— Know what they know.
/
Not Investment Advice

APO

NYSE · USD
Apollo Global Management, Inc.
Financial Services · Asset Management
CEO Marc Jeffrey Rowan Employees 4,130 R&D / revenue 0.0%
Last price
$110.78−0.97%last session
Market cap
$65.4B
P/E (TTM)
24.0x
From 52w high
−27.7%
From 52w low
+11.3%
1-year return
−8.0%
RSI 14 · vs SMA200
29.9 · −11.3%
IS score
54.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

APO   SPY   XLF (sector ETF) · weekly closes
8090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLF 107APO 92

Score DNA

Each bar is a 0-100 score within the scored universe
54
Profitability
51
Growth
59
Value
78
Momentum
15
Risk (safety)
75
Quality
69
Balance sheet
95
Earnings quality

Flags

Strengths
✓ Net cash✓ FCF yield 5%+✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: Weak, Efficient ScalePiotroski 6 / 9Beta 1.513 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $7.7M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-08-10
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+44
149 new holders, 90 closed
1,175 filers hold 65.5% · 497 added, 375 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+283
1,184 funds adding shares
901 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
38.4%
20-day avg 52.1%, 50-day avg 56.5%
Latest 13.7 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$30.3B
Revenue growth YoY+16.0%
Gross margin88.5%
Operating income$10.4B
Operating margin34.4%
Net income$4.5B
Net margin14.8%
EPS (diluted)$7.26
Cash flow
Operating cash flow$7.5B
Capital expenditure$0
Free cash flow$7.5B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation$699.0M
FCF less SBC$6.8B
Buybacks$773.0M
Dividends$1.3B
Balance sheet & returns
Cash & short-term investments$248.1B
Total debt$13.4B
Net cash$234.7B
Shareholders' equity$42.5B
Goodwill & intangibles$5.9B
Debt / equity0.65
ROE (TTM)8.6%
ROIC (TTM)1.0%
Operating margin by fiscal year
33.3%FY2021-40.4%FY202218.8%FY202331.8%FY202434.4%FY2025
Revenue $6.0B (FY2021) to $30.3B (FY2025), a 50.2% CAGR.

Valuation

P/E (TTM)24.0x
EV / EBITDA5.5x
Price / sales1.82x
Price / FCF8.2x
FCF yield12.21%
Buyback yield1.18%
SBC / revenue2.5%
Price / book3.12x
Forward P/E FY202612.8x
Forward P/E FY202710.4x
Forward P/E FY20289.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $136.00 across 2 analysts last quarter is theirs, not ours.

APO vs industry median

908 companies in Asset Management
Gross margin 84.5% 84.6% Operating margin 24.1% 34.7% Net margin 5.2% 18.2% ROIC 1.0% 6.4%
APO (TTM)Industry median Asset turnover 0.07 vs industry 0.11 · financial leverage 23.52

Earnings delivery

Next report 2026-11-03 · consensus EPS $2.21
58%
beat rate, 7 of 12 quarters
+3.5%
median EPS surprise
4
longest beat streak
+0+10-3-7+5+16-1+4+13+21+3-2
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
APO Apollo Global Management, In $65.4B24.0x8.6%5.2%+16.0% −8.0%
BAM Brookfield Asset Management $72.4B26.4x10.1%52.9%+26.5% −15.6%
KKR KKR & Co. Inc. $77.4B25.7x10.6%12.4%+30.7% −26.5%
BN Brookfield Corporation $81.7B65.2x3.0%1.8%+2.2% −16.3%
STT State Street Corporation $45.5B13.3x12.4%18.0%+2.2% +46.7%
AMP Ameriprise Financial, Inc. $44.2B11.9x63.4%22.2%+9.0% —
ARES Ares Management Corporation $36.9B49.0x15.0%10.5%+45.4% —
BX Blackstone Inc. $122.7B23.7x40.5%25.8%+28.6% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding590,543,159
Free float78.7%
Institutional ownership65.5%
Beta1.51
Dividend yield1.94%
Last dividend$0.56 on 2026-08-19
50 / 200-day average$126.93 / $125.20
Large-cap Financial Services median P/E14.0x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where APO sits among 110 scored companies in Asset Management (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureAPOIndustry medianIndustry percentileSector median
P/E (TTM) 22.7x 13.3x
73rd		 11.9x
PEG (P/E ÷ 3-yr EPS CAGR) 1.10 0.88
59th		 1.04
Price / sales 1.9x 3.9x
18th		 2.5x
Price / book 3.1x 1.4x
72nd		 1.3x
Price / tangible book 12.4x 1.4x
91st		 1.6x
Price / free cash flow 8.2x 10.3x
37th		 11.8x
Price / operating cash flow 8.2x 10.2x
37th		 11.7x
Enterprise value $52.3B $3.4B
89th		 $3.4B
EV / sales 1.5x 6.7x
5th		 6.0x
EV / EBITDA 4.4x 12.2x
7th		 13.0x
EV / EBIT 5.1x 14.4x
9th		 15.5x
EV / free cash flow 6.6x 11.6x
15th		 15.9x
Earnings yield 4.4% 5.7%
43rd		 7.9%
FCF yield 12.2% 8.3%
71st		 6.3%
Operating cash flow yield 12.2% 8.6%
70th		 7.8%
Graham number (per share) $60.49 $27.85
73rd		 $50.71

