Apollo Global ManagementAPOEarnings & Financial Report
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2025, the company had $840 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of p...
Revenue
$6.0B
Gross Profit
N/A
Operating Profit
$1.4B
Net Profit
$853.0M
Gross Margin
N/A
Operating Margin
23.9%
Net Margin
14.2%
YoY Growth
-56.1%
EPS
$1.35
Apollo Global Management Q2 FY2024 Financial Summary
Apollo Global Management reported revenue of $6.0B (down 56.1% YoY) for Q2 FY2024, with a net profit of $853.0M (up 42.4% YoY) (14.2% margin).
Key Financial Metrics
| Total Revenue | $6.0B |
|---|---|
| Net Profit | $853.0M |
| Gross Margin | N/A |
| Operating Margin | 23.9% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Apollo Global Management Q2 FY2024 revenue of $6.0B breaks down across 4 segments, led by Retirement Services Segment at $5.0B (82.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Retirement Services Segment | $5.0B | 82.5% |
| Asset Management Segment | $1.1B | 17.5% |
| Management Service Incentive | $47.0M | 0.8% |
| Related Party | $3.0M | 0.0% |
Apollo Global Management Revenue by Segment — Quarterly Trend
Apollo Global Management revenue by segment across the last 4 reported quarters, showing how each business line (such as Retirement Services Segment and Asset Management Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Retirement Services Segment | $8.5B | $8.3B | $5.7B | — |
| Management Service Incentive | $96.0M | $51.0M | $58.0M | $40.0M |
| Related Party | — | $100.0M | $3.0M | $2.0M |
Apollo Global Management Annual Revenue by Year
Apollo Global Management annual revenue history includes year-by-year totals (for example, 2025 revenue was $32.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $32.0B |
| 2024 | $26.1B |
| 2023 | $32.6B |
Apollo Global Management Quarterly Revenue & Net Profit History
Apollo Global Management results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $9.9B | +86.7% | $684.0M | 6.9% |
| Q3 FY2025 | $9.8B | +26.4% | $1.7B | 17.7% |
| Q2 FY2025 | $6.8B | +13.2% | $630.0M | 9.2% |
| Q1 FY2025 | $5.5B | -21.2% | $442.0M | 8.0% |
| Q4 FY2024 | $5.3B | -52.2% | $1.5B | 28.1% |
| Q3 FY2024 | $7.8B | +199.5% | $811.0M | 10.4% |
| Q2 FY2024 | $6.0B | -56.1% | $853.0M | 14.2% |
| Q1 FY2024 | $7.0B | +32.8% | $1.4B | 20.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.04B | $6.02B | $7.77B | $5.28B | $5.55B | $6.81B | $9.82B | $9.86B |
| YoY Growth | 32.8% | -56.1% | 199.5% | -52.2% | -21.2% | 13.2% | 26.4% | 86.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $334.05B | $346.50B | $368.69B | $377.89B | $395.05B | $419.55B | $449.54B | $460.95B |
| Liabilities | $307.04B | $318.09B | $337.15B | $346.92B | $362.70B | $385.69B | $409.75B | $418.43B |
| Equity | $14.79B | $15.27B | $17.86B | $17.25B | $17.98B | $19.32B | $23.14B | $23.34B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $70.0M | $1.33B | $1.85B | $-4.0M | $1.01B | $1.26B | $303.0M | $4.67B |