Boosted earnings from service fees in the Apollo sector, fueled by lending activities.
Apollo Global Management Reports Strong Second Quarter Results
Apollo Global Management, a leading global investment firm, has announced impressive financial results for the second quarter of the year. The company posted a net income of $1.2 billion, or $1.92 per share, marking a second consecutive quarter of record fee-related earnings.
The credit business, which now represents about 82% of Apollo's total assets under management (AUM), totaling $690 billion, has been the cornerstone of the firm's growth. This figure represents a 22.8% year-over-year increase.
The credit platform's performance was particularly noteworthy, with the Credit Direct Origination strategy returning 3.2% in Q2 2025 and 12.0% annually. This outperformance has driven strong organic inflows, resulting in record quarterly inflows in Q2 2025.
The growth in fee-related earnings was fueled by a 21.5% increase in Q2 2025, with nearly 60% of the fee generating AUM in credit being comprised of perpetual capital. Apollo also declared a dividend of $0.51 per share for common stock in Q2 2025, reflecting strong cash flow from fee earnings and inflows.
Apollo's asset under management increased by 21% to $840 billion as a result of the net inflows. The firm saw net inflows of $61 billion over the period into both its credit-focused and equity strategies.
In a dynamic environment, Apollo remains focused on investing and innovating behind long-term growth themes, including retirement, wealth, industrial renaissance, and the public-private convergence. The group noted that a large portion of its fee generating AUM in credit is perpetual capital.
Significant contributions to the origination activity came from debt origination platforms and core credit, leading to a record quarterly origination activity of $81 billion. The rise in fee-related earnings was due to a 25% year-on-year increase in management fees from the credit business, as well as a 4% increase in capital solutions fees, driven by a growth in debt origination.
Marc Rowan, chairman and chief executive of Apollo, commented on the results, stating that they reflect the strength of the company's business model and the discipline with which it operates. The share price of Apollo Global Management was up 2.71 per cent in the morning.
It's worth noting that Apollo has $42bn of dry powder in credit and $29bn in equity, although specific details about the sources or details of this dry powder were not provided.
In summary, Apollo Global Management's strong and growing position in credit investment management, supported by disciplined origination, solid returns, and robust fee growth, is a testament to its resilience and adaptability in the dynamic investment landscape.
| Aspect | Detail | |--------------------------|-------------------------------------------------------| | Credit AUM | $690 billion (82% of total AUM), up 22.8% YoY | | Credit Performance | 3.2% Q2 return, 12.0% annual return on Credit Direct Origination | | Fee-Related Earnings | Grew 21.5% in Q2 2025 | | Net Organic Inflows | Record quarterly inflows in Q2 2025 | | Dividend Declared | $0.51 per common share for Q2 2025 | | Assets under Management | Increased by 21% to $840 billion | | Net Inflows | $61 billion over the period | | Dry Powder | $42bn of dry powder in credit, $29bn in equity | | Origination Activity | Record quarterly origination activity of $81bn |
Apollo Global Management's strong second quarter results, led by its credit business, demonstrate the company's focus on business growth and investing in long-term growth themes. The firm's impressive financial performance included a 21.5% increase in fee-related earnings and a record quarterly inflow of $61 billion into both its credit-focused and equity strategies.
