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Stocks APO

Apollo Global Management APO

US equityMarket cap rank #235
$119.66
−$4.70 (-3.78%)
Market open · Sep 24, 1:10 pm ET
After hours $123.68 -0.55%
Open$123.94
Prev close$124.36
Day range$118.50 – $124.04
Volume2.00M
Market cap$70.66B
P/E (TTM)42.6
Dividend yield1.75%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$11.15B+63.7% YoY
Operating profit$2.85B+96.8% YoY
Net profit$2.09B+148.1% YoY
Diluted EPS$2.15+117.2% YoY
Free cash flow$2.88B+128.3% YoY
Operating cash flow$2.88B

Revenue, last 8 quarters

$7.8BSep '24$5.3BDec '24$5.6BMar '25$6.8BJun '25$9.8BSep '25$9.9BDec '25$5.1BMar '26$11.2BJun '26

Net profit, last 8 quarters

$1.8BSep '24$1.7BDec '24$938.0MMar '25$842.0MJun '25$2.5BSep '25$1.2BDec '25$-1.4BMar '26$2.1BJun '26

Diluted EPS by quarter

1.29Sep '242.39Dec '240.68Mar '250.99Jun '252.78Sep '251.07Dec '25-3.27Mar '262.15Jun '26

Free cash flow by quarter

$1.9BSep '24$-4.0MDec '24$1.0BMar '25$1.3BJun '25$303.0MSep '25$4.7BDec '25$1.6BMar '26$2.9BJun '26

