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Companies / Financials / Apollo Global Management
APO

Apollo Global Management

FinancialsBanks & BrokersDeregistered 2026-08-11S&P 500
Ticker APONEW YORK, NYFiscal year ends DecemberBook value per share $35.41Diluted shares 593.3M

Apollo Global Management, Inc. (NYSE: APO) is a high-growth, global alternative asset manager and retirement services provider founded in 1990. The company operates through three primary reportable segments: Asset Management, Retirement Services, and Principal Investing. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$32.05BFY2025
+22.7% year over year
Last 12 mo $35.90B
0.00%FY2025
$5.40BFY2025
−15.3% year over year
Last 12 mo $4.30B
14.96%FY2025
−11.6 percentage points
Last 12 mo 8.93%
Cash & financing
$7.25BFY2025
+122.7% year over year
Last 12 mo $9.47B
$7.25BFY2025
+122.7% year over year
Last 12 mo $9.47B
0.57FY2025
Was 15.31× a year earlier
Last 12 mo 0.65
593.7MFY2025
−1.7% year over year
Last 12 mo 593.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Apollo Global Management does

In the company’s own words

Apollo Global Management, Inc. (NYSE: APO) is a high-growth, global alternative asset manager and retirement services provider founded in 1990. The company operates through three primary reportable segments: Asset Management, Retirement Services, and Principal Investing.

The Asset Management segment represents the company's largest business division, managing $938.4 billion in assets under management as of December 31, 2025. This segment focuses on credit and equity investing strategies across multiple asset classes and geographies. The credit strategy, encompassing $749.2 billion of AUM, spans direct origination, asset-backed finance, opportunistic credit, and multi-credit investments. The equity strategy manages $189.2 billion of AUM across corporate private equity, hybrid value, secondaries, real estate equity, infrastructure, and clean transition equity investments. The Asset Management segment employs approximately 4,130 people, including employees from Bridge Investment Group Holdings Inc., which Apollo acquired in September 2025 to expand its real estate equity product offerings.

The Retirement Services segment operates through Athene Holding Ltd., a leading financial services company specializing in retirement savings products including fixed indexed annuities, fixed rate annuities, and payout annuities. Apollo provides asset management and advisory services to Athene through its consolidated subsidiary ISG and related entities.

The Principal Investing segment reflects Apollo's direct investments in the funds it manages, generating returns through realized performance fees and investment income.

Apollo's business model emphasizes a contrarian, value-oriented investment approach with downside protection and capital preservation. The company operates an integrated platform where investment teams collaborate across disciplines to identify opportunities across companies' capital structures. The firm generates revenue through management fees based on assets under management, capital solutions fees from underwriting and structuring activities, and performance-based incentive fees from fund realizations.

The company maintains a global presence with offices throughout the world and serves institutional and individual investors. Apollo's website is located at www.apolloglobal.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1858681
SIC
6282

Financial performance, year by year

Fiscal 2022–2025 · USD
$-8.81B$3.38B$15.58B$27.77B$39.96B2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Apollo Global Management — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

685
funds hold it
2 of 35
superinvestors hold it
$21.40B
held by funds, at market
29.5%
of shares held by funds
6
bond issues held by funds

Superinvestors in Apollo Global Management · what they did last quarter

Chase ColemanDECREASED -17.3%
Tiger Global Management
1.3%of 13F portfolio
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.9%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Apollo Global Management’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.08%of fund net assets
0.34%of fund net assets
—of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Apollo Global Management’s bonds, as funds hold them

Funds report holding 6 issues of Apollo Global Management’s debt, $686.32M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.59%, maturing 2031 to 2054.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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