Apollo Global Mgmt Inc Financials

APO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

3/9

Apollo Global Mgmt Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.71x

For every $1 of reported earnings, Apollo Global Mgmt Inc generates $0.71 in operating cash flow ($3.3B OCF vs $4.6B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Apollo Global Mgmt Inc (APO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$26.1B

YoY-20.0%

Apollo Global Mgmt Inc generated $26.1B in revenue in fiscal year 2024. This represents a decrease of 20.0% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$4.6B

YoY-9.3%

Apollo Global Mgmt Inc reported $4.6B in net income in fiscal year 2024. This represents a decrease of 9.3% from the prior year.

EPS (Diluted)

$7.33

YoY-11.5%

Apollo Global Mgmt Inc earned $7.33 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 11.5% from the prior year.

Cash & Debt

$17.1B

YoY-3.3%

Apollo Global Mgmt Inc held $17.1B in cash against $10.6B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.81

YoY+7.1%

Apollo Global Mgmt Inc paid $1.81 per share in dividends in fiscal year 2024. This represents an increase of 7.1% from the prior year.

Shares Outstanding

566M

YoY-0.4%

Apollo Global Mgmt Inc had 566M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

17.5%

YoY+2.1pp

Apollo Global Mgmt Inc's net profit margin was 17.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity

26.5%

YoY-9.4pp

Apollo Global Mgmt Inc's ROE was 26.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 9.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$890.0M

YoY+58.6%

Apollo Global Mgmt Inc spent $890.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 58.6% from the prior year.

Capital Expenditures

N/A

APO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$26.1B-20.0%	$32.6B+197.6%	$11.0B+84.3%	$6.0B+152.8%	$2.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$474.0M+76.9%	$268.0M+20.7%	$222.0M+60.9%	$138.0M+3.8%	$133.0M
Income Tax	$1.1B+215.1%	-$923.0M-24.9%	-$739.0M-224.4%	$594.0M+590.7%	$86.0M
Net Income	$4.6B-9.3%	$5.0B+357.4%	-$2.0B-206.6%	$1.8B+1071.3%	$157.0M
EPS (Diluted)	$7.33-11.5%	$8.28+341.4%	$-3.43-146.9%	$7.32+1563.6%	$0.44

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$9.8B+44.2%	$6.8B+22.8%	$5.5B+5.0%	$5.3B-12.2%	$6.0B-14.5%	$7.0B-36.3%	$11.0B+325.7%	$2.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$166.0M+16.1%	$143.0M+5.9%	$135.0M-4.3%	$141.0M+18.5%	$119.0M+26.6%	$94.0M+19.0%	$79.0M+19.7%	$66.0M
Income Tax	$438.0M+14500.0%	$3.0M-98.8%	$243.0M+291.9%	$62.0M-76.2%	$261.0M-38.2%	$422.0M+126.0%	-$1.6B-766.7%	$243.0M
Net Income	$1.7B+175.6%	$630.0M+42.5%	$442.0M-70.3%	$1.5B+74.2%	$853.0M-40.2%	$1.4B-48.2%	$2.8B+304.1%	$682.0M
EPS (Diluted)	$2.78+180.8%	$0.99+45.6%	$0.68-71.8%	$2.41+78.5%	$1.35-40.8%	$2.28-49.6%	$4.52+310.9%	$1.10

APO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$377.9B+20.5%	$313.5B+21.9%	$257.2B+743.3%	$30.5B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$17.1B-3.3%	$17.7B+97.0%	$9.0B+879.3%	$917.0M-41.1%	$1.6B
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.3B0.0%	$4.3B+0.2%	$4.3B+3594.0%	$117.0M	N/A
Total Liabilities	$346.9B+20.4%	$288.2B+19.2%	$241.8B+805.2%	$26.7B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.6B+30.8%	$8.1B+25.0%	$6.5B+106.5%	$3.1B	N/A
Total Equity	$17.3B+22.8%	$14.0B+111.5%	$6.6B+75.2%	$3.8B-31.3%	$5.5B
Retained Earnings	$6.0B+102.6%	$3.0B+395.1%	-$1.0B-188.0%	$1.1B	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$449.5B+7.1%	$419.6B+6.2%	$395.0B+4.5%	$377.9B+9.1%	$346.5B+3.7%	$334.1B+6.6%	$313.5B+10.7%	$283.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$21.2B+41.6%	$15.0B-3.5%	$15.5B-9.3%	$17.1B-4.8%	$18.0B-8.8%	$19.7B+11.4%	$17.7B+22.6%	$14.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	$4.3B	N/A	N/A	$4.3B	N/A
Total Liabilities	$409.7B+6.2%	$385.7B+6.3%	$362.7B+4.6%	$346.9B+9.1%	$318.1B+3.6%	$307.0B+6.5%	$288.2B+8.7%	$265.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$12.6B+4.0%	$12.1B+14.8%	$10.6B-0.1%	$10.6B+7.9%	$9.8B+2.3%	$9.6B+18.6%	$8.1B+15.2%	$7.0B
Total Equity	$23.1B+19.8%	$19.3B+7.5%	$18.0B+4.2%	$17.3B+13.0%	$15.3B+3.3%	$14.8B+5.3%	$14.0B+66.4%	$8.4B
Retained Earnings	$7.3B+23.4%	$5.9B+5.1%	$5.6B-6.4%	$6.0B+37.6%	$4.4B+13.3%	$3.9B+29.9%	$3.0B+455.5%	$535.0M