Annual revenue

$2.4BFY20$6.0BFY21$11.0BFY22$32.6BFY23$26.1BFY24$32.0BFY25

Profitability & balance sheet

Gross margin95.4%
Operating margin24.9%
Net margin1.3%
Return on equity2.5%
Return on assets0.1%
Return on invested capital2.1%
Current ratio0.78
Liabilities / assets91.6%
Cash & investments$266.62B
Total debt$13.73B
Net cash (debt)$252.89B
Free cash flow / sales26.4%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Retirement Services$4.07B 36.1%
  • Premiums, product charges, investment related gains (losses) and other retirement services revenue$3.46B 30.7%
  • Asset Management$1.34B 11.9%
  • ACRA non-controlling interests on net investment earnings$1.31B 11.6%
  • Performance fees$323.00M 2.9%
  • Adjustments related to consolidated funds and VIEs$279.00M 2.5%
  • Equity awards granted by unconsolidated related parties, reimbursable expenses and other$238.00M 2.1%
  • Principal Investing$157.00M 1.4%
  • Change in fair value of reinsurance assets$106.00M 0.9%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $11.15B $5.06B $32.05B $9.86B $9.82B
Total Operating Revenue $11.15B $5.06B $32.05B $9.86B $9.82B
Cost of Revenue $435.00M $413.00M $1.44B $411.00M $376.00M
Gross Profit $10.72B $4.64B $30.61B $9.45B $9.45B
Operating Expense $7.87B $3.85B $22.35B $7.35B $6.28B
Selling and Admin Expenses $971.00M $737.00M $3.10B $933.00M $794.00M
-General & Admin Expense $971.00M $737.00M $3.10B $933.00M $794.00M
Other Operating Expenses $6.90B $3.12B $19.25B $6.42B $5.48B
Operating Profit $2.85B $794.00M $8.26B $2.11B $3.17B
Net Non-Operating Interest Income (Expense) -$120.00M -$42.00M -$239.00M -$59.00M -$59.00M
Non-Operating Interest Income $34.00M $55.00M $131.00M $57.00M $35.00M
Non-Operating Interest Expense $154.00M $135.00M $370.00M $116.00M $94.00M
Other Income (Expense) -$245.00M -$469.00M -$1.34B -$294.00M -$214.00M
Gain on Sale of Security $91.00M -$162.00M $36.00M -$2.00M $108.00M
Special Income (Charges) -$353.00M -$337.00M -$1.24B -$328.00M -$355.00M
-Less:Restructuring and Mergern & Acquisition $350.00M $337.00M $1.24B $328.00M $355.00M
-Less:Other Special Charges $3.00M
Other Non-Operating Income (Expenses) $17.00M $30.00M -$136.00M $36.00M $33.00M
Pretax Profit $2.49B $283.00M $6.68B $1.75B $2.90B
Tax $396.00M $1.69B $1.28B $592.00M $438.00M
Net Profit $2.09B -$1.41B $5.40B $1.16B $2.46B
Profit from Continuing Operations $2.09B -$1.41B $5.40B $1.16B $2.46B
Minority Interests $728.00M $495.00M $1.91B $476.00M $725.00M
Net Income to Parent Company $1.36B -$1.91B $3.49B $684.00M $1.74B
Preferred Stock Dividends $25.00M $24.00M $97.00M $24.00M $24.00M
Other Preferred Stock Dividends $371.00M $312.00M $1.25B $318.00M $339.00M
Net Income to Common Stockholders $965.00M -$2.24B $2.14B $342.00M $1.37B
Basic EPS $2.18 -$3.27 $5.58 $1.07 $2.82
Diluted EPS $2.15 -$3.27 $5.54 $1.07 $2.78
Dividend Per Share $0.56 $0.51 $1.99 $0.51 $0.51
Asset Impairment Loss -$2.00M
Total Other Finance Costs -$38.00M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $494.05B $467.53B $460.95B $460.95B $449.54B
Total Current Assets $280.11B $265.53B $260.36B $260.36B $259.59B
Cash and Cash Equivalents & Short-Term Investments $266.62B $253.18B $248.06B $248.06B $245.96B
-Cash and Cash Equivalents $26.82B $22.57B $19.24B $19.24B $18.42B
-Short Term Investments $239.80B $230.61B $228.82B $228.82B $227.55B
Receivables $11.89B $11.17B $10.95B $10.95B $10.84B
-Due from Related Parties Current $963.00M $861.00M $663.00M $663.00M $892.00M
-Other Receivables $10.93B $10.30B $10.28B $10.28B $9.95B
Restricted Cash $1.60B $1.18B $1.35B $1.35B $2.79B
Total Non-Current Assets $213.94B $202.00B $200.59B $200.59B $189.95B
Investments and Advances $168.23B $160.36B $157.78B $157.78B $147.39B
-Available for Sale Securities $697.00M $763.00M $1.09B $1.09B $1.31B
-Long Term Equity Investment $1.14B $1.33B $1.28B $1.28B $1.28B
Financial Assets $11.03B $8.35B $9.19B $9.19B $8.88B
Goodwill and Other Intangible Assets $5.91B $5.91B $5.92B $5.92B $5.90B
-Goodwill $5.91B $5.91B $5.92B $5.92B $5.90B
Non-Current Deferred Assets $9.28B $8.81B $8.63B $8.63B $8.37B
Other Non-Current Assets $19.48B $18.57B $19.07B $19.07B $19.41B
Total Liabilities $452.57B $428.00B $418.43B $418.43B $409.75B
Total Current Liabilities $361.10B $340.18B $331.90B $331.90B $324.30B
Payables $16.50B $13.68B $16.01B $16.01B $14.56B
-Accounts Payable $4.13B $3.86B $3.86B $3.86B $4.33B
-Due to Related Parties Current $1.17B $1.30B $1.06B $1.06B $1.17B
-Other Payable $11.20B $8.53B $11.09B $11.09B $9.07B
Current Deferred Liabilities $344.59B $326.50B $315.89B $315.89B $309.74B
Total Non-Current Liabilities $91.47B $87.81B $86.54B $86.54B $85.45B
Long Term Debt and Capital Lease Obligation $13.73B $14.22B $13.36B $13.36B $12.63B
-Long Term Debt $13.73B $14.22B $13.36B $13.36B $12.63B
Other Non-Current Liabilities $77.74B $73.59B $73.17B $73.17B $72.82B
Total Equity $41.48B $39.53B $42.52B $42.52B $39.80B
Stockholders' Equity $21.01B $19.95B $23.34B $23.34B $23.14B
Capital Stock $1.40B $1.40B $1.40B $1.40B $1.40B
-Common Stock $0.00 $0.00 $0.00 $0.00 $0.00
-Preferred Stock $1.40B $1.40B $1.40B $1.40B $1.40B
Additional Paid-In Capital $16.67B $16.54B $16.95B $16.95B $16.93B
Retained Earnings $6.15B $5.16B $7.63B $7.63B $7.31B
Gains/Losses Not Affecting Retained Earnings -$3.21B -$3.14B -$2.65B -$2.65B -$2.49B
Minority Interests $20.48B $19.58B $19.17B $19.17B $16.66B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $2.88B $1.62B $7.25B $4.67B $303.00M
Net cash flow from continuing operations $2.88B $1.62B $7.25B $4.67B $303.00M
Net Income from Continuing Operations $2.09B -$1.41B $5.40B $1.16B $2.46B
Gain/Loss from Continuing Operations -$4.16B $1.46B -$4.84B -$970.00M -$3.15B
Depreciation & Depletion & Amortization $414.00M $397.00M $1.43B $391.00M $400.00M
Other Non-Cash Items -$812.00M -$641.00M -$1.73B $1.62B -$2.45B
Change in Working Capital $5.10B $1.58B $6.20B $2.21B $2.83B
-Change in Other Current Liabilities -$587.00M -$259.00M -$367.00M $1.15B -$448.00M
-Change In Other Working Capital $5.69B $1.84B $6.57B $1.05B $3.28B
Net cash flow from investing -$15.54B -$8.33B -$63.97B -$14.22B -$13.24B
Net Cash Flow from Continuing Investing Activities -$15.54B -$8.33B -$63.97B -$14.22B -$13.24B
Net Business Purchase and Sale -$18.05B $20.09B $83.41B $27.93B $54.02B
Net Investment Purchase and Sale -$8.41B -$28.70B -$145.79B -$40.97B -$61.42B
Net Other Investing Changes $10.93B $274.00M -$1.59B -$1.18B -$5.84B
Financing Cash Flow $17.33B $9.87B $60.20B $8.95B $19.16B
Net Cash Flow from Continuing Financing Activities $17.33B $9.87B $60.20B $8.95B $19.16B
Net Issuance Payments Of Debt -$762.00M $1.73B $2.57B $71.00M $1.16B
Net Common Stock Issuance -$97.00M -$632.00M -$773.00M -$240.00M -$340.00M
Cash Dividends Paid -$367.00M -$336.00M -$1.30B -$335.00M -$330.00M
Net Other Financing Charges $18.55B $9.11B $59.70B $9.45B $18.68B
Ending Cash Balance $28.42B $23.75B $20.59B $20.59B $21.20B
Net Change in Cash $4.67B $3.16B $3.47B -$602.00M $6.23B
Beginning Cash Balance $23.75B $20.59B $17.11B $21.20B $14.97B
Effect of Exchange Rate Changes -$1.00M -$1.00M $5.00M -$8.00M $0.00
Free Cash Flow $2.88B $1.62B $7.25B $4.67B $303.00M
Net Preferred Stock Issuance $0.00
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