Profitability (TTM)

MeasureAPOIndustry medianIndustry percentileSector median
Gross margin 84.5% 71.8%
80th		 71.9%
EBITDA margin 34.7% 39.3%
41st		 37.9%
Operating margin 31.7% 30.2%
57th		 23.3%
EBIT margin 30.0% 32.7%
46th		 23.3%
Net margin 8.4% 15.3%
30th		 18.7%
NOPAT margin 21.8% 23.0%
44th		 18.7%
FCF margin 23.4% 24.3%
48th		 23.3%
Operating cash flow margin 23.4% 29.1%
43rd		 26.7%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 12.6% 9.8%
56th		 20.1%
Stock comp / revenue 2.6% 0.0%
77th		 0.7%
Effective tax rate 31.2% 19.9%
97th		 21.0%

Returns on capital

MeasureAPOIndustry medianIndustry percentileSector median
ROE (on average equity) 14.3% 11.2%
59th		 11.9%
ROA 0.6% 2.3%
26th		 1.4%
ROIC 94.2% 5.5%
98th		 7.8%
ROCE 2.1% 4.9%
27th		 5.8%
Return on tangible assets 2.2% 4.7%
26th		 2.0%
Cash ROIC (OCF / invested capital) 100.9% 10.0%
97th		 11.4%
Gross profitability (GP / assets) 5.4% 8.8%
31st		 10.3%
ROIC, 3-yr average 97.2% 5.6%
99th		 7.1%
ROIC, 5-yr average 72.7% 6.0%
99th		 7.3%
ROE, 5-yr average 8.8% 11.2%
39th		 10.7%
Incremental ROIC 159.2% 12.9%
95th		 8.4%

Growth

MeasureAPOIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 34.6% 15.4%
69th		 7.1%
Revenue growth (QoQ) 121.7% 6.6%
86th		 2.8%
Revenue CAGR, 3 yr 8.4% 13.1%
34th		 10.8%
Revenue CAGR, 5 yr 41.7% 5.8%
99th		 11.3%
Gross profit CAGR, 3 yr -0.0% 20.6%
6th		 18.0%
Operating income CAGR, 3 yr 48.0% 12.7%
83rd		 8.8%
Net income growth (TTM YoY) -12.1% 17.8%
30th		 24.7%
Net income CAGR, 3 yr 22.8% 9.1%
70th		 9.4%
EPS growth (TTM YoY) -14.9% 14.5%
28th		 25.1%
EPS CAGR, 3 yr 20.7% 5.5%
65th		 7.3%
EPS CAGR, 5 yr -11.7% -5.9%
35th		 4.2%
FCF growth (TTM YoY) 93.7% 18.5%
85th		 15.9%
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr -1.8% 6.6%
33rd		 8.4%
Book value CAGR, 3 yr 34.3% 3.6%
94th		 8.9%
Dividend CAGR, 3 yr -8.4% -1.2%
28th		 1.9%
Sustainable growth rate 9.3% 3.5%
66th		 8.3%

Margin history & stability

MeasureAPOIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 89.6% 63.7%
92nd		 63.4%
Operating margin, 3-yr average 29.1% 33.3%
34th		 21.4%
Net margin, 3-yr average 14.1% 26.3%
32nd		 16.5%
FCF margin, 3-yr average 5.4% 28.9%
24th		 28.2%
Revenue stability (0-1) 0.80 0.58
68th		 0.86
Earnings stability (0-1) 0.27 0.40
39th		 0.37
Margin stability (0-1) 0.86 0.80
60th		 0.81

