What is Apollo Global Mgmt Inc's earnings per share (EPS)?

Apollo Global Mgmt Inc (APO) reported diluted earnings per share of $5.54 for fiscal year 2025. This represents a -24.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Apollo Global Mgmt Inc Financials

APO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Apollo Global Mgmt Inc (APO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI APO FY2025 2026-04-22

Apollo’s balance-sheet expansion is the core mechanic, while cash generation is steadier than reported earnings.

Between FY2024 and FY2025, operating cash flow climbed from $3.3B to $7.2B even as net income moved lower. Since FY2022, cash from operations stayed positive while earnings swung from -$2.0B to $5.0B, so reported earnings look like a noisier gauge of the business than cash generation.

The company runs on a very large liability-funded balance sheet, not an equity-heavy one: FY2025 assets reached $460.9B against equity of $23.3B. That structure explains why ROE of 15.0% can coexist with ROA of just 0.8%; shareholder returns are being amplified by financing structure more than by high earnings on each dollar of assets.

The cash-flow statement shows a capital recycling model, not a business that self-funds expansion from operations. In FY2025, -$64.0B of investing outflow was mostly offset by $60.2B of financing inflow, and cash on hand of $20.6B still exceeded long-term debt of $13.4B, giving the corporate balance sheet more flexibility than the headline liability total suggests.

Financial Health Signals

Financial Profile 31/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Apollo Global Mgmt Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Apollo Global Mgmt Inc's revenue surged 22.7% year-over-year to $32.0B, reflecting rapid business expansion. This strong growth earns a score of 32/100.

Leverage

Apollo Global Mgmt Inc carries a low D/E ratio of 0.57, meaning only $0.57 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.

Returns

Apollo Global Mgmt Inc's ROE of 15.0% shows moderate profitability relative to equity, earning a score of 61/100. This is down from 26.5% the prior year.

Piotroski F-Score Neutral

4/9

Apollo Global Mgmt Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.08x

For every $1 of reported earnings, Apollo Global Mgmt Inc generates $2.08 in operating cash flow ($7.2B OCF vs $3.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$32.0B

YoY+22.7%

5Y CAGR+68.6%

Apollo Global Mgmt Inc generated $32.0B in revenue in fiscal year 2025. This represents an increase of 22.7% from the prior year.

EBITDA

N/A

Net Income

$3.5B

YoY-23.7%

5Y CAGR+86.0%

Apollo Global Mgmt Inc reported $3.5B in net income in fiscal year 2025. This represents a decrease of 23.7% from the prior year.

EPS (Diluted)

$5.54

YoY-24.4%

5Y CAGR+66.0%

Apollo Global Mgmt Inc earned $5.54 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 24.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$20.6B

YoY+20.3%

5Y CAGR+67.6%

Apollo Global Mgmt Inc held $20.6B in cash against $13.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.99

YoY+9.9%

5Y CAGR-2.9%

Apollo Global Mgmt Inc paid $1.99 per share in dividends in fiscal year 2025. This represents an increase of 9.9% from the prior year.

Shares Outstanding

579M

YoY+2.3%

Apollo Global Mgmt Inc had 579M shares outstanding in fiscal year 2025. This represents an increase of 2.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

10.9%

YoY-6.6pp

5Y CAGR+4.2pp

Apollo Global Mgmt Inc's net profit margin was 10.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.6 percentage points from the prior year.

Return on Equity

15.0%

YoY-11.6pp

5Y CAGR+12.1pp

Apollo Global Mgmt Inc's ROE was 15.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$773.0M

YoY-13.1%

5Y CAGR+53.1%

Apollo Global Mgmt Inc spent $773.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 13.1% from the prior year.

Capital Expenditures

N/A

APO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$32.0B+22.7%	$26.1B-20.0%	$32.6B+197.6%	$11.0B+84.3%	$6.0B+152.8%	$2.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$618.0M+30.4%	$474.0M+76.9%	$268.0M+20.7%	$222.0M+60.9%	$138.0M+3.8%	$133.0M
Income Tax	$1.3B+20.2%	$1.1B+215.1%	-$923.0M-24.9%	-$739.0M-224.4%	$594.0M+590.7%	$86.0M
Net Income	$3.5B-23.7%	$4.6B-9.3%	$5.0B+357.4%	-$2.0B-206.6%	$1.8B+1071.3%	$157.0M
EPS (Diluted)	$5.54-24.4%	$7.33-11.5%	$8.28+341.4%	$-3.43-146.9%	$7.32+1563.6%	$0.44

