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Apollo Global Management, Inc.APO

Sector
Financial Services
Industry
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Exchange
NYSE

Stock Price $APO

Latest filings

You are here#30 of 58 in Financials by market cap

Filing record · 2022–202610-K410-Q148-K106

APO filed 4 annual reports (10-K), 14 quarterly reports (10-Q) and 106 current reports (8-K) between 2022 and 2026.

  1. Leadership change8-K · Mar ’22Mar ’22
  2. FY2022 annual report10-K · Mar ’23Mar ’23
  3. Material agreement8-K · May ’24May ’24
  4. Material agreement8-K · Mar ’26Mar ’26

01—Key figures

Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  6. $32.05B
YoY changeLargest recent move+197.6%in FY23Latest +22.7%

2 older moves run past ±150% (largest +197.6%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All APO Financial Metrics39 metrics

Income Statement9

Balance Sheet13

Cash Flow12

Per Share5

02—Overview

Apollo Global Management, Inc. Financial Overview 2022–2025

Updated Jul 10, 2026

Apollo Global Management pushed its total Assets Under Management (AUM) to a massive $938.4 billiona by the end of FY2025, a 25.0% year-over-year jump fueled by robust capital deployment and the acquisition of Bridge. This rapid accumulation of assets underscores the power of Apollo’s integrated model: feeding alternative credit and equity strategies directly into the massive liability base of its Athene retirement services platform to generate highly predictable fee and spread-related income.

The firm's scale has transformed dramatically over the last four years, as total Assets Under Management expanded from $547.6 billion in FY2022 to $938.4 billionb in FY2025. This scale directly translates to cash flow. In FY2025, Fee Related Earnings (FRE) inside the Asset Management segment climbed 22.5% to $2.5 billion, while Retirement Services revenues jumped 23.3% to $27.0 billion. The retirement segment also delivered a steady $3.4 billion in Spread Related Earnings (SRE) during the year, insulated by a larger investment portfolio and higher interest rate yields. Apollo pairs this operational profitability with fortress liquidity, holding $18.3 billion in unrestricted cash and cash equivalents.

This dual-engine growth across asset management and insurance has rewarded shareholders significantly following a net loss of -$3.43 EPSc in FY2022. By the close of FY2025, Apollo generated $5.54 EPS and commanded an $83.8 billion market cap, with shares priced at $144.76 and trading at a 26.1x P/E ratio.

Recent Developments (Q4 2025 and Q1 2026)

Apollo's momentum hit a roadblock in Q1 2026, posting a net loss of -$1.9 billiond, or -$3.27 per share. This reversal was fueled by -$2.1 billion in investment-related losses within Retirement Services, stemming from adverse fair value changes in mortgage loans and hedging derivatives. Despite this drag, core operations expanded. Management fees surged 37% and Fee Related Earnings jumped 30.2% to $728 million. The firm also optimized its capital structure by issuing $750 million in senior notes and authorizing a new $4.0 billion share repurchase program. Separately, the board announced the passing of independent director David Simon in March 2026.

Bulls argue underlying fee generation remains exceptional, with preliminary estimates indicating a resilient 9%e annualized return on alternative net investments for Q2 2026. Bears warn Apollo’s insurance liabilities leave earnings highly exposed to interest rate volatility. Trading at 23.1x earnings as of May 7, 2026, shares appear reasonably valued if mark-to-market headwinds subside.

What to watch: execution of the $4.0 billion buyback program; stabilization of fair value marks within the retirement portfolio.

03—Filings

Recent SEC Filings

  1. 8-KApollo Global Management, Inc. 8-K Report, Executive Changes (Oct 20, 2026)Apollo Global Management, Inc. (APO) has announced a strategic expansion of its Board of Directors with the appointment of Mr. Meyer “Micky” Malka, effective January 1, 2027. This appointment increases the Board size to fourteen directors and reinforces the company's commitment to maintaining a strong independent board, with two-thirds of directors now being independent. Mr. Malka brings over three decades of extensive experience in building and investing in technology and financial services companies globally. His background, notably as the founder and managing partner of Ribbit Capital and his previous entrepreneurial ventures in fintech and banking, is expected to provide significant value as Apollo continues to innovate and drive growth across its diverse platform. The company anticipates this addition will bring a valuable entrepreneurial and global perspective to board discussions.
  2. 8-KApollo Global Management, Inc. 8-K Report, Financial Results (Oct 5, 2026)Apollo Global Management, Inc. (APO) has issued a Current Report on Form 8-K to provide preliminary estimates for its alternative net investment income for the third quarter ended September 30, 2026. The company anticipates generating approximately $375 million in pre-tax alternative net investment income, projecting an annualized return of 10% on its alternative net investments. This disclosure is made in advance of the official quarterly earnings release and financial supplement, which are scheduled for November 3, 2026.
  3. 8-KApollo Global Management, Inc. 8-K Report, Regulation FD Disclosure (Sep 21, 2026)Apollo Global Management, Inc. (APO) has filed an 8-K to disclose that its subsidiary, Athene Holding Ltd., has released an updated presentation titled “Athene Asset Risk & Stress Considerations, September 2026 Update.” This presentation is available on Athene's investor relations website. While this filing is primarily for disclosure purposes under Regulation FD and the information furnished is not deemed "filed" for liability purposes under Section 18 of the Exchange Act, it signifies an ongoing effort by Athene to provide transparency regarding its asset risk and stress testing methodologies. Investors should monitor this presentation for insights into how Athene is managing and assessing potential risks within its asset portfolio, which can have implications for Apollo's overall financial performance and stability.
  4. 8-KApollo Global Management, Inc. 8-K Report, Regulation FD Disclosure (Aug 24, 2026)Apollo Global Management, Inc. (APO) has filed an 8-K to announce the posting of a presentation titled “Apollo Multi-Asset Prime Securities (AMAPS) Overview Presentation” on its Investor Relations website. This filing serves to publicly disclose information related to the AMAPS product, ensuring broad access for investors and stakeholders. While the 8-K itself does not contain substantive financial data or strategic operational updates, it directs investors to a specific investor presentation. This suggests that the AMAPS Overview Presentation is intended to provide detailed insights into this particular product offering, which may be of interest to investors focused on Apollo's diverse investment strategies and product suite. Investors seeking further information should access the presentation directly via the provided website link.
  5. 8-KApollo Global Management, Inc. 8-K Report, Regulation FD Disclosure (Aug 13, 2026)Apollo Global Management, Inc. (APO) is filing this Form 8-K primarily to announce an upcoming Fixed Income Investor call hosted by its subsidiary, Athene Holding Ltd., on August 13, 2026. This call will provide an update on Athene's business operations, including current trends, new business origination, its investment portfolio, and capital position. Investors seeking insights into Athene's performance and strategy will find this call and the accompanying presentation valuable.
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04—See also

Related Companies

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