Liquidity (latest quarter)

MeasureAPOIndustry medianIndustry percentileSector median
Cash & short-term investments $26.8B $142.5M
96th		 $145.5M
Net cash (− = net debt) $13.1B −$692.3M
94th		 −$676.0M
Working capital $20.2B $90.6M
93rd		 $86.3M
Current ratio 3.21 1.16
71st		 1.19
Quick ratio 3.21 1.16
71st		 1.19
Cash ratio (cash + ST investments / current liabilities) 2.93 0.62
73rd		 0.55
Defensive interval (days) 645 days 365 days
70th		 417 days

Leverage & solvency (latest quarter)

MeasureAPOIndustry medianIndustry percentileSector median
Total debt $13.7B $1.3B
84th		 $1.2B
Debt / equity 0.65 0.99
29th		 0.81
Net debt / equity −0.62 0.84
5th		 0.66
Debt / assets 2.8% 37.6%
11th		 33.5%
Debt / capital 39.5% 49.7%
29th		 44.6%
Debt / EBITDA 1.16 4.80
19th		 3.20
Net debt / EBITDA −1.10 3.41
12th		 2.19
Interest coverage (EBIT / interest) 26.4x 2.6x
87th		 2.9x
Cash interest coverage 20.5x 3.1x
84th		 3.7x
Debt payback (years of OCF) 1.7 yrs 3.5 yrs
25th		 3.7 yrs
Liabilities / assets 91.6% 55.3%
93rd		 86.2%
IS credit model rating BBB+ — —
Implied credit spread (bps) 225 475
26th		 175

Efficiency

MeasureAPOIndustry medianIndustry percentileSector median
Asset turnover 0.07 0.12
21st		 0.15
Fixed asset turnover —
Inventory turnover —
Receivables turnover 6.7 8.4
39th		 8.2
Days sales outstanding 55 days 37 days
63rd		 43 days
Days inventory outstanding —
Days payables outstanding 97 days 49 days
67th		 39 days
Cash conversion cycle (days) −43 days −8 days
34th		 0 days
Capex / revenue 0.0% 0.0%
0th		 0.2%
Capex / depreciation 0.00 0.05
0th		 0.13
Operating expense ratio 37.6% 43.6%
39th		 38.9%

Cash flow & earnings quality

MeasureAPOIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.77 1.20
78th		 1.28
FCF / net income 2.77 0.99
84th		 1.15
FCF / operating cash flow 100.0% 99.6%
62nd		 98.5%
Capex / operating cash flow 0.0% 0.0%
0th		 0.6%
Accruals ratio -1.1% -1.4%
51st		 -2.0%
Sloan accruals ratio 17.5% -0.3%
93rd		 -0.6%
Earnings quality score (0-1) 1.00 0.75
60th		 0.75

Dividends & buybacks

MeasureAPOIndustry medianIndustry percentileSector median
Dividend yield 1.9% 6.6%
20th		 2.3%
Dividend per share (TTM) $2.15 $1.49
70th		 $1.03
Payout ratio (dividends / net income) 34.7% 67.8%
22nd		 30.0%
Dividends / FCF 12.5% 52.7%
11th		 49.0%
Dividend growth (YoY) -21.6% 6.9%
16th		 6.4%
Buyback yield 2.0% 1.0%
60th		 1.7%
Shareholder yield (dividends + buybacks) 3.5% 10.3%
16th		 5.2%
Share count change (YoY) 3.4% 0.0%
71st		 -0.3%
Buybacks, last 5 years $4.7B $40.9M
93rd		 $85.3M

Scores & forensic checks

MeasureAPOIndustry medianIndustry percentileSector median
IS score 54 45
64th		 53
IS profitability 54 60
42nd		 59
IS growth 51 53
33rd		 57
IS value 59 66
41st		 77
IS momentum 78 59
71st		 76
IS risk (safety) 15 15
6th		 65
IS quality 75 64
77th		 71
IS balance sheet 69 42
85th		 51
IS earnings quality 95 68
98th		 74
IS cash flow 84 69
82nd		 71
Piotroski F-score (0-9) 6 6
49th		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −6.80 −7.13
63rd		 −6.00
IS credit score 64 41
73rd		 68

