Apollo Management(US:APO) ZACKS·2026-03-11 16:31Core Viewpoint - Apollo Global Management Inc. has experienced an 18.3% decline in share price over the past month, underperforming the S&P 500, raising questions about its future performance leading up to the next earnings release [1] Financial Performance - Apollo's Q4 2025 adjusted net income per share was $2.47, exceeding the Zacks Consensus Estimate of $2.03 and up from $2.22 in the previous year [2] - The GAAP net income attributable to Apollo Global was $660 million, down from $1.46 billion year-over-year, while the full-year ANI per share was $8.38, surpassing the estimate of $7.94 and up from $7.43 the previous year [3] - Total revenues for Q4 were $1.2 billion, a 30.3% increase year-over-year, and full-year revenues reached $4.5 billion, up 22.3% year-over-year, both exceeding consensus estimates [4] Assets Under Management (AUM) - Fee-earning AUM increased by 24.6% year-over-year to $709 billion, driven by strong management fee growth and record capital solutions fees [5] - Total AUM as of December 31, 2025, 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, partially offset by $60 billion in outflows [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 potentially weak capital and liquidity position [7] Market Sentiment and Estimates - There has been an upward trend in fresh estimates for Apollo Global, suggesting a positive outlook among investors [8] - The stock currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [11] Industry Comparison - Apollo Global Management is part of the Zacks Financial - Investment Management industry, where MSCI, a peer, reported a 10.6% year-over-year revenue increase and a 9.5% expected earnings growth for the current quarter [12][13]