Apollo Global Management (APO) FY2024 results: revenue $26.1 billion, down 20.0% on the year
Apollo Global Management, Inc. (APO) reported revenue of $26.1 billion for fiscal 2024, the year ended 31 December 2024, down 20.0% on the year before. Net income was $4.6 billion, down 9.3%, and diluted earnings per share $7.33. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$26.1 billion
-20.0% on the year
FY2017FY2024
Operating margin
27.3%
16.3% a year earlier
FY2017FY2024
Net income
$4.6 billion
-9.3% on the year
FY2017FY2024
Diluted EPS
$7.33
-11.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,253
6,322
3,789
-48.5%
Cash from investing
-61,801
-42,407
-23,444
Cash from financing
57,972
42,638
28,710
+36.0%
Depreciation and amortisation
1,075
803
529
+33.9%
Share-based compensation
721
1,026
540
-29.7%
Buybacks
890
561
635
+58.6%
Dividends paid
1,092
1,012
962
+7.9%
Dividend per share
$1.81
$1.69
$1.60
+7.1%
Diluted shares, weighted
604m
589m
585m
+2.6%
Shares outstanding at period end
566m
568m
570m
-0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
17,253
14,044
6,640
+22.8%
Non-controlling interest
13,711
11,189
7,726
+22.5%
Redeemable equity
16.0
12.0
1,032
+33.3%
Debt
10,588
8,092
6,472
+30.8%
Other liabilities
336,327
280,151
235,347
+20.1%
Total liabilities and equity
377,895
313,488
257,217
+20.5%
Goodwill
4,327
4,329
4,322
-0.0%
Securities held for sale or to maturity
184,167
148,347
112,225
+24.1%
Cash and equivalents
17,112
17,691
8,980
-3.3%
Other assets
172,289
143,121
131,690
+20.4%
Total assets
377,895
313,488
257,217
+20.5%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.