Per share

MeasureAPOIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $4.72 $1.19
76th		 $3.36
Book value per share $34.44 $16.24
82nd		 $28.13
Tangible book per share $44.41 $13.69
91st		 $21.49
Revenue per share $56.07 $4.23
87th		 $17.62
FCF per share $13.09 $1.85
86th		 $1.99
Operating cash flow per share $13.09 $2.62
85th		 $2.45
Cash per share $43.96 $1.06
93rd		 $1.75

Size (TTM)

MeasureAPOIndustry medianIndustry percentileSector median
Market cap $65.4B $3.1B
92nd		 $2.5B
Revenue $34.2B $703.1M
94th		 $1.0B
EBITDA $11.9B $205.6M
95th		 $269.3M
Net income $2.9B $151.7M
93rd		 $168.0M
Free cash flow $8.0B $219.5M
96th		 $160.0M
Total assets $494.0B $2.9B
95th		 $8.5B
Shareholders' equity $21.0B $1.2B
91st		 $1.5B
Employees 6,140 1,700
78th		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-10Belardi James Richard
Director, See Remarks
 Gift 38,605——37,708
2026-08-14Kelly Martin
Chief Financial Officer
 Gift 1,534——399,533
2026-08-14Kelly Martin
Chief Financial Officer
 Open-market sale 3,000$140.84$422,535396,533
2026-08-07Black Leon D
other: See remarks.
 Other 1——1
2026-07-29Ldb 2014 Llc
other: See remarks.
 Other 3,000,000——3,647,120
2026-07-01Leach Brian
Director
 Award / grant 1,589——43,505
2026-07-01Cohn Gary D
Director
 Award / grant 1,986——7,139
2026-07-01Joyner Pamela J
Director
 Award / grant 1,589——16,524
2026-07-01Healey Kerry Murphy
Director
 Award / grant 1,589——22,294
2026-07-01O'Neill Mitra
Director
 Award / grant 1,589——33,704
2026-07-01Swann Lynn C
Director
 Award / grant 1,589——20,051
2026-07-01Beilinson Marc A
Director
 Award / grant 1,589——115,296

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1426,525$415,048
GiftDisposed7195,433—
Open-market saleDisposed558,644$7.7M
OtherDisposed13,000,000—
OtherAcquired11—
—Disposed30—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 15 trades (8 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-08-10Ro KhannaHousePurchase$1,001 - $15,0002026-09-07
2026-07-07Ro KhannaHouseSale$1,001 - $15,0002026-08-12
2026-05-01Ro KhannaHousePurchase$1,001 - $15,0002026-06-11
2026-04-14Gilbert CisnerosHousePurchase$1,001 - $15,0002026-05-11
2023-02-21Thomas R. CarperSenateSale (Partial)$1,001 - $15,0002023-03-01
2023-02-21Thomas R. CarperSenateSale (Partial)$1,001 - $15,0002023-02-28
2023-02-21Thomas Richard CarperSenateSale (Partial)$1,001 - $15,0002023-02-28
2022-01-18Thomas R. CarperSenateSale (Partial)$1,001 - $15,0002022-02-03
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.33,224,455$3.9B5.63%
VANGUARD CAPITAL MANAGEMENT LLC28,196,855$3.3B4.77%
FMR LLC24,220,604$2.9B4.10%
Capital Research Global Investors23,972,610$2.8B4.06%
STATE STREET CORP19,878,764$2.4B3.37%
Capital World Investors18,279,251$2.2B3.10%
VANGUARD PORTFOLIO MANAGEMENT LLC14,538,875$1.7B2.46%
FRANKLIN RESOURCES INC10,456,195$1.2B1.77%
GEODE CAPITAL MANAGEMENT, LLC10,396,296$1.2B1.76%
National Philanthropic Trust9,138,579$1.1B1.55%
NORGES BANK7,323,927$866.5M1.24%
BANK OF AMERICA CORP /DE/6,911,799$817.7M1.17%
UBS Group AG5,960,369$705.2M1.01%
Clearbridge Investments, LLC5,155,005$609.9M0.87%
GOLDMAN SACHS GROUP INC4,817,138$569.9M0.82%

