Apollo Global Management正把私募信贷的触角伸向AI算力资产，通过"买芯片再出租"的结构化融资， 为xAI这类高资本开支项目提供现金流缓冲，也为投资者打开一条以硬件为底层资产的收益路径。 据The Information援引知情人士报道，Apollo接近达成一笔约34亿美元的贷款安排，资金将投向一只投 资载体，该载体计划购买Nvidia芯片并租赁给Elon Musk旗下xAI，交易最快可能在本周敲定。 在这一背景下，通过载体购置芯片并出租，能够把部分一次性资本开支转化为持续性租赁成本，从而缓 解短期现金压力。 Musk在为xAI筹资方面并未遭遇太大阻力。The Information称，该公司上月表示在一轮单独融资中筹得 200亿美元，较最初预期多出50亿美元。 知情人士称，Apollo对本次交易的同意发生在Musk决定将xAI与SpaceX合并之前。 回报假设：基准情景年化回报超过22%，下行情景约17% Apollo为该投资工具提供的债务预计将收取9.5%的利率。据知情人士透露，Apollo还计划将部分债务出 售给其他机构，并协助出售该工具的股权部分。 这将是Apollo第二次对面向 ...

阿波罗全球管理公司第四季度放贷额达到创纪录的970亿美元，全年放贷总额达3090亿美元，比之前一 年增加了近1000亿美元。 ...

Group 1 - Apollo Global Management reported fourth-quarter earnings with adjusted earnings per share of $2.47, exceeding analyst estimates by $0.43, and revenue of $9.86 billion, nearly double the consensus forecast of $5.3 billion [1] - Following the earnings announcement, shares rose more than 1% intra-day on Monday [1] - The strong quarter capped a year of "exceptional execution" in 2025, with assets under management reaching approximately $938 billion as of December 31, 2025 [2] Group 2 - Throughout 2025, Apollo positioned itself as a key participant in major financial trends, including financing industrial growth, expanding retirement solutions, and broadening access to private market investments [2] - The company declared a quarterly cash dividend of $0.51 per share of common stock, payable on February 27, 2026, to shareholders of record as of February 19, 2026 [3] - Apollo also announced a cash dividend of $0.8438 per share on its Mandatory Convertible Preferred Stock [3]

Core Insights - Apollo Global Management, LLC's fourth-quarter 2025 adjusted net income (ANI) per share was $2.47, exceeding the Zacks Consensus Estimate of $2.03 and up from $2.22 in the previous year [1][9] - The company's shares rose nearly 2.6% in early trading following the release of these results [1][9] Financial Performance - The increase in revenues was primarily driven by a rise in assets under management (AUM), with total revenues reaching $1.2 billion, a 30.3% year-over-year increase, surpassing the Zacks Consensus Estimate by 4.4% [4][9] - For the full year 2025, revenues totaled $4.5 billion, up 22.3% year over year, also beating the Zacks Consensus Estimate of $4.4 billion [4] - Total expenses rose 25.3% year over year to $218 million in the reported quarter [4] Assets Under Management - Fee-earnings AUM increased by 24.6% year over year to $709 billion, driven by strong management fee growth and record capital solutions fees [5] - As of December 31, 2025, total AUM was $938 billion, reflecting a 24.9% year-over-year increase, supported by $145 billion in inflows from Asset Management and $83 billion from Retirement Services [6] Capital and Liquidity - As of December 31, 2025, Apollo Global had cash and cash equivalents of $3.3 billion and total debt of $5.5 billion, indicating a relatively weak capital and liquidity position [7] Capital Distribution - The company announced a quarterly cash distribution of 51 cents per share, scheduled for payment on February 27, 2026, to shareholders of record as of February 19 [8] Strategic Developments - The acquisition of Bridge Investment Group Holdings Inc. is expected to enhance Apollo Global's real estate expertise and strengthen its wealth management business, contributing positively to its financials [10]

Q4 earnings season is in full swing, as more than half of the S&P 500 companies have reported earnings results. Earnings have been a positive factor for stocks, with 79% of the 293 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.The marke ...

