Apollo Global Management LLC (APO) financial statements
Apollo Global Management LLC reported revenue of $32.0B in fiscal 2025, up 35.6% a year over 9 years.
Net income was $3.5B.
The diluted share count rose 223% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Apollo Global Management LLC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.8B | $1.1B | $2.9B | $2.4B | $6.0B | $11.0B | $32.6B | $26.1B | $32.0B |
| Selling, general and admin | $247M | $258M | $266M | $330M | $356M | $482M | — | — | — | — |
| Interest expense | $43M | $53M | $59M | $98M | $133M | $138M | $222M | $268M | $474M | $618M |
| Pre-tax income | $1.1B | $1.8B | $105M | $1.4B | $553M | $4.9B | -$4.2B | $5.6B | $7.4B | $6.7B |
| Income tax | $91M | $326M | $86M | -$129M | $86M | $594M | -$739M | -$923M | $1.1B | $1.3B |
| Net income | $403M | $629M | -$10M | $843M | $157M | $1.8B | -$2.0B | $5.0B | $4.6B | $3.5B |
| EPS (diluted) | $2.11 | $3.10 | -$0.30 | — | $0.44 | $7.32 | -$3.43 | $8.28 | $7.33 | $5.54 |
| Diluted shares | 184M | 193M | 200M | — | 228M | 237M | 585M | 589M | 604M | 594M |
| Net margin | 19.4% | 22.7% | -0.9% | 28.8% | 6.7% | 30.9% | -17.9% | 15.5% | 17.5% | 10.9% |
Balance sheet
Fiscal years, from Apollo Global Management LLC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $814M | $751M | $610M | $1.6B | $1.6B | $917M | $9.0B | $17.7B | $17.1B | $20.6B |
| Property, plant and equipment | $25M | $19M | $20M | $42M | $80M | $126M | — | — | — | — |
| Goodwill | $89M | $89M | $89M | $94M | $117M | $117M | $4.3B | $4.3B | $4.3B | $5.9B |
| Total assets | $5.6B | $7.0B | $6.0B | $8.5B | $23.7B | $30.5B | $257.2B | $313.5B | $377.9B | $460.9B |
| Total liabilities | $3.8B | $4.1B | $3.5B | $5.5B | $17.4B | $18.5B | $241.8B | $288.2B | $346.9B | $418.4B |
| Shareholders' equity | $835M | $1.5B | $1.4B | $1.9B | $5.5B | $3.8B | $6.6B | $14.0B | $17.3B | $23.3B |
| Net debt | -$814M | -$751M | -$610M | -$1.6B | -$1.6B | -$917M | -$9.0B | -$17.7B | -$17.1B | -$20.6B |
Cash flow
Fiscal years, from Apollo Global Management LLC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $600M | $860M | $814M | $1.1B | -$1.6B | $1.1B | $3.8B | $6.3B | $3.3B | $7.2B |
| Capital spending | $6M | $9M | $15M | $39M | $60M | $65M | — | — | — | — |
| Free cash flow | $593M | $851M | $800M | $1.0B | -$1.7B | $999M | — | — | — | — |
| Stock-based compensation | $103M | $91M | $173M | $190M | $213M | $1.2B | $540M | $1.0B | $721M | $789M |
| Dividends paid | $239M | $367M | $407M | $435M | $550M | $517M | $962M | $1.0B | $1.1B | $1.2B |
| Share buybacks (net) | -$13M | -$18M | -$91M | -$111M | -$92M | -$299M | -$635M | -$561M | -$890M | -$773M |
| Net borrowing | $533M | $0 | $303M | $1.3B | $3.4B | -$634M | $1.7B | $1.1B | $2.7B | $2.6B |
| Free cash flow margin | 28.6% | 30.7% | 73.1% | 35.6% | -71.2% | 16.8% | — | — | — | — |
| Dividends per share | $1.30 | $1.90 | $2.03 | — | $2.42 | $2.19 | $1.65 | $1.72 | $1.81 | $2.02 |
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What was Apollo Global Management LLC's revenue in 2025?
$32.0B in fiscal 2025, from its 10-K filing.
From Apollo Global Management LLC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.