Apollo Global Management, Inc.

Company facts

Industry

Investment Advice

Headquarters

New York, New York

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

752 filings

On EDGAR

CIK 1858681

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 5 of 14 sections worth reading, with 1 positive, 8 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Large net loss, IRS NOPA, Bermuda tax reversal, and big investment swings.
  Notable

  • Athene committed $4.9B to Big Sky for compute infrastructure financing related to Anthropic.
  • Athene purchased $8.7B commercial mortgage loan portfolio from ARI in April 2026.
  Negative

  • Recorded $1.7B valuation allowance against Bermuda deferred tax assets in Q1 2026.

• Item 1A

  Full balance sheet with segment detail and VIE consolidation, essential for understanding Apollo's structure.
  Notable

  • Retirement Services assets grew $35.5B to $476.9B in nine months, now 96% of total assets.

• Management's Discussion (Item 2)

  Core MD&A with detailed segment results, AUM flows, and key non-GAAP metrics for Q3 2026.
  Positive

  • Total AUM reached $1.07 trillion at Sep 2026, up 14.4% from Dec 2025, with $146.9B in net flows YTD.
  Notable

  • Bridge acquisition in Sep 2025 contributed a full quarter of fees in Q3 2026 vs partial quarter in Q3 2025.

• Market Risk (Item 3)

  New quantified interest rate sensitivity for retirement services; $5.0B impact at Sep 30, 2026.
  Notable

  • A 25bp persistent rate increase adds only ~$10M to spread earnings from floating-rate assets, a small offset.
  • Market risk benefits add $30-50M to spread earnings from a 25bp rate rise, but exclude fair value changes in net income.
  Negative

  • Interest rate sensitivity rose to $5.0B from $4.2B, driven by longer-dated assets and derivatives in 2026.
  • Athene cannot estimate longer-term rate impacts; adjustments to net income are likely significant but unquantified.

• Unregistered Sales and Repurchases (Item 2)

  New $4B buyback program details and $80M stock issuance for acquisition.
  Notable

  • 649,680 shares issued for acquisition of partnership units, valued at ~$80M in August 2026.
  • New $4.0B buyback program approved Feb 2026; $2.89B remaining at Q3 2026 end.

What changed: Sep 2026 vs. Jun 2026

About 3% of APO's Sep 2026 10-Q is new information. 32 paragraphs were added, 403 changed, and 69 removed. Below are the most important lines SECSift identified.

• Item 2 186
• Item 1 93
• Item 3 3
• Item 6 2
• Item 5 1