Filing Flows › Apollo Global Management (APO) › Q3 2026
Apollo Global Management (APO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Apollo Global Management (APO) reported revenue of $4.7B for the third quarter 2026 (Q3 2026), -52% from a year earlier and -58% from the quarter before. Operating margin was -30.9%, net loss $1.1B (23.7% of revenue).
Apollo Global Management, Q3 2026: revenue $4.7B (-52% year over year), operating margin -30.9%, net loss $1.1B, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | -58% | -52% |
| Operating profit | −$1.5B | -159% | -151% |
| Net earnings | −$1.1B | -182% | -165% |
| Operating cash flow | $136M | -95% | -55% |
What changed
Revenue was $4.7B in Q3 2026, down 52% year over year and down 58% from the previous quarter. Retirement Services was the largest line at 73% of revenue. Retirement Services lost $4.9B year over year (down 59%), 96% of the total change.
Operating costs exceeded revenue by $1.5B, an operating margin of -30.9%. Total costs fell 10% while revenue fell 52%. The quarter ended with a net loss of $1.1B, after a profit of $2.1B the previous quarter. Minority interests bore $0.07B of it: to shareholders the quarter was a loss of $1.1B.
Operating cash flow was $0.14B (down 55% year over year). Non-cash charges added back $0.54B of depreciation and amortization and $0.24B of share-based compensation. Working capital and other items added $0.48B.
Questions
What was Apollo Global Management's revenue in the third quarter 2026?
Apollo Global Management (APO) reported revenue of $4.7B for the third quarter 2026 (Q3 2026), -52% from a year earlier and -58% from the quarter before.
Was Apollo Global Management profitable in the third quarter 2026?
Operating loss was $1.5B (-30.9% of revenue) and net loss $1.1B.