Apollo AUM Climbs to $840 Billion as Q2 Profit Beats Estimates

Apollo Global Management reported stronger-than-expected second-quarter results, underscored by record fee income and a surge in assets under management as demand for private credit held firm despite market volatility sparked by U.S. trade tensions. Adjusted earnings per share rose to $1.92, surpassing the $1.84 consensus, while revenue reached $6.8 billion and net income came in at $605 million. The New York-based alternative-asset manager attracted $61 billion of net inflows during the quarter, lifting total assets under management to an all-time high of $840 billion—about $40 billion above analysts’ projections. Fee-related earnings climbed to a record $627 million, reflecting steady growth in Apollo’s origination and capital-solutions platform. The firm declared a quarterly dividend of $0.51 a share.