Apollo Q2 GAAP profit falls to $605 million as fee-related earnings rise 21%
Apollo reported second-quarter 2025 results with GAAP net income attributable to common stockholders of $605 million, or $1.00 per share, down from $828 million a year earlier, while total revenues rose to $6,814 million from $6,018 million. Its non-GAAP Adjusted Net Income reached $1.2 billion, or $1.92 per share, versus $1.64 a year earlier, driven by higher fee-related earnings and management fees.
Key points
- GAAP net income attributable to common stockholders was $605 million ($1.00 basic per share) in Q2 2025, compared with $828 million ($1.36) in Q2 2024.
- Fee-related earnings rose 21.5% year over year to $627 million; management fees rose 21.4% to $816 million.
- Adjusted Net Income was $1,179 million ($1.92 per share), compared with $1,009 million ($1.64 per share) in Q2 2024.
- Declared a $0.51 per share common dividend, payable August 29, 2025, to holders of record on August 18, 2025.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.