Apollo Global Management revenue and financials

APO · NYSE · USD

$115.95Change from previous close: +0.52%Absolute change: +$0.60

Close · October 6, 2026

In the fiscal year ended December 2025, Apollo Global Management reported revenue of $32.05B (+22.73% year over year). Net income was $3.49B, a net margin of 10.9%.

Annual revenue · 2025: $32.05B
  1. $2.35B2020
  2. $5.95B2021
  3. $10.97B2022
  4. $32.64B2023
  5. $26.11B2024
  6. $32.05B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+22.73%
2025 vs 2024
Net income growth
−23.71%
2025 vs 2024
Net margin
10.9%
2024: 17.5%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Cash flow · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Operating cash flow2,8811,6204,6693031,2621,012-4.01,8541,33370.02,064-364
Depreciation and amortization414397391400332308296281260238217241
Investing cash flow-15,537-8,334-14,218-13,237-19,629-16,888-16,250-14,466-14,700-16,385-14,688-10,211
Financing cash flow17,3269,8728,94719,16417,81514,27415,74512,25111,63418,34215,88010,221
Dividends paid-367-336-335-330-331-302-301-301-304-283-281-256
Share repurchases-97.0-632-240-3400.0-193-102-453-75.0-260-26.0—
Debt issued2,6233,1462,5162,0702,3382941,8214722,8252,8271,0911,404
Debt repaid-3,385-1,419-2,445-914-467-818-765-1,272-2,698-524-1,011-507
Effect of exchange rates-1.0-1.0-8.00.010.03.0-6.05.0—-2.08.0-3.0
Net change in cash4,6693,157-6106,230-542-1,599-515-356-1,7332,0253,264-357
Free cash flow2,8811,6204,6693031,2621,012-4.01,8541,33370.02,064-364