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

Apollo Global (APOS) 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 Financials

APOS

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Apollo Global (APOS) financial statements, including the 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 APOS FY2025 2026-04-22

APOS runs on balance-sheet expansion, where funded asset growth matters more than reported revenue in shaping economics.

FY2025 operating cash flow reached $7.2B versus net income of $3.5B, so statutory earnings did not fully capture the cash produced by the underlying asset base. But expansion capital still came mainly from funding markets: $64.0B of investing outflow was nearly matched by $60.2B of financing inflow.

This is a balance-sheet-heavy model: FY2025 assets were $460.9B while return on assets was only 0.8%. That pairing means modest shifts in asset yield or funding cost can move results more than revenue alone would suggest, because so much capital is deployed to earn relatively thin returns per asset dollar.

Book equity rose from $6.6B to $23.3B, giving the company a thicker capital cushion even as liabilities kept expanding. At the same time, interest expense climbed to $618M, so the larger platform is still closely tied to leverage economics rather than functioning like an asset-light business.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Apollo Global's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Apollo Global's revenue surged 22.7% year-over-year to $32.0B, reflecting rapid business expansion. This strong growth earns a score of 32/100.

Leverage

Apollo Global carries a low D/E ratio of 0.57, meaning only $0.57 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.

Returns

Apollo Global's ROE of 14.5% shows moderate profitability relative to equity, earning a score of 60/100. This is down from 26.0% the prior year.

Piotroski F-Score Neutral

4/9

Apollo Global passes 4 of 9 financial strength tests. 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 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

$32.0B

YoY+22.7%

5Y CAGR+68.6%

Apollo Global generated $32.0B in revenue in fiscal year 2025. This represents an increase of 22.7% from the prior year.

EBITDA

N/A

Net Income

$3.4B

YoY-24.2%

5Y CAGR+84.9%

Apollo Global reported $3.4B in net income in fiscal year 2025. This represents a decrease of 24.2% from the prior year.

EPS (Diluted)

$5.54

YoY-24.4%

5Y CAGR+66.0%

Apollo Global earned $5.54 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 24.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$20.6B

YoY+20.3%

5Y CAGR+67.6%

Apollo Global held $20.6B in cash against $13.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.99

YoY+9.9%

5Y CAGR-2.9%

Apollo Global paid $1.99 per share in dividends in fiscal year 2025. This represents an increase of 9.9% from the prior year.

Shares Outstanding

579M

YoY+2.3%

Apollo Global had 579M shares outstanding in fiscal year 2025. This represents an increase of 2.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

10.6%

YoY-6.6pp

5Y CAGR+3.9pp

Apollo Global's net profit margin was 10.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.6 percentage points from the prior year.

Return on Equity

14.5%

YoY-11.4pp

5Y CAGR+11.7pp

Apollo Global's ROE was 14.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$773.0M

YoY-13.1%

5Y CAGR+53.1%

Apollo Global spent $773.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 13.1% from the prior year.

Capital Expenditures

N/A

APOS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$32.0B+22.7%	$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	N/A
Gross Profit	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
SG&A Expenses	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
Interest Expense	$618.0M+30.4%	$474.0M+76.9%	$268.0M+20.7%	$222.0M+60.9%	$138.0M+3.8%	$133.0M
Income Tax	$1.3B+20.2%	$1.1B+215.1%	-$923.0M-24.9%	-$739.0M-224.4%	$594.0M+590.7%	$86.0M
Net Income	$3.4B-24.2%	$4.5B-10.4%	$5.0B+355.0%	-$2.0B-208.8%	$1.8B+1047.8%	$157.0M
EPS (Diluted)	$5.54-24.4%	$7.33-11.5%	$8.28+341.4%	$-3.43-146.9%	$7.32+1563.6%	$0.44

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$5.1B-48.7%	$9.9B+0.4%	$9.8B+44.2%	$6.8B+22.8%	$5.5B+5.0%	$5.3B-32.0%	$7.8B+29.2%	$6.0B
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	$179.0M+2.9%	$174.0M+4.8%	$166.0M+16.1%	$143.0M+5.9%	$135.0M-4.3%	$141.0M+17.5%	$120.0M+0.8%	$119.0M
Income Tax	$1.7B+186.1%	$592.0M+35.2%	$438.0M+14500.0%	$3.0M-98.8%	$243.0M+291.9%	$62.0M-80.4%	$317.0M+21.5%	$261.0M
Net Income	-$1.9B-424.7%	$587.0M-66.2%	$1.7B+175.6%	$630.0M+42.5%	$442.0M-68.2%	$1.4B+71.3%	$811.0M-4.9%	$853.0M
EPS (Diluted)	$-3.27	N/A	$2.78+180.8%	$0.99+45.6%	$0.68	N/A	$1.29-4.4%	$1.35

