APO · Apollo Global Management, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.06B | - | $9.82B | $6.81B | $5.55B | - | $7.77B | $6.02B | $7.04B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $4.68B | - | $7.07B | $5.72B | $4.34B | - | $5.82B | $4.58B | $4.89B | - |
| D&A | $397.00M | - | - | - | $308.00M | - | - | - | $238.00M | - |
| Operating Income | $283.00M | - | $2.90B | $845.00M | $1.18B | - | $2.09B | $1.44B | $2.19B | - |
| Interest Expense | $179.00M | - | $166.00M | $143.00M | $135.00M | - | $120.00M | $119.00M | $94.00M | - |
| Income Tax | $1.69B | - | $438.00M | $3.00M | $243.00M | - | $317.00M | $261.00M | $422.00M | - |
| Net Income | ($1.91B) | - | $1.74B | $630.00M | $442.00M | - | $811.00M | $599.00M | $1.43B | - |
| EPS - Basic | ($3.27) | - | $2.82 | $1.00 | $0.68 | - | $1.30 | $1.36 | $2.31 | - |
| EPS - Diluted | ($3.27) | - | $2.78 | $0.99 | $0.68 | - | $1.29 | $1.35 | $2.28 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $23.75B | $20.59B | $21.20B | $14.97B | $15.51B | $17.11B | $17.63B | $17.98B | $19.72B | $17.69B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $467.53B | $460.95B | $449.54B | $419.55B | $395.05B | $377.89B | $368.69B | $346.50B | $334.05B | $313.49B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $14.22B | $13.36B | $12.63B | $12.14B | $10.58B | $10.59B | $9.81B | $9.81B | $9.60B | $8.09B |
| Total Liabilities | $428.00B | $418.43B | $409.75B | $385.69B | $362.70B | $346.92B | $337.15B | $318.09B | $307.04B | $288.24B |
| Stockholders' Equity | $19.95B | $23.34B | $23.14B | $19.32B | $17.98B | $17.25B | $17.86B | $15.27B | $14.79B | $14.04B |
| Retained Earnings | $5.16B | $7.63B | $7.31B | $5.92B | $5.63B | $6.02B | $4.87B | $4.38B | $3.86B | $2.97B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.62B | - | - | - | $1.01B | - | - | - | $70.00M | - |
| Investing Cash Flow | ($8.33B) | - | - | - | ($16.89B) | - | - | - | ($16.39B) | - |
| Financing Cash Flow | $9.87B | - | - | - | $14.27B | - | - | - | $18.34B | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 5.6% | - | 29.5% | 12.4% | 21.3% | - | 26.8% | 23.9% | 31.1% | - |
| EBITDA margin | 13.4% | - | - | - | 26.8% | - | - | - | 34.4% | - |
| Net margin | -37.7% | - | 17.7% | 9.2% | 8.0% | - | 10.4% | 10.0% | 20.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | 20.1% | 0.5% | 35.5% | - | 28.1% | 30.3% | 22.8% | - |
| Return on assets | -0.4% | - | 0.4% | 0.2% | 0.1% | - | 0.2% | 0.2% | 0.4% | - |
| Return on equity | -9.6% | - | 7.5% | 3.3% | 2.5% | - | 4.5% | 3.9% | 9.7% | - |
| Return on invested capital | 0.7% | - | 6.5% | 2.7% | 2.7% | - | 5.4% | 4.0% | 6.9% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.71 | 0.57 | 0.55 | 0.63 | 0.59 | 0.61 | 0.55 | 0.64 | 0.65 | 0.58 |
| Debt / Assets | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Debt / EBITDA | 20.91 | - | - | - | 7.11 | - | - | - | 3.96 | - |
| Interest coverage | 1.6x | - | 17.5x | 5.9x | 8.7x | - | 17.4x | 12.1x | 23.3x | - |
| Equity multiplier | 23.43 | 19.75 | 19.43 | 21.71 | 21.98 | 21.90 | 20.64 | 22.69 | 22.59 | 22.32 |
| Liabilities / Assets | 0.92 | 0.91 | 0.91 | 0.92 | 0.92 | 0.92 | 0.91 | 0.92 | 0.92 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.02 | 0.02 | 0.01 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 47.9x | 143.3x | 201.4x | - | 96.8x | 87.5x | 49.3x | - |
| P / B | 3.3x | - | 3.5x | 4.3x | 4.5x | - | 4.1x | 4.6x | 4.6x | - |
| P / S | 13.1x | - | 8.2x | 12.3x | 14.6x | - | 9.5x | 11.6x | 9.7x | - |
| EV / EBITDA | 83.5x | - | - | - | 51.2x | - | - | - | 23.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.8% | - | 26.4% | 13.2% | -21.2% | - | 199.5% | -56.1% | - | - |
| Revenue CAGR (3y) | - | - | 108.9% | 44.2% | 34.2% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -76.0% | - | 39.0% | -41.2% | -46.0% | - | 136.2% | 51.2% | - | - |
| Net income growth (YoY) | - | - | 114.1% | 5.2% | -69.0% | - | 18.9% | 0.0% | - | - |
| EPS growth (YoY) | - | - | 115.5% | -26.7% | -70.2% | - | 17.3% | 35.0% | - | - |
| EPS CAGR (3y) | - | - | - | -28.4% | -37.7% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.0% | 35.3% | 29.5% | 26.5% | 21.6% | 22.8% | 111.6% | 85.6% | 83.1% | 3437.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$53.55B totalRetirement Services Segment$27.05B · 50.5%
Asset Management And Retirement Segments$20.21B · 37.7%
Asset Management Segment$5.00B · 9.3%
Principal Investing Segment$1.29B · 2.4%
Product / service
$3.83B totalAsset Management1$2.38B · 62.2%
Investment Advice$1.20B · 31.4%
Management Service Incentive$245.00M · 6.4%
Peer comparison
Same SIC group: Investment Advice
Comparing Apollo Global Management against the 5 most active filers in the same SIC group.
Dividends
$2.09/share trailing 12 months · +10.2% YoY
| Ex-date | Per share |
|---|---|
| May 19, 2026 | $0.5630 |
| Feb 19, 2026 | $0.5100 |
| Nov 17, 2025 | $0.5100 |
| Aug 18, 2025 | $0.5100 |
| May 16, 2025 | $0.5100 |
| Feb 18, 2025 | $0.4630 |
| Nov 18, 2024 | $0.4630 |
| Aug 16, 2024 | $0.4630 |
| May 16, 2024 | $0.4630 |
| Feb 16, 2024 | $0.4300 |
| Nov 16, 2023 | $0.4300 |
| Aug 17, 2023 | $0.4300 |
| May 19, 2023 | $0.4300 |
| Feb 17, 2023 | $0.4000 |
| Nov 16, 2022 | $0.4000 |
| Aug 17, 2022 | $0.4000 |
| May 17, 2022 | $0.4000 |
| Feb 17, 2022 | $0.4000 |
| Nov 18, 2021 | $0.5000 |
| Aug 18, 2021 | $0.5000 |
| May 19, 2021 | $0.5000 |
| Feb 18, 2021 | $0.6000 |
| Nov 19, 2020 | $0.5100 |
| Aug 17, 2020 | $0.4900 |