Saturday 17 October 2026 Export APO’s income statement to Excel — free account

Apollo Global Management Inc.

Apollo Global Management Inc.’s revenue for fiscal 2025 (year ended December 2025) was $32.0 billion, up 22.7% from fiscal 2024. In the quarter to June 2026, revenue grew 63.7%, EPS grew 118.0%, free cash flow grew 128.3% and total debt rose 13.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years.

110.78 1.09 −0.97%

Follow APO

Alert me

Market cap: $66.1B
P/E: 39.6×
Fwd P/E: 15.6×
Dividend yield: 1.94%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 9.75

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	—	—	—	2	—	—	1	—	—

Insider Ownership 27.95%

Capital & Financial Ratios $m

Market Cap 66,060.00

Revenue 35,899.00

Net Income 4,299.00

Free Cash Flow 9,473.00

Net Debt (13,418.00)

Current Ratio 1.70

Debt/Equity 0.33

P/E ratio 39.56

Fwd P/E 15.60

P/S ratio 1.83

P/B ratio 1.64

Past 5Y EPS Growth 65.96%

This Y EPS Growth 3.62%

Next Y EPS Growth 22.61%

Next Y revenue growth (83.12%)

Next 5Y EPS Growth 13.43%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 86.92%

10-year low 10-year high

P/S against its own 10 years 3.58%

10-year low 10-year high

P/B against its own 10 years 3.39%

10-year low 10-year high

Dividends

Payout Ratio 0.79

Annual Dividend Rate 2.15

Annual Dividend Yield 1.94%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.24	0.51 0.56 0.56
2025	1.99	0.46 0.51 0.51 0.51
2024	1.82	0.43 0.46 0.46 0.46
2023	1.69	0.40 0.43 0.43 0.43
2022	1.60	0.40 0.40 0.40 0.40
2021	2.10	0.60 0.50 0.50 0.50
2020	2.31	0.89 0.42 0.49 0.51
2019	2.02	0.56 0.46 0.50 0.50
2018	1.93	0.66 0.38 0.43 0.46
2017	1.85	0.45 0.49 0.52 0.39
2016	1.25	0.28 0.25 0.37 0.35

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	17,629	16,954	20,264	27,145
Receivables	449	584	647	940
Inventory	—	—	—	—
Other	—	—	—	—
	18,078	17,538	20,911	28,085

	2023	2024	2025	Q'26
Payables	3,338	3,616	3,861	4,130
ST’ Debt	—	—	—	—
Other	—	—	—	—
	11,744	15,978	16,008	16,502

Compound Annual Growth %

	10y	5y	3y
Sales	40.87%	68.58%	42.96%
Cash Flow	28.67%	0.00%	24.12%
Earnings	38.11%	95.13%	0.00%
Book Value	40.79%	50.46%	43.57%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,059	11,153	—	—	—
’25	5,548	6,814	9,823	9,864	32,049
’24	7,040	6,018	7,773	5,283	26,114
’23	5,301	13,702	2,595	11,046	32,644
’22	862	2,286	2,979	4,841	10,968
’21	2,295	1,383	1,078	1,195	5,951
’20	(1,469)	1,508	1,018	1,296	2,354

