Apollo Global Management (APO) balance sheet
NYSE · Financial Services · Asset Management · 6,140 employees · CEO Marc Jeffrey Rowan
- Price
- $115.84 -2.29%
- Market cap
- $68.4B
- Enterprise value
- $55.3B
- Last report
- Q2 '26 filed 2026-08-10
- Next report
- 2026-11-03 EPS est. $2.19
At the end of Q2 '26 Apollo Global Management (APO) held $26.8B in cash and short-term investments against $13.7B of debt incl. leases. Total assets $494B, total liabilities $453B, shareholders' equity $21B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $12.9B | $15.9B | $18.1B | $16.9B | $16.7B | $16.2B | $13.3B | $13.2B | $18.4B | $19.2B | $22.6B | $26.8B | |
| Short-term investments | $136B | $154B | $165B | $173B | $188B | $190B | $203B | $218B | $228B | $229B | $231B | $0 | |
| Receivables | $4.57B | $4.6B | $5.62B | $6.67B | $8.03B | $8.78B | $9.42B | $9.27B | $10.8B | $10.9B | $11.2B | $963M | |
| Other current assets | $1.49B | $1.76B | $1.58B | $1.1B | $967M | $946M | $2.21B | $2.49B | $2.79B | $1.35B | $1.18B | $1.6B | |
| Current assets | $155B | $177B | $190B | $197B | $214B | $216B | $228B | $243B | $260B | $260B | $266B | $29.4B | |
| Long-term investments | $101B | $107B | $111B | $115B | $120B | $126B | $132B | $139B | $147B | $158B | $160B | $419B | |
| Goodwill | $4.32B | $4.33B | $4.33B | $4.33B | $4.34B | $4.33B | $4.33B | $4.34B | $5.9B | $5.92B | $5.91B | $5.91B | |
| Intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.28B | |
| Other non-current assets | $22.7B | $25.8B | $28.4B | $30.5B | $30.5B | $32.3B | $30.7B | $33.2B | $36.7B | $36.9B | $35.7B | $30.4B | |
| Non-current assets | $128B | $137B | $144B | $149B | $155B | $162B | $167B | $176B | $190B | $201B | $202B | $465B | |
| Total assets | $283B | $313B | $334B | $347B | $369B | $378B | $395B | $420B | $450B | $461B | $468B | $494B | |
| Liabilities | |||||||||||||
| Accounts payable | $3.66B | $3.34B | $3.43B | $3.64B | $3.91B | $3.62B | $3.77B | $4.08B | $4.33B | $3.86B | $3.86B | $0 | |
| Short-term debt | $31M | $31M | $16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $189B | $205B | $220B | $228B | $245B | $254B | $273B | $292B | $310B | $316B | $327B | $0 | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$500M | $0 | $0 | $1.17B | |
| Current liabilities | $201B | $216B | $233B | $243B | $258B | $270B | $285B | $304B | $324B | $332B | $340B | $9.15B | |
| Long-term debt | $7.01B | $8.06B | $9.58B | $9.82B | $9.81B | $10.6B | $10.6B | $12.1B | $12.6B | $13.4B | $14.2B | $13.7B | |
| Other non-current liabilities | $57B | $63.7B | $64.8B | $65.6B | $69.3B | $66.7B | $66.9B | $69.2B | $72.8B | $73.2B | $73.6B | $430B | |
| Non-current liabilities | $64B | $71.8B | $74.4B | $75.4B | $79.1B | $77.3B | $77.5B | $81.4B | $85.4B | $86.5B | $87.8B | $443B | |
| Total liabilities | $265B | $288B | $307B | $318B | $337B | $347B | $363B | $386B | $410B | $418B | $428B | $453B | |
| Equity | |||||||||||||
| Retained earnings | $535M | $2.97B | $3.86B | $4.38B | $4.87B | $6.02B | $5.63B | $5.92B | $7.31B | $7.63B | $5.16B | $6.15B | |
| Accumulated other comprehensive income | -$8.1B | -$5.58B | -$5.64B | -$5.82B | -$3.47B | -$5.49B | -$4.58B | -$3.69B | -$2.49B | -$2.65B | -$3.14B | -$3.21B | |
| Shareholders' equity | $8.44B | $14B | $14.8B | $15.3B | $17.9B | $17.3B | $18B | $19.3B | $23.1B | $23.3B | $20B | $21B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $7.04B | $8.09B | $9.6B | $9.82B | $9.81B | $10.6B | $10.6B | $12.1B | $12.6B | $13.4B | $14.2B | $13.7B | |
