NYSE · Financial Statements

Apollo Global Management, Inc. (New) (APO) Financial Statements

$112.83 NYSE: APO Market Cap $66.63B

Apollo Global Management, Inc. (New) most recently reported annual revenue of $32.0B, net profit of $3.5B. Revenue grew at an average annual rate of 68.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Apollo Global Management, Inc. (New): Revenue rose from $2.1B in 2016 to $32.0B in 2025, a change of +1445.3% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 47.1% to 25.8%, a shift of -21.4 percentage points; the most recent year shows net profit of $3.5B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.1B$2.8B$1.1B$2.9B$2.4B$6.0B$11.0B$32.6B$26.1B$32.0B
Operating Expenses$1.1B$1.3B$841.0M$1.6B$1.4B$4.0B$15.3B$26.5B$17.8B$23.8B
Operating Profit$977.0M$1.5B$252.0M$1.3B$908.0M$2.0B$-4.4B$6.1B$8.3B$8.3B
Operating Margin47.1%53.3%23.0%45.7%38.6%33.2%-39.9%18.8%31.8%25.8%
Other Income$84.0M$291.0M$-146.0M$67.0M$-355.0M$2.9B$129.0M$-560.0M$-864.0M$-1.6B
Interest$43.0M$53.0M$91.0M$127.0M$381.0M$907.0M$124.0M$258.0M$226.0M$370.0M
Depreciation$19.0M$18.0M$15.0M$16.0M$19.0M$27.0M$529.0M$803.0M$1.1B$1.4B
Profit Before Tax$1.1B$1.8B$105.0M$1.4B$553.0M$4.9B$-4.2B$5.6B$7.4B$6.7B
Tax$8.6M$18.4M$81.7M$-9.2M$15.6M$12.2M$17.4M$-16.5M$14.3M$19.1M
Net Profit$388.0M$608.0M$-28.0M$808.0M$157.0M$1.8B$-2.0B$4.9B$4.4B$3.5B
EPS$2.11$3.10$-0.30$3.71$0.44$7.32$-3.43$8.28$7.33$5.54
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.6B$11.0B$7.0B$6.0B$7.8B$5.3B$5.5B$6.8B$9.8B$9.9B$5.1B$11.2B
Operating Expenses$1.5B$8.9B$4.6B$4.3B$5.5B$3.4B$4.0B$5.4B$6.7B$7.8B$4.3B$8.6B
Operating Profit$1.1B$2.1B$2.4B$1.7B$2.3B$1.9B$1.5B$1.4B$3.2B$2.1B$794.0M$2.6B
Operating Margin42.0%19.1%34.2%28.5%29.0%36.4%27.6%21.3%32.3%21.3%15.7%23.2%
Interest$64.0M$80.0M$76.0M$89.0M$82.0M$92.0M$81.0M$79.0M$94.0M$116.0M$135.0M$88.0M
Profit Before Tax$883.0M$2.0B$2.2B$1.4B$2.1B$1.7B$1.2B$845.0M$2.9B$1.8B$283.0M$2.5B
Tax$27.5M$-82.6M$19.3M$18.1M$15.2M$3.6M$20.6M$360,000$15.1M$33.8M$598.6M$15.9M
Net Profit$658.0M$2.8B$1.4B$822.0M$782.0M$1.4B$442.0M$630.0M$1.7B$684.0M$-1.9B$1.4B
EPS$1.10$4.65$2.28$1.35$1.29$2.39$0.68$0.99$2.78$2.78$-3.24$2.15

Over the 10 years reported for Apollo Global Management, Inc. (New), borrowings increased from $2.1B in 2016 to $13.4B in 2025, cash stood at $19.2B in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.78 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$5.6B$7.0B$6.0B$8.5B$23.7B$30.5B$257.2B$313.5B$377.9B$460.9B
Current Assets$2.5B$1.4B$1.1B$2.1B$3.0B$2.6B$133.9B$176.6B$215.7B$260.4B
Cash$855.0M$480.0M$659.0M$1.6B$2.4B$1.4B$9.5B$15.9B$16.2B$19.2B
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$1.5B$315.0M$395.0M$466.0M$511.0M$490.0M$4.8B$4.6B$8.8B$10.9B
Fixed Assets$25.0M$19.0M$20.0M$233.0M$375.0M$577.0M$877.0M$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$2.4B$5.5B$4.3B$5.4B$19.1B$26.1B$216.8B$261.0B$315.3B$386.6B
Other Assets$89.0M$89.0M$89.0M$94.0M$117.0M$117.0M$4.3B$4.3B$4.3B$5.9B
Total Liabilities$3.8B$4.1B$3.5B$5.5B$17.4B$18.5B$241.8B$288.2B$346.9B$418.4B
Current Liabilities$1.8B$1.7B$1.1B$1.5B$1.6B$4.1B$184.3B$216.4B$269.6B$331.9B
Borrowings$2.1B$2.4B$2.2B$3.7B$14.6B$14.2B$7.2B$8.1B$10.6B$13.4B
Other Liabilities$1.6B$1.7B$1.3B$1.8B$2.8B$4.3B$234.6B$280.2B$336.3B$405.1B
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$835.0M$1.5B$1.4B$1.9B$1.4B$3.8B$6.6B$14.0B$17.3B$23.3B

For Apollo Global Management, Inc. (New), operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $7.5B; free cash flow was positive in 9 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$615.0M$808.0M$814.0M$1.1B$-1.6B$1.1B$3.8B$6.3B$3.3B$7.5B
Investing Cash Flow$-189.0M$-426.0M$-262.0M$-303.0M$-897.0M$-1.6B$-23.6B$-42.4B$-61.8B$-61.2B
Financing Cash Flow$-329.0M$-448.0M$-515.0M$-702.0M$607.0M$296.0M$28.0B$41.1B$56.5B$56.0B
Net Cash Flow$196.0M$-62.0M$-185.0M$958.0M$845.0M$-378.0M$9.0B$6.6B$-579.0M$3.5B
Free Cash Flow$609.0M$800.0M$800.0M$1.0B$-1.7B$999.0M$3.6B$6.3B$3.3B$7.5B

Valuation & Return Ratios

MetricValue
PEG Ratio-1.80
EV / EBITDA5.87
FCF Yield11.65%
Quick Ratio3.21
Interest Coverage20.04
Return 1Y-6.79%
Return 3Y40.68%
Return 5Y58.53%

Apollo Global Management, Inc. (New) (APO) financials — frequently asked questions

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

Apollo Global Management, Inc. (New) (APO) reported annual revenue of $32.0B in its most recent fiscal year.

What is Apollo Global Management, Inc. (New)'s net profit?

Apollo Global Management, Inc. (New) (APO) reported net profit of $3.5B in its most recent fiscal year.

What is APO EV/EBITDA?

Apollo Global Management, Inc. (New)'s enterprise value to EBITDA (EV/EBITDA) ratio is 5.87.

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