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,620	2,881	—	—	—
’25	1,012	1,262	303	4,669	7,246
’24	70	1,333	1,854	(4)	3,253
’23	1,071	3,551	(364)	2,064	6,322
’22	(3,993)	3,973	2,344	1,465	3,789
’21	(229)	1,322	1,044	(1,073)	1,064
’20	868	70	577	(3,131)	(1,616)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,620	2,881	—	—	—
’25	1,012	1,262	303	4,669	7,246
’24	70	1,333	1,854	(4)	3,253
’23	1,071	3,551	(364)	2,064	6,322
’22	(3,993)	3,973	2,344	1,465	3,789
’21	(229)	1,322	1,044	(1,073)	1,064
’20	849	50	567	(3,131)	(1,616)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(3.27)	2.15	—	—	—
’25	0.68	0.99	2.78	1.07	5.54
’24	2.28	1.35	1.29	2.39	8.28
’23	1.66	1.00	1.10	4.65	8.49
’22	(1.50)	(3.53)	(1.52)	0.97	(5.57)
’21	2.81	2.70	1.01	0.91	7.32
’20	(4.47)	1.84	1.11	1.80	0.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.35	19.40	22.63	23.79	19.46	45.40	45.62	55.16	89.76	102.58	Analyst estimates 2026–2028 Powerpack
	High	21.17	34.03	37.35	48.80	55.39	81.07	74.44	96.23	189.49	174.91
People
People	Employees	986	1,047	1,143	1,421	1,729	2,153	2,540	4,879	5,108	6,140
	Revenue/emp, $m	2.10	2.65	0.96	2.06	1.36	2.76	4.32	6.69	5.11	5.22
Income, $m
Income, $m	Revenue	2,074	2,772	1,093	2,932	2,354	5,951	10,968	32,644	26,114	32,049
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	1,061	1,770	105	1,408	553	4,861	(4,246)	5,586	7,435	6,677
	EBT margin, %	51.17	63.84	9.63	48.02	23.49	81.68	(38.71)	17.11	28.47	20.83
	Net income	970	1,444	19	1,537	467	4,267	(3,507)	6,509	6,373	5,401
	Depreciation	19	18	15	16	19	27	814	884	952	1,229
Per share, $
Per share, $	Revenue	11.27	14.52	5.47	14.16	10.35	25.15	18.76	56.15	44.56	54.37
	Earnings	2.11	3.12	(0.30)	3.72	0.44	7.32	(5.57)	8.53	8.32	5.58
	Cash flow	3.26	4.50	4.07	5.23	(7.10)	4.50	6.48	10.87	5.55	12.29
	Capex	(0.03)	(0.04)	(0.07)	(0.19)	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	3.23	4.46	4.00	5.04	(7.10)	4.50	6.48	10.87	5.55	12.29
	Book value	10.15	15.18	12.26	14.67	24.23	43.09	24.57	43.40	52.83	72.12
	Shares, m	184	191	200	207	228	237	585	581	586	590
Valuation, ×
Valuation, ×	P/E	9.42	10.80	0.00	12.66	174.93	9.75	0.00	10.72	22.35	25.99
	P/S	1.75	2.31	4.49	3.37	4.73	2.88	3.35	1.63	3.71	2.66
	P/B	1.94	2.44	2.59	3.98	2.25	1.78	2.56	2.23	3.27	2.08
	EV/Sales	2.00	2.40	4.81	3.55	5.06	3.13	2.93	1.33	3.46	2.45
	EV/FCF	7.00	7.82	6.58	9.97	(7.07)	18.74	8.65	6.97	28.40	10.93
Cash, $m
Cash, $m	Operating cash flow	600	860	814	1,083	(1,616)	1,064	3,789	6,322	3,253	7,246
	Capex	(6)	(9)	(15)	(39)	—	—	—	—	—	—
	Free cash flow	593	851	800	1,043	(1,616)	1,064	3,789	6,322	3,253	7,246
Balance, $m
Balance, $m	Working capital	857	(14)	258	1,044	1,174	(1,954)	803	6,334	1,560	4,903
	Total debt	1,352	1,362	1,360	2,651	3,155	3,134	6,472	8,092	10,588	13,364
	Net debt	534	243	354	520	765	1,509	(4,546)	(9,537)	(6,366)	(6,900)
	Shareholders’ equity	1,868	2,898	2,452	3,038	5,513	10,194	14,366	25,233	30,964	42,515
Returns, %
Returns, %	ROA	7.91	9.75	(0.65)	11.10	0.75	6.65	(1.36)	1.75	1.30	0.81
	ROIC	23.62	28.10	4.23	21.79	7.72	9.82	(31.46)	21.16	18.12	11.86
	ROE	24.74	27.35	(1.86)	36.82	3.22	24.69	(16.34)	26.18	16.78	9.61

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BX Blackstone Inc.	$135.6B	23.8×	19.3×	+35.89% (above 0%: growing)	+57.14% (above 0%: growing)	+125.08% (above 0%: growing)	100.00%	55.78%	Compare
KKR KKR & Co. Inc.	$78.7B	25.7×	25.9×	+12.52% (above 0%: growing)	+39.62% (above 0%: growing)	+762.68% (above 0%: growing)	37.79%	6.89%	Compare
BAM Brookfield Asset Management Ltd.	$75.3B	26.0×	24.1×	+60.83% (above 0%: growing)	+47.37% (above 0%: growing)	+3.02% (above 0%: growing)	100.00%	65.83%	Compare
APO Apollo Global Management Inc.	$66.1B	39.6×	15.6×	+63.68% (above 0%: growing)	+118.00% (above 0%: growing)	+128.29% (above 0%: growing)	100.00%	22.42%
STT State Street Corporation	$46.0B	13.1×	13.4×	+5.36% (above 0%: growing)	+40.48% (above 0%: growing)	+65.74% (above 0%: growing)	66.12%	0.00%	Compare
AMP Ameriprise Financial, Inc.	$44.4B	11.9×	10.7×	+12.91% (above 0%: growing)	+11.40% (above 0%: growing)	+65.06% (above 0%: growing)	100.00%	29.70%	Compare
ARES Ares Management Corporation	$37.7B	51.5×	21.0×	+5.81% (above 0%: growing)	+6.52% (above 0%: growing)	−197.89% (below 0%: shrinking)	100.00%	17.40%	Compare
NTRS Northern Trust Corporation	$30.3B	14.1×	15.2×	+16.99% (above 0%: growing)	+98.60% (above 0%: growing)	−113.28% (below 0%: shrinking)	64.06%	0.00%	Compare
RJF Raymond James Financial, Inc.	$30.3B	13.4×	13.4×	+13.53% (above 0%: growing)	+41.67% (above 0%: growing)	−148.58% (below 0%: shrinking)	100.00%	26.55%	Compare
Median of peers	$45.2B	18.9×	17.3×	+13.22%	+41.08%	+34.04%	100.00%	21.98%

All 120 Asset Management stocks →