Apollo Global Management (APO)财务
NYSE · Financial Services · Asset Management · 员工6,140人 · CEO Marc Jeffrey Rowan
- 股价
- $115.84 -2.29%
- 市值
- $684亿
- 企业价值
- $553亿
- 最近财报
- Q2 '26 2026-08-10提交
- 下次财报
- 2026-11-03 EPS预期 $2.19
营收(TTM)$360亿+41.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)24.1%-4.0 百分点 对比去年同期营业利润 $86.8亿
净利润(TTM)$18.8亿-43.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$79.9亿+93.7% 对比去年同期资本支出 $0
稀释EPS(TTM)$4.47-16.4% 对比去年同期最近4个季度之和
净现金$131亿-94.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $684亿 EV $553亿
- 营收
- $360亿 过去12个月
- 营收增速
- – 下一财年
- 净利润率
- 5.2% 净利润 / 营收,TTM
- P/E
- 25.1×
- P/S
- 1.9× 股价 / 营收,TTM
- EV / EBITDA
- 5.9× TTM
- 自由现金流
- $79.9亿 过去12个月
- 净利润
- $18.8亿 过去12个月
- 营收预期
- – 下一财年
- 盈利
- 2026-11-03 营收预期 $57.9亿
- 股息
- $2.15 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收超预期97.4%,EPS 低于预期2.3%营收$112亿,预期$56.5亿(+97.4%);EPS $2.11,预期$2.16(-2.3%)。
- 营收增长加速:同比64.5%Q2 '26营收$112亿,此前四个季度的平均值为29.4%。
- 营业利润率24.1%(TTM),较去年同期-4.0 百分点营收增长41.4%,营业利润增长21.2%。
- 税前利润的16.9%被营业外亏损吞噬税前利润$74.2亿,营业利润$86.8亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.0%(去年为0.0%)最近4个季度投入$0(同比–)。自由现金流$79.9亿,相当于净利润的426.0%。
- 股东回报$22.4亿 = 自由现金流的28.0%回购$13.1亿(去年为$7.48亿),股息$9.29亿,股权激励$9亿(TTM)。
- 稀释股数一年内增加3.3%Q2 '26稀释股数6.1亿,一年前为5.9亿。
- 净现金 $131亿现金 + 短期投资 $268亿,含租赁债务 $137亿;一年前净现金 $2190亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $112亿 | $68.1亿 | +64.5% |
| 毛利率 | 60.8% | 95.2% | -34.3 百分点 |
| 营业利润 | $26.1亿 | $14.5亿 | +79.9% |
| 营业利润率 | 23.2% | 21.3% | +2.0 百分点 |
| 净利润 | $13.6亿 | $6.3亿 | +116.0% |
| 稀释EPS | $2.15 | $0.99 | +117.2% |
| 经营现金流 | $32.5亿 | $12.6亿 | +157.1% |
| 资本支出 | $0 | $0 | – |
| 自由现金流 | $32.5亿 | $12.6亿 | +157.1% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $2.12亿 | $1.66亿 | +27.7% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $112亿 | $56.5亿 | +97.4% |
| EPS(一致预期口径) | $2.11 | $2.16 | -2.3% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Retirement Services Segment | $95.3亿 | +3,376.6% | 85.4% | – | – | |
| Asset Management Segment | $16.3亿 | +2,482.5% | 14.6% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Private Equity Segment | $1.76亿 | +18.1% | 100.0% | $6.34亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $79.9亿
- 资本支出
- $0
- 股票回购
- -$13.1亿
- 股息
- -$9.29亿
- 收购
- -$133亿
- 债务净发行
- $21.9亿
- 股权激励费用
- $9亿
- 自由现金流
- $79.9亿
- 股东回报 / FCF
- 28.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 25.1× | 17.3× 5年中的4年 | 9.9× – 25.9× |
| EV / EBITDA | 5.9× | 8.0× 5年中的4年 | 5.2× – 10.3× |
| EV / 营收 | 1.5× | 3.1× | 1.4× – 5.0× |
| 股价 / FCF | 8.6× | 15.5× | 8.6× – 29.8× |
| 股价 / 净资产 | 3.3× | 4.7× | 3.8× – 5.6× |
| FCF收益率 | 11.7% | 7.8% | 3.4% – 11.7% |
| 投入资本回报率 | 1.0% | 3.9% | -5.0% – 6.6% |
| 净资产收益率 | 8.6% | 18.9% | -29.5% – 48.5% |
分析师
一致目标价 $136.00 (+17.4%)
区间 $127.00 – $145.00 · 评级 Buy
强烈买入0
买入23
持有5
卖出0
强烈卖出0
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Apollo Global Management, Inc.在近期10-Q / 10-K文件中标记的全部273项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accretion (Amortization) of Discounts and Premiums, Investments | $4800万 | $4800万 | 0.0% | $2.02亿 | $1.23亿 | +64.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$32.1亿 | -$36.9亿 | +13.1% | -$26.5亿 | -$54.9亿 | +51.9% |
| Additional Paid in Capital | $167亿 | $157亿 | +6.2% | $170亿 | $153亿 | +10.6% |
| Adjustments to Additional Paid in Capital, Warrant Issued | $02025-12-31 | – | – | $5400万 | $1.09亿 | -50.5% |
| AociMarketRiskBenefitInstrumentSpecificCreditRiskBeforeTax | -$2.24亿 | -$1.76亿 | -27.3% | -$2.6亿 | -$1.57亿 | -65.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2.16亿 | $1.45亿 | +49.0% | $7.1亿 | $6.49亿 | +9.4% |
| Assets | $4940亿 | $4200亿 | +17.8% | $4610亿 | $3780亿 | +22.0% |
| Assets Held-in-trust | $332亿2025-12-31 | $261亿 | +27.2% | $332亿 | $261亿 | +27.2% |
| Assets Sold under Agreements to Repurchase, Carrying Amount | $32.4亿 | $35.4亿 | -8.3% | $60.4亿 | $57.2亿 | +5.7% |
| Assets, Fair Value Disclosure | $4200亿 | – | – | $3870亿 | $3060亿 | +26.2% |
| Assumed Premiums Earned | – | – | – | $16.6亿 | $3.13亿 | +430.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $284亿 | $150亿 | +89.8% | $206亿 | $171亿 | +20.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $46.7亿 | -$5.42亿 | +961.4% | $34.8亿 | -$5.79亿 | +700.9% |
| Ceded Premiums Earned | – | – | – | $8700万 | $8400万 | +3.6% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $82.56 | $82.73 | -0.2% | $82.56 | – | – |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | – | – | – | 260万2025-04-30 | – | – |
