostilities, the impact of energy market dislocation, our ability to manage our growth, our ability to operate in highly competitive environments, the performance of the funds we manage, our ability to raise new funds, the variability of our revenues, earnings and cash flow, the accuracy of management’s assumptions and estimates, our dependence on certain key personnel, our use of leverage to finance our businesses and investments by the funds we manage, Athene’s ability to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in our regulatory environment and tax status, and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

Investor and Media Relations Contacts

For investors please contact:

Noah Gunn

Global Head of Investor Relations

Apollo Global Management, Inc.

212-822-0540 ir@apollo.com

For media inquiries please contact:

Joanna Rose

Global Head of Corporate Communications

Apollo Global Management, Inc.

212-822-0491 communications@apollo.com