What is Apollo Global Management, Inc.'s earnings per share (EPS)?

Apollo Global Management, Inc. (APO) reported diluted earnings per share of $5.54 for fiscal year 2025. This represents a -24.4% 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.

Apollo Global Management, Inc. (APO) Financials

APO

Trailing 12 months to June 30, 2026

Revenue $35.9B +41.2% YoY

Net Income $1.8B -45.7% YoY

EPS (Diluted) $2.73 -49.0% YoY

Operating Cash Flow $9.5B +129.7% YoY

Market Cap $67.3B as of Oct 3, 2026

Price / Sales 1.9x on $35.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 37.9x on $1.8B net income, trailing 12 months to June 30, 2026

Price / Book 3.2x on $21.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the APO SEC filings page.

Apollo Global Management, Inc. (APO) reported $35.9B in revenue over the twelve months to Jun 30, 2026, up 41.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Rhea AI APO FY2025 2026-10-03

Apollo’s reported balance sheet expanded rapidly, while earnings remained positive but stepped down as liabilities grew alongside assets.

Between FY2023 and FY2025, total assets rose sharply, moving from $313.5B to $460.9B. Over the same span, liabilities grew far more than equity, so balance-sheet expansion was funded predominantly through obligations rather than shareholder capital.

Reported net income moved from $5.0B in FY2023 to $3.4B in FY2025. By FY2025, total assets stood at $460.9B, making the earnings decline notable against a larger balance sheet: earnings did not scale with reported assets.

The period also contains a net loss of $2.0B in FY2022 followed by net income of $5.0B in FY2023, a sharp reversal that makes any single year an incomplete picture. Reported results are volatile across periods, while the asset base continues expanding.

Financial Health Signals

Financial health score not available

Apollo Global Management, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Apollo Global Management, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.13x

For every $1 of reported earnings, Apollo Global Management, Inc. generates $2.13 in operating cash flow ($7.2B OCF vs $3.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.2B

YoY+63.7%

QoQ+120.5%

5Y CAGR+51.8%

Apollo Global Management, Inc. generated $11.2B in revenue in Q2 2026. This represents an increase of 63.7% from the same quarter a year earlier. Against the prior quarter it is up 120.5%.

Net Income

$1.4B

YoY+116.0%

QoQ+171.4%

5Y CAGR+15.6%

Apollo Global Management, Inc. reported $1.4B in net income in Q2 2026. This represents an increase of 116.0% from the same quarter a year earlier. Against the prior quarter it is up 171.4%.

EPS (Diluted)

$2.15

YoY+117.2%

QoQ+165.7%

5Y CAGR-4.5%

Apollo Global Management, Inc. earned $2.15 per diluted share (EPS) in Q2 2026. This represents an increase of 117.2% from the same quarter a year earlier. Against the prior quarter it is up 165.7%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$28.4B

YoY+89.8%

QoQ+19.7%

5Y CAGR+73.2%

Apollo Global Management, Inc. held $28.4B in cash against $13.7B in long-term debt as of Q2 2026.

Dividends Per Share

$0.56

YoY+10.3%

QoQ+10.3%

Apollo Global Management, Inc. paid $0.56 per share in dividends in Q2 2026. This represents an increase of 10.3% from the same quarter a year earlier. Against the prior quarter it is up 10.3%.

Shares Outstanding

591M

YoY+3.2%

QoQ+2.4%

Apollo Global Management, Inc. had 591M shares outstanding in Q2 2026. This represents an increase of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

12.2%

YoY+2.9pp

QoQ+49.9pp

5Y change-35.4pp

Apollo Global Management, Inc.'s net profit margin was 12.2% in Q2 2026, showing the share of revenue converted to profit. This is up 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 49.9 percentage points.

Return on Equity

6.5%

YoY+3.2pp

QoQ+16.0pp

Apollo Global Management, Inc.'s ROE was 6.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.0 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$97.0M

QoQ-84.7%

5Y CAGR-4.6%

Apollo Global Management, Inc. spent $97.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 84.7%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