| Common Stock, Dividends, Per Share, Declared | $0.56 | $0.51 | +10.3% | $1.99 | $1.81 | +9.9% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 900亿 | 900亿 | 0.0% | 900亿 | 900亿 | 0.0% |
| Common Stock, Shares, Issued | 5.76亿 | 5.72亿 | +0.7% | 5.79亿 | 5.66亿 | +2.3% |
| Common Stock, Shares, Outstanding | 5.76亿 | 5.72亿 | +0.7% | 5.79亿 | 5.66亿 | +2.3% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $5.86亿 | $4.35亿 | +34.7% | $24亿 | $17亿 | +41.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $13亿 | $15.2亿 | -14.7% | $63.4亿 | $46.6亿 | +36.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $18.8亿 | $19.6亿 | -3.7% | $87.4亿 | $63.6亿 | +37.5% |
| Contract with Customer, Liability, Revenue Recognized | $600万 | $1200万 | -50.0% | $9900万 | $1.55亿 | -36.1% |
| Convertible Preferred Stock, Shares Issued upon Conversion | 1002025-12-31 | 235 | -57.4% | 100 | 235 | -57.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $4.74亿 | $10.8亿 | -56.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $8600万 | $2300万 | +273.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.33亿 | $11.6亿 | -45.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $7300万 | $5500万 | +32.7% |
| Debt Instrument, Fair Value Disclosure | $131亿 | $118亿 | +11.0% | $131亿 | $102亿 | +28.9% |
| Debt Securities, Available-for-sale | $2300亿 | $2100亿 | +9.3% | $2190亿 | $1840亿 | +18.7% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $20.3亿 | $34.3亿 | -40.7% | $35.4亿 | $12.6亿 | +181.5% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $131亿 | $136亿 | -3.4% | $123亿 | $163亿 | -24.4% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $7.04亿 | $7.61亿 | -7.5% | $7.58亿 | $7.09亿 | +6.9% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | $100万 | $4200万 | -97.6% | $5500万 | $1.18亿 | -53.4% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not to Sell before Recovery, Credit Loss, Previously Recorded, Expense (Reversal) | -$1300万 | $1500万 | -186.7% | $6500万 | $4100万 | +58.5% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease) | $1500万 | $5600万 | -73.2% | – | – | – |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold | $2800万 | $500万 | +460.0% | $7100万 | $4100万 | +73.2% |
| Debt Securities, Available-for-sale, Amortized Cost | $2420亿 | $2210亿 | +9.2% | $2280亿 | $2000亿 | +14.1% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $509亿 | $587亿 | -13.4% | $560亿 | $628亿 | -10.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $113亿 | $123亿 | -7.9% | $113亿 | $140亿 | -19.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 4,820 position | 5,525 position | -12.8% | 5,112 position | 6,087 position | -16.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $681亿 | $373亿 | +82.6% | $459亿 | $418亿 | +9.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $14.6亿 | $9.39亿 | +55.1% | $6.65亿 | $13.2亿 | -49.8% |
| Debt Securities, Available-for-sale, Realized Gain | $7.45亿 | $15.2亿 | -51.0% | $27.4亿 | $9.77亿 | +180.7% |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $3.23亿 | $13.8亿 | -76.6% | $15.1亿 | -$10亿 | +250.3% |
| Debt Securities, Available-for-sale, Realized Loss | $4.22亿 | $1.42亿 | +197.2% | $12.4亿 | $19.8亿 | -37.5% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $1190亿 | $960亿 | +23.9% | $1020亿 | $1050亿 | -2.5% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $128亿 | $132亿 | -3.4% | $119亿 | $153亿 | -22.2% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 6,551 position | 6,857 position | -4.5% | 6,492 position | 7,745 position | -16.2% |
| Debt Securities, Trading, Realized Gain (Loss) | $6400万 | $2.61亿 | -75.5% | $3.8亿 | -$1.7亿 | +323.5% |
| Debt Securities, Trading, Unrealized Gain (Loss) | $8700万 | $1.18亿 | -26.3% | $2.22亿 | -$4200万 | +628.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3.49亿 | -$7700万 | +553.2% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $2.74亿 | -$3000万 | +1,013.3% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $6.43亿 | -$9900万 | +749.5% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $2000万 | $800万 | +150.0% |
| Deferred Tax Assets, Tax Credit Carryforwards, Foreign | $17亿2026-03-31 | – | – | $17亿 | $6600万 | +2,475.8% |
| Deferred Tax Assets, Valuation Allowance | $2.51亿2025-12-31 | $7500万 | +234.7% | $2.51亿 | $7500万 | +234.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-01