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$9.9B+0.4%	$9.8B+44.2%	$6.8B+22.8%	$5.5B+5.0%	$5.3B-32.0%	$7.8B+29.2%	$6.0B-14.5%	$7.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$174.0M+4.8%	$166.0M+16.1%	$143.0M+5.9%	$135.0M-4.3%	$141.0M+17.5%	$120.0M+0.8%	$119.0M+26.6%	$94.0M
Income Tax	$592.0M+35.2%	$438.0M+14500.0%	$3.0M-98.8%	$243.0M+291.9%	$62.0M-80.4%	$317.0M+21.5%	$261.0M-38.2%	$422.0M
Net Income	$684.0M-60.6%	$1.7B+175.6%	$630.0M+42.5%	$442.0M-70.3%	$1.5B+83.2%	$811.0M-4.9%	$853.0M-40.2%	$1.4B
EPS (Diluted)	N/A	$2.78+180.8%	$0.99+45.6%	$0.68	N/A	$1.29-4.4%	$1.35-40.8%	$2.28

APO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$460.9B+22.0%	$377.9B+20.5%	$313.5B+21.9%	$257.2B+743.3%	$30.5B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$20.6B+20.3%	$17.1B-3.3%	$17.7B+97.0%	$9.0B+879.3%	$917.0M-41.1%	$1.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.9B+36.8%	$4.3B0.0%	$4.3B+0.2%	$4.3B+3594.0%	$117.0M	N/A
Total Liabilities	$418.4B+20.6%	$346.9B+20.4%	$288.2B+19.2%	$241.8B+805.2%	$26.7B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$13.4B+26.2%	$10.6B+30.8%	$8.1B+25.0%	$6.5B+106.5%	$3.1B	N/A
Total Equity	$23.3B+35.3%	$17.3B+22.8%	$14.0B+111.5%	$6.6B+75.2%	$3.8B-31.3%	$5.5B
Retained Earnings	$7.6B+26.8%	$6.0B+102.6%	$3.0B+395.1%	-$1.0B-188.0%	$1.1B	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$460.9B+2.5%	$449.5B+7.1%	$419.6B+6.2%	$395.0B+4.5%	$377.9B+2.5%	$368.7B+6.4%	$346.5B+3.7%	$334.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$20.6B-2.9%	$21.2B+41.6%	$15.0B-3.5%	$15.5B-9.3%	$17.1B-2.9%	$17.6B-2.0%	$18.0B-8.8%	$19.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.9B	N/A	N/A	N/A	$4.3B	N/A	N/A	N/A
Total Liabilities	$418.4B+2.1%	$409.7B+6.2%	$385.7B+6.3%	$362.7B+4.6%	$346.9B+2.9%	$337.1B+6.0%	$318.1B+3.6%	$307.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$13.4B+5.8%	$12.6B+4.0%	$12.1B+14.8%	$10.6B-0.1%	$10.6B+8.0%	$9.8B-0.1%	$9.8B+2.3%	$9.6B
Total Equity	$23.3B+0.9%	$23.1B+19.8%	$19.3B+7.5%	$18.0B+4.2%	$17.3B-3.4%	$17.9B+17.0%	$15.3B+3.3%	$14.8B
Retained Earnings	$7.6B+4.5%	$7.3B+23.4%	$5.9B+5.1%	$5.6B-6.4%	$6.0B+23.8%	$4.9B+11.2%	$4.4B+13.3%	$3.9B

APO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$7.2B+122.7%	$3.3B-48.5%	$6.3B+66.9%	$3.8B+256.1%	$1.1B+165.8%	-$1.6B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$64.0B-3.5%	-$61.8B-45.7%	-$42.4B-80.9%	-$23.4B-1410.6%	-$1.6B-85.2%	-$838.0M
Financing Cash Flow	$60.2B+3.8%	$58.0B+36.0%	$42.6B+48.5%	$28.7B+26239.4%	$109.0M-96.7%	$3.3B
Dividends Paid	$1.2B+10.0%	$1.1B+7.9%	$1.0B+5.2%	$962.0M+86.1%	$517.0M-6.0%	$550.0M
Share Buybacks	$773.0M-13.1%	$890.0M+58.6%	$561.0M-11.7%	$635.0M+112.4%	$299.0M+225.0%	$92.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$4.7B+1440.9%	$303.0M-76.0%	$1.3B+24.7%	$1.0B+25400.0%	-$4.0M-100.2%	$1.9B+39.1%	$1.3B+1804.3%	$70.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$14.2B-7.4%	-$13.2B+32.6%	-$19.6B-16.2%	-$16.9B-3.9%	-$16.3B-12.3%	-$14.5B+1.6%	-$14.7B+10.3%	-$16.4B
Financing Cash Flow	$8.9B-53.3%	$19.2B+7.6%	$17.8B+24.8%	$14.3B-9.3%	$15.7B+28.5%	$12.3B+5.3%	$11.6B-36.6%	$18.3B
Dividends Paid	$311.0M+1.6%	$306.0M0.0%	$306.0M+10.1%	$278.0M+0.4%	$277.0M0.0%	$277.0M-0.7%	$279.0M+7.7%	$259.0M
Share Buybacks	$240.0M-29.4%	$340.0M	$0-100.0%	$193.0M+89.2%	$102.0M-77.5%	$453.0M+504.0%	$75.0M-71.2%	$260.0M