APO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

APO quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Revenue	$35.9B	$32.0B+22.7%	$26.1B-20.0%	$32.6B+197.6%	$11.0B+84.3%	$6.0B+152.8%	$2.4B
Interest Expense	$709.0M	$618.0M+30.4%	$474.0M+76.9%	$268.0M+20.7%	$222.0M+60.9%	$138.0M+3.8%	$133.0M
Income Tax	$3.1B	$1.3B+20.2%	$1.1B+215.1%	-$923.0M-24.9%	-$739.0M-224.4%	$594.0M+590.7%	$86.0M
Net Income	$1.8B	$3.4B-24.2%	$4.5B-10.4%	$5.0B+355.0%	-$2.0B-208.8%	$1.8B+1047.8%	$157.0M
EPS (Basic)	N/A	$5.58-24.5%	$7.39-11.2%	$8.32+342.6%	-$3.43-146.9%	$7.32+1563.6%	$0.44
EPS (Diluted)	$2.73	$5.54-24.4%	$7.33-11.5%	$8.28+341.4%	-$3.43	$7.32+1563.6%	$0.44
Diluted Shares (Avg)	N/A	594M-1.7%	604M+2.6%	589M+0.7%	585M	237M+4.0%	228M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$11.2B+63.7%	$5.1B-8.8%	$9.9B+86.7%	$9.8B+26.4%	$6.8B+13.2%	$5.5B-21.2%	$5.3B-52.2%	$7.8B+199.5%
Interest Expense	$190.0M+32.9%	$179.0M+32.6%	$174.0M+23.4%	$166.0M+38.3%	$143.0M+20.2%	$135.0M+43.6%	$141.0M+78.5%	$120.0M+81.8%
Income Tax	$396.0M+13100.0%	$1.7B+597.1%	$592.0M+854.8%	$438.0M+38.2%	$3.0M-98.9%	$243.0M-42.4%	$62.0M+103.8%	$317.0M+30.5%
Net Income	$1.4B+116.0%	-$1.9B-531.2%	$587.0M-57.7%	$1.7B+114.1%	$630.0M-26.1%	$442.0M-69.0%	$1.4B-48.7%	$811.0M+18.9%
EPS (Basic)	$2.18+118.0%	-$3.27-580.9%	$1.07-56.0%	$2.82+116.9%	$1.00-26.5%	$0.68-70.6%	$2.43-46.6%	$1.30+18.2%
EPS (Diluted)	$2.15+117.2%	-$3.27-580.9%	$1.07-55.2%	$2.78+115.5%	$0.99-26.7%	$0.68-70.2%	$2.39-47.2%	$1.29+17.3%
Diluted Shares (Avg)	610M+3.4%	595M+0.3%	N/A	608M+3.3%	590M0.0%	593M-2.0%	N/A	589M+1.7%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

APO Balance Sheet

APO quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Total Assets	$460.9B+22.0%	$377.9B+20.5%	$313.5B+21.9%	$257.2B+743.3%	$30.5B	N/A
Cash & Equivalents	$20.6B+20.3%	$17.1B-3.3%	$17.7B+97.0%	$9.0B+879.3%	$917.0M-41.1%	$1.6B
Short-Term Investments	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0
Goodwill	$5.9B+36.8%	$4.3B0.0%	$4.3B+0.2%	$4.3B+3594.0%	$117.0M	N/A
Total Liabilities	$418.4B+20.6%	$346.9B+20.4%	$288.2B+19.2%	$241.8B+805.2%	$26.7B	N/A
Long-Term Debt	$13.4B+26.2%	$10.6B+30.8%	$8.1B+25.0%	$6.5B+106.5%	$3.1B	N/A
Total Equity	$23.3B+35.3%	$17.3B+22.8%	$14.0B+111.5%	$6.6B+75.2%	$3.8B-31.3%	$5.5B
Retained Earnings	$7.6B+26.8%	$6.0B+102.6%	$3.0B+395.1%	-$1.0B-188.0%	$1.1B	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$494.0B+17.8%	$467.5B+18.3%	$460.9B+22.0%	$449.5B+21.9%	$419.6B+21.1%	$395.0B+18.3%	$377.9B+20.5%	$368.7B+30.2%
Cash & Equivalents	$28.4B+89.8%	$23.7B+53.1%	$20.6B+20.3%	$21.2B+20.3%	$15.0B-16.7%	$15.5B-21.3%	$17.1B-3.3%	$17.6B+22.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$5.9B+36.8%	N/A	N/A	N/A	$4.3B0.0%	N/A
Total Liabilities	$452.6B+17.3%	$428.0B+18.0%	$418.4B+20.6%	$409.7B+21.5%	$385.7B+21.3%	$362.7B+18.1%	$346.9B+20.4%	$337.1B+27.1%
Long-Term Debt	$13.7B+13.0%	$14.2B+34.4%	$13.4B+26.2%	$12.6B+28.8%	$12.1B+23.7%	$10.6B+10.3%	$10.6B+30.8%	$9.8B+39.6%
Total Equity	$21.0B+8.7%	$20.0B+11.0%	$23.3B+35.3%	$23.1B+29.5%	$19.3B+26.5%	$18.0B+21.6%	$17.3B+22.8%	$17.9B+111.6%
Retained Earnings	$6.1B+3.9%	$5.2B-8.5%	$7.6B+26.8%	$7.3B+50.2%	$5.9B+35.3%	$5.6B+45.9%	$6.0B+102.6%	$4.9B+809.3%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

