Apollo Global Management (APO) income statement
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
Apollo Global Management (APO) reported revenue of $11.2B for Q2 '26 (+64.5% year on year), operating income of $2.61B (23.2% of revenue) and net income of $1.36B. Over the last four quarters revenue was $36B.
Income statement
| Income statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6B | $11B | $7.04B | $6.02B | $7.77B | $5.28B | $5.55B | $6.81B | $9.82B | $9.86B | $5.06B | $11.2B | |
| Cost of revenue | $254M | $261M | $269M | $291M | $291M | $289M | $326M | $330M | $376M | $411M | $413M | $4.39B | |
| Gross profit | $2.34B | $10.8B | $6.77B | $5.73B | $7.48B | $4.99B | $5.22B | $6.48B | $9.45B | $9.45B | $4.64B | $6.82B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $927M | |
| General & administrative | $523M | $947M | $638M | $632M | $640M | $728M | $727M | $642M | $794M | $933M | $737M | $479M | |
| Other operating expenses | $727M | $7.73B | $3.73B | $3.38B | $4.59B | $2.34B | $2.96B | $4.39B | $5.48B | $6.42B | $3.11B | $2.81B | |
| Operating expenses | $1.25B | $8.68B | $4.36B | $4.01B | $5.23B | $3.07B | $3.69B | $5.04B | $6.28B | $7.35B | $3.85B | $4.21B | |
| Operating income | $1.09B | $2.1B | $2.41B | $1.71B | $2.26B | $1.92B | $1.53B | $1.45B | $3.17B | $2.11B | $794M | $2.61B | |
| Interest income | $59M | $43M | $32M | $62M | $46M | $32M | $34M | $5M | $35M | $57M | $55M | $5.76B | |
| Interest expense | $64M | $80M | $76M | $89M | $82M | $92M | $81M | $79M | $94M | $116M | $135M | $88M | |
| Other non-operating income (gains on investments, FX ...) | $144M | $63M | $144M | $187M | $88M | $106M | $271M | $524M | $179M | $237M | $376M | $32M | |
| Total non-operating income | -$208M | -$143M | -$220M | -$276M | -$170M | -$198M | -$352M | -$603M | -$273M | -$353M | -$511M | -$120M | |
| Income before tax | $883M | $1.96B | $2.19B | $1.44B | $2.09B | $1.72B | $1.18B | $845M | $2.9B | $1.75B | $283M | $2.49B | |
| Income tax | $243M | -$1.62B | $422M | $261M | $317M | $62M | $243M | $3M | $438M | $592M | $1.69B | $396M | |
| Net income | $658M | $2.76B | $1.38B | $822M | $782M | $1.44B | $442M | $630M | $1.74B | $684M | -$1.91B | $1.36B | |
| EPS (basic) | $1.10 | $4.75 | $2.31 | $1.36 | $1.29 | $2.42 | $0.68 | $1.00 | $2.82 | $2.78 | -$3.24 | $2.26 | |
| EPS (diluted) | $1.10 | $4.65 | $2.28 | $1.35 | $1.29 | $2.39 | $0.68 | $0.99 | $2.78 | $2.78 | -$3.24 | $2.15 | |
| Shares (basic, weighted) | 579M | 584M | 588M | 587M | 585M | 584M | 587M | 587M | 589M | 608M | 595M | 592M | |
| Shares (diluted, weighted) | 579M | 601M | 605M | 590M | 589M | 603M | 593M | 590M | 608M | 608M | 595M | 610M | |
| Depreciation & amortization | $241M | $217M | $238M | $260M | $281M | $296M | $308M | $332M | $400M | $391M | $397M | $414M | |
| EBITDA | $1.19B | $2.26B | $2.5B | $1.79B | $2.45B | $2.11B | $1.57B | $1.26B | $3.39B | $2.26B | $815M | $2.99B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.07B | $2.77B | $1.09B | $2.93B | $2.35B | $5.95B | $11B | $32.6B | $26.1B | $32B | |
| Cost of revenue | $849M | $1.04B | $460M | $515M | $628M | $778M | $927M | $1.03B | $1.14B | $1.44B | |
| Gross profit | $1.22B | $1.74B | $633M | $2.42B | $1.73B | $5.17B | $10B | $31.6B | $25B | $30.6B | |
| General & administrative | $247M | $258M | $382M | $1.08B | $818M | $3.2B | $1.7B | $2.57B | $2.64B | $3.1B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $12.7B | $22.9B | $14B | $19.3B | |
| Operating expenses | $247M | $258M | $382M | $1.08B | $818M | $3.2B | $14.4B | $25.5B | $16.7B | $22.3B | |
| Operating income | $977M | $1.48B | $252M | $1.34B | $908M | $1.98B | -$4.38B | $6.15B | $8.3B | $8.26B | |
| Interest income | $4.07M | $6.42M | $56.3M | $64.7M | $440M | $746M | $354M | $176M | $172M | $131M | |
| Interest expense | $43.5M | $52.9M | $90.7M | $127M | $381M | $907M | $124M | $258M | $226M | $370M | |
| Other non-operating income (gains on investments, FX ...) | -$127M | -$344M | $55.7M | -$194M | -$26M | -$3.79B | -$350M | $302M | $525M | $1.21B | |
| Total non-operating income | $83.6M | $291M | -$146M | $67.4M | -$355M | $2.89B | $129M | -$560M | -$864M | -$1.58B | |
| Income before tax | $1.06B | $1.77B | $105M | $1.41B | $553M | $4.86B | -$4.25B | $5.59B | $7.44B | $6.68B | |
| Income tax | $90.7M | $326M | $86M | -$129M | $86M | $594M | -$739M | -$923M | $1.06B | $1.28B | |
| Net income | $388M | $608M | -$28.5M | $808M | $157M | $1.84B | -$1.96B | $4.88B | $4.43B | $3.49B | |
| EPS (basic) | $2.11 | $3.12 | -$0.30 | $3.72 | $0.44 | $7.32 | -$3.43 | $8.32 | $7.39 | $5.58 | |
| EPS (diluted) | $2.11 | $3.10 | -$0.30 | $3.71 | $0.44 | $7.32 | -$3.43 | $8.28 | $7.33 | $5.54 | |
| Shares (basic, weighted) | 184M | 191M | 200M | 207M | 228M | 237M | 585M | 581M | 586M | 608M | |
| Shares (diluted, weighted) | 184M | 193M | 200M | 209M | 228M | 237M | 585M | 589M | 604M | 608M | |
| Depreciation & amortization | $18.7M | $18.4M | $15.2M | $15.8M | $19M | $27M | $529M | $803M | $1.08B | $1.43B | |
| EBITDA | $1.12B | $1.84B | $211M | $1.55B | $953M | $5.8B | -$3.5B | $6.65B | $8.85B | $8.48B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe 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