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Stocks / United States / APO · Investment Advice · NYSE

Apollo Global Management, Inc. (APO)

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Apollo Global Management, Inc. (APO) reported revenue of $11.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 63.7% on the same quarter a year earlier. Net income was $1.4 billion, up 116.0% on the year, and diluted earnings per share $2.15. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$11.2 billionup 63.7%
Net income$1.4 billionup 116.0%
Diluted EPS$2.15
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE8.9%
ROCE20.9%
Operating margin20.2%
Net margin5.2%
FCF marginn/a
Interest cover10.23
Debt to equity0.65
Cash conversion5.05
Share count, 1 year0.7%
Sales CAGR, 3 years43.0%
Profit CAGR, 3 yearsn/a
EPS, TTM$2.75

At the close of 21 September 2026

Price$127.91
Market cap$73.7 billion
Stock P/E46.51
Price to book3.51
EV / EBITDA6.66
Dividend yield1.6%
Market cap / sales2.05
52-week high$152.70
52-week low$100.30
Price, 1 year-11.6%
Price CAGR, 3 years12.1%
Price CAGR, 5 years16.6%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Apollo Global Management, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on APO

Filings32 in twelve months: 23 current reports (8-K), about 12 regulation fd disclosure; 8 results of operations; 3 other events; 2 shareholder vote; 2 material agreement
Planned insider sales9 Form 144 notices in twelve months, $1.07 billion; latest 14 August 2026
Options tapeput/call 1.56 by open interest on 23 September 2026; the straddle prices a 3.0% move to 25 September 2026
Holders11 of the followed funds hold it; largest FMR LLC; 6 Schedule 13D or 13G filings in twelve months
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest23.5 million shares short, 8.48 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,59511,0467,0406,0187,7735,2835,5486,8149,8239,8645,05911,153
Operating income8441,8712,1491,4341,9571,5921,2061,0962,7531,7053802,412
Operating margin33%17%31%24%25%30%22%16%28%17%8%22%
Interest expense66.079.094.0119120141135143166174179190
Pre-tax income8831,9612,1871,4382,0861,7241,1818452,8991,7522832,485
Tax rate28%-83%19%18%15%4%21%0%15%34%599%16%
Net income6822,7561,4278538111,4864426301,736684-1,9061,361
Net margin26%25%20%14%10%28%8%9%18%7%-38%12%
Diluted EPS$1.10$4.52$2.28$1.35$1.29$2.41$0.68$0.99$2.78$1.09-$3.27$2.15
Operating cash flow-3642,06470.01,3331,854-4.01,0121,2623034,6691,6202,881
Buybacks0.026.026075.04531021930.034024063297.0
Dividends paid256259259279277277278306306311312342
Shares outstanding568m568m569m570m566m566m570m572m580m579m577m576m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 6 fiscal years and the trailing twelve months

FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Revenue2,3545,95110,96832,64426,11432,04935,899
Operating income7751,838-6,5125,3137,1326,7607,250
Operating margin32.9%30.9%-59.4%16.3%27.3%21.1%20.2%
Interest expense133138222268474618709
Pre-tax income5534,861-4,2465,5867,4356,6777,419
Income tax86.0594-739-9231,0621,2763,120
Effective tax rate15.6%12.2%n/a-16.5%14.3%19.1%42.1%
Net income1571,839-1,9615,0474,5773,4921,875
Net margin6.7%30.9%-17.9%15.5%17.5%10.9%5.2%
Diluted EPS$0.44$7.32-$5.57$8.28$7.33$5.54$2.75
Filing10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Operating cash flow-1,6161,0643,7896,3223,2537,2469,473
Depreciation and amortisation19.027.05298031,0751,4311,602
Share-based compensation2131,1815401,026721789952
Buybacks92.02996355618907731,309
Dividends paid5505179621,0121,0921,2011,271
Dividend per share$2.31$2.10$1.60$1.69$1.81$1.99$2.09
Diluted shares, weighted228m237m585m589m604m594m610m
Shares outstanding at period endn/an/a570m568m566m579m576m
Filing10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Total assetsn/a30,502257,217313,488377,895460,949494,048
Cash and equivalents1,5569178,98017,69117,11220,59128,417
Goodwilln/a1174,3224,3294,3275,920n/a
Long-term debtn/a3,1346,4728,09210,58813,36413,727
Shareholders' equity5,5133,7896,64014,04417,25323,34121,006
Filing10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a68.6%43.0%41.2%
Profit growth, compoundedn/a86.0%n/a-44.3%
Return on equity, averagen/a19.3%25.8%15.0%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Investment Advice

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Blackstone Inc. BX$95.1 billion28.3439.0%47.2%17.2%1.483.7%
KKR & Co. Inc. KKR$90.5 billionn/a10.2%n/a31.1%2.101.3%
Apollo Global Management, Inc. APO$73.7 billion46.518.9%20.2%41.2%0.651.6%
Ameriprise Financial Inc. AMP$47.3 billion12.9562.0%27.2%9.1%0.560.6%
Ares Management Corp. ARES$39.7 billionn/a16.0%7.5%28.5%n/a3.9%
Price T Rowe Group Inc. TROW$22.3 billion10.5120.2%30.8%7.0%n/a4.9%
Franklin Templeton Inc. BEN$17.1 billion22.886.9%9.7%7.9%0.203.8%
Invesco Ltd. IVZ$13.9 billionn/a-2.5%-7.1%12.2%0.132.7%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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