APO Cash Flow Statement

APO quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Cash Flow	$9.5B	$7.2B+122.7%	$3.3B-48.5%	$6.3B+66.9%	$3.8B+256.1%	$1.1B+165.8%	-$1.6B
Depreciation & Amortization	N/A	$1.4B+33.1%	$1.1B+33.9%	$803.0M+51.8%	$529.0M+1859.3%	$27.0M+42.1%	$19.0M
Stock-Based Compensation	N/A	$789.0M+9.4%	$721.0M-29.7%	$1.0B+90.0%	$540.0M-54.3%	$1.2B+454.5%	$213.0M
Investing Cash Flow	-$51.3B	-$64.0B-3.5%	-$61.8B-45.7%	-$42.4B-80.9%	-$23.4B-1410.6%	-$1.6B-85.2%	-$838.0M
Financing Cash Flow	$55.3B	$60.2B+3.8%	$58.0B+36.0%	$42.6B+48.5%	$28.7B+26239.4%	$109.0M-96.7%	$3.3B
Dividends Paid	$1.3B	$1.2B+10.0%	$1.1B+7.9%	$1.0B+5.2%	$962.0M+86.1%	$517.0M-6.0%	$550.0M
Share Buybacks	$1.3B	$773.0M-13.1%	$890.0M+58.6%	$561.0M-11.7%	$635.0M+112.4%	$299.0M+225.0%	$92.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$2.9B+128.3%	$1.6B+60.1%	$4.7B+116825.0%	$303.0M-83.7%	$1.3B-5.3%	$1.0B+1345.7%	-$4.0M-100.2%	$1.9B+609.3%
Depreciation & Amortization	$414.0M+24.7%	$397.0M+28.9%	$391.0M+32.1%	$400.0M+42.3%	$332.0M+27.7%	$308.0M+29.4%	$296.0M+36.4%	$281.0M+16.6%
Stock-Based Compensation	$246.0M+48.2%	$232.0M+55.7%	N/A	$208.0M+52.9%	$166.0M+8.5%	$149.0M-21.2%	N/A	$136.0M-4.2%
Investing Cash Flow	-$15.5B+20.8%	-$8.3B+50.7%	-$14.2B+12.5%	-$13.2B+8.5%	-$19.6B-33.5%	-$16.9B-3.1%	-$16.3B-10.6%	-$14.5B-41.7%
Financing Cash Flow	$17.3B-2.7%	$9.9B-30.8%	$8.9B-43.2%	$19.2B+56.4%	$17.8B+53.1%	$14.3B-22.2%	$15.7B-0.9%	$12.3B+19.9%
Dividends Paid	$342.0M+11.8%	$312.0M+12.2%	$311.0M+12.3%	$306.0M+10.5%	$306.0M+9.7%	$278.0M+7.3%	$277.0M+6.9%	$277.0M+8.2%
Share Buybacks	$97.0M	$632.0M+227.5%	$240.0M+135.3%	$340.0M-24.9%	$0-100.0%	$193.0M-25.8%	$102.0M+292.3%	$453.0M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

