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Apollo Global Management, Inc. APO

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$32.0B
▲ 22.7% YoY
$3.5B
▼ 23.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Apollo manages alternative assets and provides retirement services. It held total assets under management of $938.4 billion as of December 31, 2025. The firm conducts its business primarily in the United States through three reportable segments: Asset Management, Retirement Services and Principal Investing. The retirement services business is conducted by Athene, which issues, reinsures and acquires retirement savings products for individuals and institutions. Athene offers two product lines, annuities and funding agreements. Apollo was founded in 1990.

Written from the business description in Apollo Global Management, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 32.0B
Revenue, FY2025 · full 6-year series below
Revenue $B Net income $B
FY2025 · Revenue 32.0 · Net income 3.5
15B30B
202020232025
Compound annual growth
+43.0%
+68.6%
+86.0%
+7.3%
+25.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +68.6% a year over the five years to FY2025 — but profit grew faster: net income at +86.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.8% · Net 16.9%
50%-10%-20%-30%
202020222025
ROE
FY2025 · ROE 17.2%
20%40%-10%-20%-30%
202020222025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders

USD 2.0B
returned in FY2025 · dividends + net buybacks
Net buybacks $B Dividends $B
FY2025 · Dividends 1.2 · Net buybacks 0.8
1B2BDividendsNet buybacks
202020212022202320242025
Dividends paidUSD 1.2B
Net buybacksUSD 773.0M
Share of profit56.5%
Consecutive raises1 year (since the 2024 share-count change)

USD 1.2B in dividends and USD 773.0M in buybacks — 57% of the year's profit went back to shareholders.

Total assetsUSD 460.9B
EquityUSD 23.3B
CashUSD 20.6B
Gross debtUSD 13.4B
Net debtUSD -7.2B

The company holds more cash than debt.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
APO, 6-year financial record
Metric 202520242023202220212020
Revenue $B32.026.132.611.06.02.4
Operating income $B6.77.45.6−4.24.90.6
EBITDA $B8.18.56.4−3.74.90.6
Income tax $B1.31.1−0.9−0.70.60.1
Net income $B3.54.65.0−2.01.80.2
EPS, diluted $5.547.338.28−3.437.320.44
Dividend / sh $1.991.811.691.602.102.31
Payout %342420−4928350
ROE %17.229.248.8−37.648.5◌
Shares out B0.580.570.020.57◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 1 failure · 4 divergences in 17 reconciliationsAUDITED

Reconciled in 1 of the 6 fiscal years we could check. 4 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 14 checks were skipped: the balance sheet is not tagged before 2021. 13 checks were skipped: EPS is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure4 divergent
ActivityInvestment Advice
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2020

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