APO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.9%-6.6pp	17.5%+2.1pp	15.5%+33.3pp	-17.9%-48.8pp	30.9%+24.2pp	6.7%
Return on Equity	15.0%-11.6pp	26.5%-9.4pp	35.9%+65.5pp	-29.5%-78.1pp	48.5%+45.7pp	2.9%
Return on Assets	0.8%-0.4pp	1.2%-0.4pp	1.6%+2.4pp	-0.8%-6.8pp	6.0%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.57-0.0	0.61+0.0	0.58-0.4	0.97+0.1	0.83	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.9%-10.7pp	17.7%+8.4pp	9.3%+1.3pp	8.0%-20.2pp	28.1%+17.7pp	10.4%-3.7pp	14.2%-6.1pp	20.3%
Return on Equity	2.9%-4.6pp	7.5%+4.2pp	3.3%+0.8pp	2.5%-6.2pp	8.6%+4.1pp	4.5%-1.0pp	5.6%-4.1pp	9.7%
Return on Assets	0.1%-0.2pp	0.4%+0.2pp	0.1%+0.0pp	0.1%-0.3pp	0.4%+0.2pp	0.2%-0.0pp	0.3%-0.2pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.57+0.0	0.55-0.1	0.63+0.0	0.59-0.0	0.61+0.1	0.55-0.1	0.640.0	0.65
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Apollo Global Mgmt Inc's annual revenue?

Apollo Global Mgmt Inc (APO) reported $32.0B in total revenue for fiscal year 2025. This represents a 22.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Apollo Global Mgmt Inc's revenue growing?

Apollo Global Mgmt Inc (APO) revenue grew by 22.7% year-over-year, from $26.1B to $32.0B in fiscal year 2025.

Is Apollo Global Mgmt Inc profitable?

Yes, Apollo Global Mgmt Inc (APO) reported a net income of $3.5B in fiscal year 2025, with a net profit margin of 10.9%.

How much debt does Apollo Global Mgmt Inc have?

As of fiscal year 2025, Apollo Global Mgmt Inc (APO) had $20.6B in cash and equivalents against $13.4B in long-term debt.

What is Apollo Global Mgmt Inc's net profit margin?

Apollo Global Mgmt Inc (APO) had a net profit margin of 10.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Apollo Global Mgmt Inc pay dividends?

Yes, Apollo Global Mgmt Inc (APO) paid $1.99 per share in dividends during fiscal year 2025.

What is Apollo Global Mgmt Inc's return on equity (ROE)?

Apollo Global Mgmt Inc (APO) has a return on equity of 15.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Apollo Global Mgmt Inc's operating cash flow?

Apollo Global Mgmt Inc (APO) generated $7.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Apollo Global Mgmt Inc's total assets?

Apollo Global Mgmt Inc (APO) had $460.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Apollo Global Mgmt Inc buy back shares?

Yes, Apollo Global Mgmt Inc (APO) spent $773.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Apollo Global Mgmt Inc have outstanding?

Apollo Global Mgmt Inc (APO) had 579M shares outstanding as of fiscal year 2025.

What is Apollo Global Mgmt Inc's debt-to-equity ratio?

Apollo Global Mgmt Inc (APO) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Apollo Global Mgmt Inc's return on assets (ROA)?

Apollo Global Mgmt Inc (APO) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Apollo Global Mgmt Inc's Piotroski F-Score?

Apollo Global Mgmt Inc (APO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Apollo Global Mgmt Inc's earnings high quality?

Apollo Global Mgmt Inc (APO) has an earnings quality ratio of 2.08x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Apollo Global Mgmt Inc?

Apollo Global Mgmt Inc (APO) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.