APOS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$460.9B+22.0%	$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	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
Inventory	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
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
Current Liabilities	N/A	N/A	N/A	N/A	N/A	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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$467.5B+1.4%	$460.9B+2.5%	$449.5B+7.1%	$419.6B+6.2%	$395.0B+4.5%	$377.9B+2.5%	$368.7B+6.4%	$346.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.7B+15.3%	$20.6B-2.9%	$21.2B+41.6%	$15.0B-3.5%	$15.5B-9.3%	$17.1B-2.9%	$17.6B-2.0%	$18.0B
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	$5.9B	N/A	N/A	N/A	$4.3B	N/A	N/A
Total Liabilities	$428.0B+2.3%	$418.4B+2.1%	$409.7B+6.2%	$385.7B+6.3%	$362.7B+4.6%	$346.9B+2.9%	$337.1B+6.0%	$318.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$14.2B+6.4%	$13.4B+5.8%	$12.6B+4.0%	$12.1B+14.8%	$10.6B-0.1%	$10.6B+8.0%	$9.8B-0.1%	$9.8B
Total Equity	$20.0B-14.5%	$23.3B+0.9%	$23.1B+19.8%	$19.3B+7.5%	$18.0B+4.2%	$17.3B-3.4%	$17.9B+17.0%	$15.3B
Retained Earnings	$5.2B-32.4%	$7.6B+4.5%	$7.3B+23.4%	$5.9B+5.1%	$5.6B-6.4%	$6.0B+23.8%	$4.9B+11.2%	$4.4B

APOS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$7.2B+122.7%	$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	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$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	$60.2B+3.8%	$58.0B+36.0%	$42.6B+48.5%	$28.7B+26239.4%	$109.0M-96.7%	$3.3B
Dividends Paid	$1.2B+10.0%	$1.1B+7.9%	$1.0B+5.2%	$962.0M+86.1%	$517.0M-6.0%	$550.0M
Share Buybacks	$773.0M-13.1%	$890.0M+58.6%	$561.0M-11.7%	$635.0M+112.4%	$299.0M+225.0%	$92.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.6B-65.3%	$4.7B+1440.9%	$303.0M-76.0%	$1.3B+24.7%	$1.0B+25400.0%	-$4.0M-100.2%	$1.9B+39.1%	$1.3B
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	-$8.3B+41.4%	-$14.2B-7.4%	-$13.2B+32.6%	-$19.6B-16.2%	-$16.9B-3.9%	-$16.3B-12.3%	-$14.5B+1.6%	-$14.7B
Financing Cash Flow	$9.9B+10.3%	$8.9B-53.3%	$19.2B+7.6%	$17.8B+24.8%	$14.3B-9.3%	$15.7B+28.5%	$12.3B+5.3%	$11.6B
Dividends Paid	$312.0M+0.3%	$311.0M+1.6%	$306.0M0.0%	$306.0M+10.1%	$278.0M+0.4%	$277.0M0.0%	$277.0M-0.7%	$279.0M
Share Buybacks	$632.0M+163.3%	$240.0M-29.4%	$340.0M	$0-100.0%	$193.0M+89.2%	$102.0M-77.5%	$453.0M+504.0%	$75.0M

APOS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
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
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.57-0.0	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	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	-37.7%-43.6pp	5.9%-11.7pp	17.7%+8.4pp	9.3%+1.3pp	8.0%-18.3pp	26.3%+15.9pp	10.4%-3.7pp	14.2%
Return on Equity	-9.6%-12.1pp	2.5%-5.0pp	7.5%+4.2pp	3.3%+0.8pp	2.5%-5.6pp	8.1%+3.5pp	4.5%-1.0pp	5.6%
Return on Assets	-0.4%-0.5pp	0.1%-0.3pp	0.4%+0.2pp	0.1%+0.0pp	0.1%-0.3pp	0.4%+0.1pp	0.2%-0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.71+0.1	0.57+0.0	0.55-0.1	0.63+0.0	0.59-0.0	0.61+0.1	0.55-0.1	0.64
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Apollo Global's annual revenue?

Apollo Global (APOS) 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's revenue growing?

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

Is Apollo Global profitable?

Yes, Apollo Global (APOS) 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 have?

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

What is Apollo Global's net profit margin?

Apollo Global (APOS) 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 pay dividends?

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

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

Apollo Global (APOS) 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's operating cash flow?

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

What are Apollo Global's total assets?

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

Does Apollo Global buy back shares?

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

How many shares does Apollo Global have outstanding?

Apollo Global (APOS) had 579M shares outstanding as of fiscal year 2025.

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

Apollo Global (APOS) 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's return on assets (ROA)?

Apollo Global (APOS) 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's Piotroski F-Score?

Apollo Global (APOS) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Apollo Global's earnings high quality?

Apollo Global (APOS) 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.

How financially healthy is Apollo Global?

Apollo Global (APOS) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.