Institutional ownership by quarter

2023-092026-0665.5%
% of shares held by 13F filers
2023-092026-061,175
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,17565.5%14949737590
2026-03-311,13165.2%127469407181
2025-12-311,20165.1%18848036992
2025-09-301,12562.6%126499335116
2025-06-301,13462.0%14548736385
2025-03-311,08862.7%135480336140
2024-12-311,11562.8%26240031463
2024-09-3094058.0%10633434482
2024-06-3093059.0%11835029164
2024-03-3188757.6%13234226767
2023-12-3183456.7%15029025951
2023-09-3074553.6%11925724143

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.07%$1.5B
VTSAX0.07%$1.5B
VTI0.07%$1.5B
VSMPX0.07%$1.5B
VFFSX0.08%$1.4B
VFIAX0.08%$1.4B

Share structure

Shares outstanding590,543,159
Float465,040,927
Free float78.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$6.0B$11.0B$32.6B$26.1B$30.3B
Cost of revenue$778.0M$927.0M$1.0B$1.1B$3.5B
Gross profit$5.2B$10.0B$31.6B$25.0B$26.8B
R&D$0$0$0$0$0
SG&A$3.2B$1.7B$2.6B$2.6B$3.5B
Operating income$2.0B−$4.4B$6.1B$8.3B$10.4B
EBITDA$5.8B−$3.5B$6.6B$8.8B$10.5B
Pretax income$4.9B−$4.2B$5.6B$7.4B$7.7B
Income tax$594.0M−$739.0M−$923.0M$1.1B$801.0M
Net income$1.8B−$2.0B$4.9B$4.4B$4.5B
EPS, diluted$7.32$-3.43$8.28$7.33$7.26
Diluted shares236.6M584.7M588.8M604.0M607.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.4B$127.4B$170.2B$206.0B$248.1B
Receivables$490.0M$4.8B$4.6B$8.8B$10.9B
Inventory$0$0$0$0$0
Total current assets$2.6B$133.9B$176.6B$215.7B$260.4B
PP&E, net$576.7M$877.1M$0$0$0
Goodwill & intangibles$117.0M$4.3B$4.3B$4.3B$5.9B
Total assets$30.5B$257.2B$313.5B$377.9B$460.9B
Accounts payable$2.8B$3.0B$3.3B$3.6B$3.9B
Total current liabilities$4.1B$184.3B$216.4B$269.6B$331.9B
Long-term debt$13.7B$6.5B$8.1B$10.6B$13.4B
Total liabilities$18.5B$241.8B$288.2B$346.9B$418.4B
Shareholders' equity$12.0B$15.4B$25.2B$31.0B$42.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$4.3B−$3.5B$4.9B$1.7B$3.4B
Depreciation & amortization$27.3M$529.0M$803.0M$1.1B$1.4B
Stock-based compensation$1.2B$540.0M$1.0B$721.0M$699.0M
Change in working capital$966.6M$5.9B$3.4B$2.1B$6.2B
Operating cash flow$1.1B$3.8B$6.3B$3.3B$7.5B
Capital expenditure−$64.7M−$202.5M$0$0$0
Free cash flow$999.3M$3.6B$6.3B$3.3B$7.5B
Investing cash flow−$1.6B−$23.4B−$42.4B−$61.8B−$61.2B
Net debt issued / repaid−$634.0M$1.7B$1.1B$2.7B$2.6B
Buybacks−$299.0M−$635.0M−$561.0M−$890.0M−$773.0M
Dividends paid−$554.0M−$962.0M−$1.0B−$1.2B−$1.3B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin62.6%93.6%96.9%95.6%88.5%
Operating margin33.3%-40.4%18.8%31.8%34.4%
Net margin30.8%-18.8%15.2%17.0%14.8%
FCF margin16.8%34.5%-36.7%12.5%17.8%
ROE70.3%-39.6%48.0%28.3%22.1%
ROIC10.5%3.1%-4.8%-4.0%-4.4%
ROA6.8%-1.4%1.7%1.3%1.1%
Debt / equity3.751.080.580.610.57
Interest coverage6.4xn/m22.7x22.9x29.0x
Current ratio0.630.730.820.800.78
Revenue growth+152.8%+84.3%+197.6%−20.0%+16.0%
EPS growth+1,345.0%−147.4%+333.6%−11.2%+0.4%
P/E at year end9.0xn/m11.0x22.2x19.6x
EV / EBITDA at year end5.0x23.9xn/mn/mn/m
FCF yield at year end6.07%10.73%-22.02%3.31%6.13%
Dividend payout30.2%—20.8%26.9%29.0%