APO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

APO quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Net Margin	10.6%-6.6pp	17.2%+1.8pp	15.3%+33.2pp	-17.9%-48.2pp	30.3%+23.6pp	6.7%
Return on Equity	14.5%-11.4pp	26.0%-9.6pp	35.6%+65.1pp	-29.5%-77.1pp	47.6%+44.7pp	2.9%
Return on Assets	0.7%-0.5pp	1.2%-0.4pp	1.6%+2.4pp	-0.8%-6.7pp	5.9%	N/A
Debt-to-Equity	0.570.0x	0.610.0x	0.58-0.4x	0.97+0.1x	0.83	N/A
Asset Turnover	0.070.0x	0.070.0x	0.10+0.1x	0.04-0.2x	0.20	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	12.2%+2.9pp	-37.7%-45.6pp	5.9%-20.3pp	17.7%+7.2pp	9.3%-4.9pp	8.0%-12.3pp	26.3%+1.8pp	10.4%-15.8pp
Return on Equity	6.5%+3.2pp	-9.6%-12.0pp	2.5%-5.5pp	7.5%+3.0pp	3.3%-2.3pp	2.5%-7.2pp	8.1%-11.3pp	4.5%-3.5pp
Return on Assets	0.3%+0.1pp	-0.4%-0.5pp	0.1%-0.2pp	0.4%+0.2pp	0.1%-0.1pp	0.1%-0.3pp	0.4%-0.5pp	0.2%0.0pp
Debt-to-Equity	0.650.0x	0.71+0.1x	0.570.0x	0.550.0x	0.630.0x	0.59-0.1x	0.610.0x	0.55-0.3x
Asset Turnover	0.020.0x	0.010.0x	0.020.0x	0.020.0x	0.020.0x	0.010.0x	0.010.0x	0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Apollo Global Management, Inc. APO	FY2025	$32.0B	$3.4B	10.6%	$67.3B	—
Brookfield Corporation BN	FY2025	$75.1B	$3.2B	4.3%	$81.6B	18/100
Brookfield Asset Management Ltd. BAM	FY2025	$4.8B	$2.4B	49.8%	$71.2B	19/100
Ares Management Corporation ARES	FY2025	$4.8B	$426.1M	9.0%	$26.4B	16/100
KKR & Co. Inc. KKR	FY2025	$19.5B	$2.4B	12.2%	$81.9B	14/100
Ameriprise Financial, Inc. AMP	FY2025	$18.5B	$3.6B	19.3%	$43.5B	27/100

Where Apollo Global Management, Inc. Ranks

Frequently Asked Questions

What is Apollo Global Management, Inc.'s annual revenue?

Apollo Global Management, Inc. (APO) reported $32.0B in total revenue for fiscal year 2025. This represents a 22.7% 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 Management, Inc.'s revenue growing?

Apollo Global Management, Inc. (APO) revenue grew by 22.7% year-over-year, from $26.1B to $32.0B in fiscal year 2025.

Is Apollo Global Management, Inc. profitable?

Yes, Apollo Global Management, Inc. (APO) reported a net income of $3.4B in fiscal year 2025, with a net profit margin of 10.6%.

How much debt does Apollo Global Management, Inc. have?

As of fiscal year 2025, Apollo Global Management, Inc. (APO) had $20.6B in cash and equivalents against $13.4B in long-term debt.

What is Apollo Global Management, Inc.'s net profit margin?

Apollo Global Management, Inc. (APO) had a net profit margin of 10.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Apollo Global Management, Inc. pay dividends?

Yes, Apollo Global Management, Inc. (APO) paid $1.99 per share in dividends during fiscal year 2025.

What is Apollo Global Management, Inc.'s return on equity (ROE)?

Apollo Global Management, Inc. (APO) has a return on equity of 14.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Apollo Global Management, Inc.'s operating cash flow?

Apollo Global Management, Inc. (APO) generated $7.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Apollo Global Management, Inc.'s total assets?

Apollo Global Management, Inc. (APO) had $460.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Apollo Global Management, Inc. buy back shares?

Yes, Apollo Global Management, Inc. (APO) spent $773.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Apollo Global Management, Inc. have outstanding?

Apollo Global Management, Inc. (APO) had 578M shares outstanding as of fiscal year 2025.

What is Apollo Global Management, Inc.'s debt-to-equity ratio?

Apollo Global Management, Inc. (APO) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Apollo Global Management, Inc.'s return on assets (ROA)?

Apollo Global Management, Inc. (APO) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Apollo Global Management, Inc.'s P/E ratio?

Apollo Global Management, Inc. (APO) trades at 37.9x earnings, its market capitalization divided by net income of $1.8B net income, trailing 12 months to June 30, 2026. The market capitalization is $67.3B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Apollo Global Management, Inc.'s price-to-sales ratio?

Apollo Global Management, Inc. (APO) trades at 1.9x sales, its market capitalization divided by revenue of $35.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $67.3B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Apollo Global Management, Inc.'s Piotroski F-Score?

Apollo Global Management, Inc. (APO) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Apollo Global Management, Inc.'s earnings high quality?

Apollo Global Management, Inc. (APO) has an earnings quality ratio of 2.13x, considered cash-backed (high 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.