Apollo swings to $1.9 billion Q1 loss on one-time tax charge; adjusted income rises
Apollo Global Management reported a GAAP net loss attributable to common stockholders of $1.9 billion, or $3.27 per share, for the quarter ended March 31, 2026, compared with net income of $418 million a year earlier. The loss includes a one-time tax expense of $1.7 billion tied to the revocation of ACRA's election under Bermuda's Corporate Income Tax Act, while its non-GAAP Adjusted Net Income rose to $1.2 billion, or $1.94 per share, from $1.82 per share a year earlier.
Key points
- GAAP net loss attributable to common stockholders of $1.9 billion, or $3.27 per share, versus net income of $418 million in 1Q'25
- Includes a one-time tax expense of $1.7 billion from the revocation of ACRA's election under Bermuda's Corporate Income Tax Act 2023
- Adjusted Net Income of $1.2 billion, or $1.94 per share, versus $1.82 per share in 1Q'25; Fee-Related Earnings rose 30% to $728 million
- Cash dividend of $0.5625 per common share, payable May 29, 2026 to holders of record on May 19, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits 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 May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.