• In June 2026, Apollo Global Management, Inc. (NYSE: APO) was removed from several major Russell growth benchmarks, including the Russell 1000 Growth, Russell Top 200 Growth, Russell 3000 Growth, and Russell 3000E Growth indices.
• This broad removal from growth indices matters because it can force large index-tracking and benchmark-aware investors to rebalance away from Apollo, potentially altering its investor mix and trading patterns.
• We’ll now examine how Apollo’s broad removal from key Russell growth indices may influence its previously outlined investment narrative and risk profile.

Find 44 companies with promising cash flow potential yet trading below their fair value.

Apollo Global Management Investment Narrative Recap

To own Apollo Global Management, you need to be comfortable with a complex, fee and spread driven alternatives platform that depends heavily on execution and disciplined growth. The removal from Russell growth indices may affect near term flows and trading, but it does not materially change Apollo’s core catalyst around retirement and private credit origination, nor its key risk that most challenges are internal and execution related.

The most relevant recent announcement is Apollo’s upcoming Q2 2026 earnings release on August 4, 2026, which should shed light on margins, capital deployment, and how the business is tracking against its conservative growth and equity yield focus. For investors watching the index removal, this earnings update may matter more for the thesis than the benchmark changes themselves, especially given recent pressure on profit margins and valuation multiples.

Yet beneath the index changes, investors should be aware of how internal execution risks could affect...

Apollo Global Management's narrative projects $1.1 billion revenue and $6.6 billion earnings by 2028. This implies a 64.6% yearly revenue decline but an earnings increase of about $3.5 billion from $3.1 billion today.

Uncover how Apollo Global Management's forecasts yield a $158.22 fair value, a 34% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members place Apollo’s fair value between US$104.78 and US$150.88 across 2 different views, showing a wide spread of expectations. Against this, the heavy reliance on internal execution and conservative growth targets could shape how those diverse opinions play out in Apollo’s future earnings power, so it is worth weighing several viewpoints before forming your own.

Explore 2 other fair value estimates on Apollo Global Management - why the stock might be worth as much as 28% more than the current price!

Reach Your Own Conclusion

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Apollo Global Management research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
• Our free Apollo Global Management research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Apollo Global Management's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.