Revenue by segment

FY2022FY2023FY2024FY2025
Retirement Services Segment$8.2B$29.1B$21.9B$27.0B
Asset Management Segment$2.8B$3.5B$4.2B$5.0B

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $2.21 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$22.9B$22.6B – $23.3B$8.68$8.38 – $8.771112.8x
2027$26.8B$25.4B – $27.9B$10.65$10.30 – $10.921110.4x
2028$30.1B$29.4B – $30.7B$12.25$9.78 – $14.5439.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$2.16$2.11−2.3%$5.6B$11.2B+97.4%
2026-05-06$1.89$1.94+2.6%$5.2B$5.1B−2.5%
2026-02-09$2.04$2.47+21.1%$4.8B$9.9B+106.7%
2025-11-04$1.90$2.14+12.6%$4.9B$9.8B+99.6%
2025-08-05$1.84$1.92+4.3%$4.6B$6.8B+49.1%
2025-05-02$1.84$1.82−1.1%$4.4B$5.5B+25.9%
2025-02-04$1.92$2.22+15.6%$962.1M$5.3B+449.1%
2024-11-05$1.73$1.81+4.6%$904.3M$7.8B+759.5%
2024-08-01$1.76$1.64−6.8%$873.2M$6.0B+589.2%
2024-05-02$1.78$1.72−3.4%$830.1M$7.0B+748.1%
2024-02-08$1.73$1.91+10.4%$829.6M$11.0B+1,231.5%
2023-11-01$1.71$1.710.0%$3.5B$2.6B−26.5%
2023-08-03$1.65$1.70+3.0%$3.3B$13.7B+310.0%
2023-05-09$1.47$1.42−3.4%$3.2B$5.3B+63.4%
2023-02-09$1.47$1.42−3.4%$931.8M$11.0B+1,077.1%
2022-11-02$1.19$1.33+11.8%$655.4M$3.0B+354.6%
2022-08-04$1.03$0.94−8.7%$605.8M$2.3B+275.1%
2022-05-05$1.01$1.52+50.5%$578.6M$875.0M+51.2%
2022-02-11$1.09$1.05−3.7%$564.1M$1.2B+111.9%
2021-11-02$1.11$1.71+54.1%$836.0M$1.1B+29.1%
2021-08-04$0.77$1.14+48.1%$1.1B$1.4B+26.5%
2021-05-04$0.59$0.66+11.9%$564.0M$2.3B+306.9%
2021-02-03$0.52$0.72+38.5%$1.2B$1.3B+8.2%
2020-10-29$0.49$0.47−4.1%$1.1B$1.0B−3.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-150.806-220.806-290.607-060.807-130.507-200.607-270.708-030.908-100.608-170.308-240.408-31
Week ofNotionalSharesTrades
2026-08-31$370.6M2,771,91268,657
2026-08-24$303.3M2,263,24054,912
2026-08-17$629.1M4,699,14690,230
2026-08-10$920.7M6,691,29496,065
2026-08-03$710.5M5,494,569102,411
2026-07-27$587.7M4,797,026103,326

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1538.4%
DateShort shareShort volumeTotal volume
2026-10-1538.4%638,8671,664,461
2026-10-1444.9%884,5581,969,446
2026-10-1354.2%775,1271,429,794
2026-10-1252.2%342,008655,358
2026-10-0941.5%634,6981,530,863
2026-10-0857.7%695,2171,204,359
2026-10-0748.9%489,6531,001,746
2026-10-0646.7%443,740950,792
2026-10-0542.0%519,0211,236,254
2026-10-0264.2%708,2711,102,773
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+5.0Jan-0.1Feb-3.6Mar+3.1Apr+2.0May+2.7Jun+3.5Jul-0.2Aug-1.0Sep+4.1Oct+5.1Nov+1.4Dec
MonthAvg returnUp yearsYears
Jan+5.0%67%15
Feb−0.1%47%15
Mar−3.6%25%16
Apr+3.1%53%15
May+2.0%53%15
Jun+2.7%60%15
Jul+3.5%67%15
Aug−0.2%40%15
Sep−1.0%47%15
Oct+4.1%67%15
Nov+5.1%67%15
Dec+1.4%53%15
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1429.9
MFI26.4
ADX37.8
Stochastic %K / %D12.0 / 22.9
Williams %R-95.7
CCI-112
TSI / signal-31.6 / -27.4
Chaikin money flow-0.20
ATR$3.80
Bollinger width14.6%
Volume vs 20-day avg1.00x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$117.68 (−5.9%)
SMA 50$126.49 (−12.4%)
SMA 200$124.88 (−11.3%)
EMA 21$118.01 (−6.1%)
EMA 50$122.45 (−9.5%)
EMA 200$126.18 (−12.2%)
Bollinger upper$126.29 (−12.3%)
Bollinger lower$109.07 (+1.6%)
Parabolic SAR$118.09 (−6.2%)
Open the live chart, 110+ indicators

About Apollo Global Management, Inc.