Apollo Global Management Inc. (APO) reported $1.24 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 30.3%. EPS of $2.47 for the same period compares to $2.22 a year ago.The reported revenue represents a surprise of +4.35% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $2.03, the EPS surprise was +21.74%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

知情人士称，阿波罗全球管理公司即将达成一项协议，向某投资载体提供约34亿美元贷款，该载体将购 入英伟达芯片并租赁给埃隆・马斯克旗下的xAI公司。 知情人士称，阿波罗全球管理公司即将达成一项协议，向某投资载体提供约34亿美元贷款，该载体将购 入英伟达芯片并租赁给埃隆・马斯克旗下的xAI公司。 SpaceX与xAI公司暂未就路透社的置评请求作出回应。 责任编辑：李肇孚 SpaceX与xAI公司暂未就路透社的置评请求作出回应。 责任编辑：李肇孚 ...

Financial Data and Key Metrics Changes - The company generated record combined fee-related earnings (FRE) and spread-related earnings (SRE) of $5.9 billion, driving adjusted net income of $5.2 billion, which is up 14% year-over-year, equating to $8.38 per share [4][6] - FRE for the year was $2.5 billion, reflecting a 23% increase year-over-year, while SRE was $3.4 billion, normalized to a 9% increase year-over-year [6][34] - The company achieved record inflows of $228 billion, marking the third consecutive record year for both Athene and Asset Management [6][7] Business Line Data and Key Metrics Changes - The origination volume crossed the $300 billion mark, with a robust consistent spread of 350 basis points over treasuries [6][7] - In the individual market, inflows exceeded $18 billion, with nine strategies raising over $500 million annually [9] - Athene's net invested assets grew by 18% year-over-year to $292 billion, with record inflows of $83 billion driven by retail and funding agreements [31][36] Market Data and Key Metrics Changes - The company reported that all buckets of credit increased by 8%-12%, with hybrid value up 16% for the year [8] - The global wealth business raised $18 billion, up nearly 50% year-over-year, indicating strong demand across multiple client types and geographies [30] - The institutional business had a record year, with $15 billion in new mandates from third-party insurance [28] Company Strategy and Development Direction - The company is transitioning from serving one market to six markets, including individuals, insurance, and traditional asset managers, requiring different products and investments in technology [8][9] - The focus is on a total portfolio approach, which opens up debt and equity buckets to private assets, enhancing competition with public assets [10][11] - The company aims for 20%+ FRE growth in 2026, with a strong emphasis on maintaining quality alongside scale [11][40] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing demand for retirement income and the global retirement crisis, expecting approximately $85 billion of inflows in 2026 [11][12] - The outlook for SRE growth remains durable, with a reaffirmed expectation of 10% growth on average through 2029 [12][41] - Management emphasized the importance of a principal mindset in investing, focusing on long-term ownership rather than short-term market trends [13][14] Other Important Information - The company plans to increase the annual per-share dividend by 10% from $2.04 to $2.25 starting in Q1 2026, reflecting a commitment to returning capital to shareholders [40] - The company has returned approximately $1.5 billion to shareholders through dividends and repurchases during the year [39] Q&A Session Summary Question: Implications of the ARI transaction on SRE - Management indicated that the ARI transaction helps de-risk the year and supports the goal of 10% SRE growth, but it should not be assumed to be additive [46][50] Question: Dynamics in the non-traded BDC space and ADS - Management noted that the philosophy of portfolio construction in ADS has resonated well, with net new assets increasing over $5 billion last year despite market turbulence [52][53] Question: Interaction with LPs regarding private allocations - Management expects increased dispersion among managers and a shift in institutional allocations towards private assets, driven by public market volatility [57][60] Question: Origination opportunities and margin profile - Management highlighted the globalization of origination strategies and the focus on quality and scale, with expectations for continued growth in FRE margins [73][75]

Apollo Global Management (NYSE:APO) Q4 2025 Earnings call February 09, 2026 08:30 AM ET Company ParticipantsJim Zelter - PresidentMarc Rowan - CEOMartin Kelly - CFOMichael Cyprys - Managing DirectorNoah Gunn - Head of Investor RelationsConference Call ParticipantsAlex Blostein - Managing Director and AnalystBen Budish - Director and AnalystBill Katz - AnalystBrennan Hawken - AnalystBrian Bedell - Managing Director and AnalystGlenn Schorr - Managing Director and AnalystJohn Barnidge - Director and AnalystKen ...

Apollo Global Management (NYSE:APO) Q4 2025 Earnings call February 09, 2026 08:30 AM ET Speaker4Good morning and welcome to Apollo Global Management's fourth quarter 2025 earnings conference call. During today's discussion, all callers will be placed in listen-only mode, and following management's prepared remarks, the conference call will be opened for questions. Please limit yourself to one question, then rejoin the queue. This conference call is being recorded. This call may include forward-looking state ...