6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 68.6% per year over the past 5 years.
Net income has grown faster than revenue (84.9% vs 68.6% per year).
Financial health
The company holds more cash ($20.6B) than total debt ($13.4B).
Total debt has grown slower than revenue (43.7% vs 68.6% per year).
Shareholder returns
Dividends have been paid for 6 consecutive years, consuming 35.4% of earnings.
The dividend has grown 16.9% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$32.0B
$3.4B
0.0%
0.0%
—
$13.4B
$20.6B
2024
$26.1B
$4.5B
0.0%
0.0%
—
$10.6B
$17.1B
2023
$32.6B
$5.0B
0.0%
0.0%
—
$8.1B
$17.7B
2022
$11.0B
-$2.0B
0.0%
0.0%
—
$6.5B
$11.1B
2021
$6.0B
$1.8B
0.0%
0.0%
—
$3.1B
$2.1B
2020
$2.4B
$157M
0.0%
0.0%
—
—
$2.5B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$5.1B
-$1.9B
0.0%
0.0%
—
$14.2B
$23.7B
Dec '25
$9.9B
$684M
0.0%
0.0%
—
$13.4B
$20.6B
Sep '25
$9.8B
$1.7B
0.0%
0.0%
—
$12.6B
$21.2B
Jun '25
$6.8B
$630M
0.0%
0.0%
—
$12.1B
$15.0B
Mar '25
$5.5B
$442M
0.0%
0.0%
—
$10.6B
$15.5B
Dec '24
$5.3B
$1.5B
0.0%
0.0%
—
$10.6B
$17.1B
Sep '24
$7.8B
$811M
0.0%
0.0%
—
$9.8B
$17.6B
Jun '24
$6.0B
$853M
0.0%
0.0%
—
$9.8B
$18.0B
Mar '24
$7.0B
$1.4B
0.0%
0.0%
—
$9.6B
$19.7B
Dec '23
$11.0B
$2.8B
0.0%
0.0%
—
$8.1B
$17.7B
Sep '23
$2.6B
$682M
0.0%
0.0%
—
$7.0B
$14.4B
Jun '23
$13.7B
$599M
0.0%
0.0%
—
$6.5B
$14.8B
Mar '23
$5.3B
$1.0B
0.0%
0.0%
—
$6.5B
$18.1B
Dec '22
$4.8B
$640M
0.0%
0.0%
—
$6.5B
$11.1B
Sep '22
$3.0B
-$563M
0.0%
0.0%
—
$6.1B
$13.2B
Jun '22
$2.3B
-$1.6B
0.0%
0.0%
—
$6.1B
$14.5B
Mar '22
$862M
-$401M
0.0%
0.0%
—
$6.1B
$12.4B
Dec '21
$1.2B
$244M
0.0%
0.0%
—
$3.1B
$2.1B
Sep '21
$1.1B
$258M
0.0%
0.0%
—
—
$3.8B
Jun '21
$1.4B
$658M
0.0%
0.0%
—
—
$4.2B
Valuation over time
How the market has priced APO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 11.8× (Jan '24) to 20.6× (Jun '26).
The price-to-sales ratio has fallen from 3.3× (Mar '23) to 2.2× (Jun '26).
The dividend yield has fallen from 2.6% (Mar '23) to 1.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is APO growing its revenue and profit?
Over the past 5 years, Apollo Global Management's revenue has grown 68.6% per year, and net income grown 84.9% per year. These are computed facts, not advice.
How much debt does APO have?
As of FY2025, Apollo Global Management reported $13.4B of total debt against $20.6B of cash.
What is APO's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 10.6%.
What is APO's P/E ratio?
As of Jun '26, Apollo Global Management traded at a price-to-earnings ratio of about 20.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.