Apollo Global Management, Inc. operates as a prominent investment management firm, primarily concentrating its efforts across credit, private equity, and real estate asset classes. Within its private equity division, Apollo engages in a broad spectrum of transactions, ranging from traditional management buyouts, recapitalizations, and distressed acquisitions to corporate carve-outs, growth capital infusions, turnaround financing, bridge loans, strategic acquisitions, and industry consolidation initiatives. This also includes debt investments in real estate and corporate partnerships, along with investments in distressed assets and special situations within the middle market. Its client base is diverse, encompassing sovereign wealth and endowment funds, as well as various other institutional and private investors. The firm constructs and oversees bespoke portfolios for clients and actively manages a suite of investment vehicles, including hedge funds, real estate funds, and private equity funds. Globally, Apollo also deploys capital in fixed income and alternative investment markets. Its fixed income strategies span a wide array, featuring income-oriented senior secured loans, corporate bonds, collateralized loan obligations (CLOs), structured credit products, opportunistic and non-performing loans, distressed debt, mezzanine financing, and other value-oriented fixed income instruments. Apollo seeks investment opportunities across numerous sectors, such as chemicals, energy (including oil, gas, natural resources), metals and mining, agriculture, consumer and retail, distribution and transportation, financial and business services, manufacturing and industrial, media (distribution, cable, entertainment), telecommunications, technology, packaging and materials, and satellite and wireless communications. Geographically, the firm targets investments in Africa, North America (with a strong emphasis on the United States), and Europe, while also making significant inroads into Western Europe and Asia. Its investment methodology combines contrarian insights with a rigorous focus on intrinsic value and distressed situations. Apollo typically commits equity capital ranging from $10 million to $1.5 billion per transaction, generally pursuing companies with an enterprise value between $750 million and $2.5 billion. Proprietary in-house research underpins its investment selection process. The firm is open to acquiring both minority and controlling stakes in its portfolio companies. Established in 1990 and headquartered in New York, New York, Apollo maintains additional offices across North America, Asia, and Europe to support its global operations.

https://www.apollo.com

Key executives

NameTitlePayBorn
James Richard BelardiCo- Founder, Executive Chairman, Chief Investment Officer of Athene and Partner & Director$67.8M1957
John ZitoCo-President of Apollo Asset Management$23.0M1982
James Charles ZelterPresident & Director$9.0M1962
Martin Bernard KellyPartner & CFO$4.4M1968
Whitney ChatterjeePartner & Chief Legal Officer$2.5M1975
Marc Jeffrey RowanCo-Founder, Chief Executive Officer & Chairman of the Board$913,3671962
Gareth TurnerPartner of Private Equity in Miami—1964
Gregory W. SillsPartner, MD & COO——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
James Belardi, Executive Chairman and Chief Investment Officer of AHL2025$1.9M$3.4M$0$71.2M
John Zito, Co-President of AAM2025$100,000$27.1M$0$50.1M
Whitney Chatterjee, Chief Legal Officer2025$650,000$11.8M$0$14.3M
Martin Kelly, Chief Financial Officer2025$1.0M$9.5M$0$13.8M
Marc Rowan, Chief Executive Officer2025$100,000$0$0$913,367

Employees

3k20223k20233k20244k2025

Dividends

Ex-dateAmountPaid
2026-08-19$0.56252026-08-31
2026-05-19$0.56252026-05-29
2026-02-19$0.512026-02-27
2025-11-17$0.512025-11-28
2025-08-18$0.512025-08-29
2025-05-16$0.512025-05-30
2025-02-18$0.46252025-02-28
2024-11-18$0.46252024-11-29

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage38
Intangibles31
Switching costs46
Network effect52
Efficient scale70
Our component scores (0-100) and overall 45.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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