| Net debt (debt - cash) | -$5.9B | -$7.84B | -$8.54B | -$7.07B | -$6.85B | -$5.58B | -$2.72B | -$1.1B | -$5.78B | -$5.88B | -$8.35B | -$13.1B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $855M | $480M | $659M | $1.6B | $2.45B | $1.38B | $9.45B | $15.9B | $16.2B | $19.2B | |
| Short-term investments | $0 | $365M | $0 | $0 | $0 | $0 | $118B | $154B | $190B | $229B | |
| Receivables | $1.52B | $315M | $395M | $466M | $511M | $490M | $4.82B | $4.6B | $8.78B | $10.9B | |
| Other current assets | $4.68M | $3.88M | $3.46M | $19.8M | $17.7M | $650M | $1.61B | $1.76B | $946M | $1.35B | |
| Current assets | $2.46B | $1.35B | $1.11B | $2.14B | $3.02B | $2.58B | $134B | $177B | $216B | $260B | |
| Property, plant & equipment (net) | $25.2M | $19.2M | $20M | $233M | $375M | $577M | $877M | $0 | $0 | $0 | |
| Long-term investments | $2.41B | $5.12B | $4.29B | $5.38B | $19.1B | $26.1B | $98.9B | $107B | $126B | $158B | |
| Goodwill | $88.9M | $88.9M | $88.9M | $93.9M | $117M | $117M | $4.32B | $4.33B | $4.33B | $5.92B | |
| Intangible assets | $22.7M | $18.8M | $18.9M | $20.6M | $23.6M | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax assets | $572M | $338M | $306M | $473M | $539M | $424M | $634M | $0 | $0 | $0 | |
| Other non-current assets | $56.5M | $53.3M | $159M | $202M | $462M | $715M | $18.6B | $25.8B | $32.3B | $36.9B | |
| Non-current assets | $3.17B | $5.64B | $4.88B | $6.4B | $20.6B | $27.9B | $123B | $137B | $162B | $201B | |
| Total assets | $5.63B | $6.99B | $5.99B | $8.54B | $23.7B | $30.5B | $257B | $313B | $378B | $461B | |
| Liabilities | |||||||||||
| Accounts payable | $57.5M | $68.9M | $70.9M | $94.4M | $120M | $2.85B | $2.98B | $3.34B | $3.62B | $3.86B | |
| Short-term debt | $362M | $371M | $71.4M | $54.5M | $40.5M | $38M | $35M | $31M | $0 | $0 | |
| Deferred revenue | $175M | $128M | $111M | $84.6M | $30.4M | $0 | $174B | $205B | $254B | $316B | |
| Current liabilities | $1.78B | $1.75B | $1.13B | $1.49B | $1.64B | $4.11B | $184B | $216B | $270B | $332B | |
| Long-term debt | $1.78B | $1.99B | $2.14B | $3.45B | $14.2B | $13.7B | $6.49B | $8.06B | $10.6B | $13.4B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $209M | $333M | $505M | $664M | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $175M | $128M | $111M | $84.6M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $27.5M | $223M | $153M | $270M | $1.15B | $276M | $50.3B | $63.7B | $66.7B | $73.2B | |
| Non-current liabilities | $1.98B | $2.35B | $2.41B | $4.01B | $15.7B | $14.4B | $57.5B | $71.8B | $77.3B | $86.5B | |
| Total liabilities | $3.76B | $4.09B | $3.54B | $5.5B | $17.4B | $18.5B | $242B | $288B | $347B | $418B | |
| Equity | |||||||||||
| Retained earnings | -$986M | -$379M | -$473M | $0 | $0 | $1.14B | -$1.01B | $2.97B | $6.02B | $7.63B | |
| Accumulated other comprehensive income | -$8.72M | -$1.81M | -$4.16M | -$4.58M | -$2.07M | -$5M | -$7.34B | -$5.58B | -$5.49B | -$2.65B | |
| Shareholders' equity | $835M | $1.46B | $1.38B | $1.85B | $1.43B | $3.79B | $6.64B | $14B | $17.3B | $23.3B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $2.14B | $2.36B | $2.22B | $3.71B | $14.6B | $14.2B | $7.19B | $8.09B | $10.6B | $13.4B | |
| Net debt (debt - cash) | $1.28B | $1.52B | $1.56B | $2.11B | $12.2B | $12.8B | -$2.27B | -$7.84B | -$5.58B | -$5.88B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01