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APO Financials Apollo Global Management

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
-$2B $15B $33B $0 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-18% 6% 30% 0% 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $10B $21B 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$64B -$2B $60B $0 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 12.3 24.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.5 4.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 1.3 2.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.