APO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.3B-48.5%	$6.3B+66.9%	$3.8B+256.1%	$1.1B+165.8%	-$1.6B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$61.8B-45.7%	-$42.4B-80.9%	-$23.4B-1410.6%	-$1.6B-85.2%	-$838.0M
Financing Cash Flow	$58.0B+36.0%	$42.6B+48.5%	$28.7B+26239.4%	$109.0M-96.7%	$3.3B
Dividends Paid	$1.1B+7.9%	$1.0B+5.2%	$962.0M+86.1%	$517.0M-6.0%	$550.0M
Share Buybacks	$890.0M+58.6%	$561.0M-11.7%	$635.0M+112.4%	$299.0M+225.0%	$92.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$303.0M-76.0%	$1.3B+24.7%	$1.0B+25400.0%	-$4.0M-100.3%	$1.3B+1804.3%	$70.0M-96.6%	$2.1B+667.0%	-$364.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$13.2B+32.6%	-$19.6B-16.2%	-$16.9B-3.9%	-$16.3B-10.5%	-$14.7B+10.3%	-$16.4B-11.6%	-$14.7B-43.8%	-$10.2B
Financing Cash Flow	$19.2B+7.6%	$17.8B+24.8%	$14.3B-9.3%	$15.7B+35.3%	$11.6B-36.6%	$18.3B+15.5%	$15.9B+55.4%	$10.2B
Dividends Paid	$306.0M0.0%	$306.0M+10.1%	$278.0M+0.4%	$277.0M-0.7%	$279.0M+7.7%	$259.0M0.0%	$259.0M+1.2%	$256.0M
Share Buybacks	$340.0M	$0-100.0%	$193.0M+89.2%	$102.0M+36.0%	$75.0M-71.2%	$260.0M+900.0%	$26.0M	$0

APO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	17.5%+2.1pp	15.5%+33.3pp	-17.9%-48.8pp	30.9%+24.2pp	6.7%
Return on Equity	26.5%-9.4pp	35.9%	N/A	48.5%+45.7pp	2.9%
Return on Assets	1.2%-0.4pp	1.6%+2.4pp	-0.8%-6.8pp	6.0%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.61+0.0	0.58-0.4	0.97+0.1	0.83	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.7%+8.4pp	9.3%+1.3pp	8.0%-20.2pp	28.1%+14.0pp	14.2%-6.1pp	20.3%-4.7pp	24.9%-1.3pp	26.3%
Return on Equity	7.5%+4.2pp	3.3%+0.8pp	2.5%-6.2pp	8.6%+3.0pp	5.6%-4.1pp	9.7%-10.0pp	19.6%+11.5pp	8.1%
Return on Assets	0.4%+0.2pp	0.1%+0.0pp	0.1%-0.3pp	0.4%+0.1pp	0.3%-0.2pp	0.4%-0.5pp	0.9%+0.6pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.55-0.1	0.63+0.0	0.59-0.0	0.61-0.0	0.640.0	0.65+0.1	0.58-0.3	0.83
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Apollo Global Mgmt Inc's annual revenue?

Apollo Global Mgmt Inc (APO) reported $26.1B in total revenue for fiscal year 2024. This represents a -20.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Apollo Global Mgmt Inc's revenue growing?

Apollo Global Mgmt Inc (APO) revenue declined by 20% year-over-year, from $32.6B to $26.1B in fiscal year 2024.

Is Apollo Global Mgmt Inc profitable?

Yes, Apollo Global Mgmt Inc (APO) reported a net income of $4.6B in fiscal year 2024, with a net profit margin of 17.5%.

What is Apollo Global Mgmt Inc's earnings per share (EPS)?

Apollo Global Mgmt Inc (APO) reported diluted earnings per share of $7.33 for fiscal year 2024. This represents a -11.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Apollo Global Mgmt Inc have?

As of fiscal year 2024, Apollo Global Mgmt Inc (APO) had $17.1B in cash and equivalents against $10.6B in long-term debt.

What is Apollo Global Mgmt Inc's net profit margin?

Apollo Global Mgmt Inc (APO) had a net profit margin of 17.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Apollo Global Mgmt Inc pay dividends?

Yes, Apollo Global Mgmt Inc (APO) paid $1.81 per share in dividends during fiscal year 2024.

What is Apollo Global Mgmt Inc's return on equity (ROE)?

Apollo Global Mgmt Inc (APO) has a return on equity of 26.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Apollo Global Mgmt Inc's operating cash flow?

Apollo Global Mgmt Inc (APO) generated $3.3B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Apollo Global Mgmt Inc's total assets?

Apollo Global Mgmt Inc (APO) had $377.9B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Apollo Global Mgmt Inc buy back shares?

Yes, Apollo Global Mgmt Inc (APO) spent $890.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Apollo Global Mgmt Inc have outstanding?

Apollo Global Mgmt Inc (APO) had 566M shares outstanding as of fiscal year 2024.

What is Apollo Global Mgmt Inc's debt-to-equity ratio?

Apollo Global Mgmt Inc (APO) had a debt-to-equity ratio of 0.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Apollo Global Mgmt Inc's return on assets (ROA)?

Apollo Global Mgmt Inc (APO) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Apollo Global Mgmt Inc's Piotroski F-Score?

Apollo Global Mgmt Inc (APO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Apollo Global Mgmt Inc's earnings high quality?

Apollo Global Mgmt Inc (APO) has an earnings quality ratio of 0.71x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.