Apollo Global Management, Inc. logo

Apollo Global Management, Inc.

APO

NYSEFinancial ServicesAsset Management

Latest quote

$132.66

+$2.71 · +2.08%

Aug 21, 3:55 PM ET

APO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

53

Fair Value

Momentum

35

Weakening

Sentiment

51

Mixed

Risk resilience

60

Moderate Risk

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Company profile

Company website

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.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Marc Jeffrey Rowan
Listed since
Mar 30, 2011
Employees
6,140

Market position

Volume
2.21M
0.54× average
Average volume
4.12M
Average daily volume
Market cap
76.43B USD
Beta
1.51
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
82.13B USD
P/E (TTM)
28.72×
P/B (TTM)
3.74×
P/S (TTM)
2.13×
EV / EBITDA
9.69×
Earnings yield
3.97%
Free cash flow yield
8.47%
Dividend yield
1.62%

Profitability & efficiency

Gross margin
84.45%
Operating margin
24.13%
Net margin
5.22%
Return on equity
14.96%
Return on assets
0.76%
Return on invested capital
5.18%

Financial health

Debt / equity
0.65×
Current ratio
0.78×
Altman Z-score
0.29
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends111%56%1%-54%Gross margin, FY2021: 86.93%Gross margin, FY2022: 91.55%Gross margin, FY2023: 96.85%Gross margin, FY2024: 95.63%Gross margin, FY2025: 95.50%Operating margin, FY2021: 33.20%Operating margin, FY2022: -39.89%Operating margin, FY2023: 18.83%Operating margin, FY2024: 31.78%Operating margin, FY2025: 25.77%Net margin, FY2021: 30.90%Net margin, FY2022: -17.88%Net margin, FY2023: 14.95%Net margin, FY2024: 16.95%Net margin, FY2025: 10.90%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 86.93%. Gross margin FY2022 91.55%. Gross margin FY2023 96.85%. Gross margin FY2024 95.63%. Gross margin FY2025 95.50%. Operating margin FY2021 33.20%. Operating margin FY2022 -39.89%. Operating margin FY2023 18.83%. Operating margin FY2024 31.78%. Operating margin FY2025 25.77%. Net margin FY2021 30.90%. Net margin FY2022 -17.88%. Net margin FY2023 14.95%. Net margin FY2024 16.95%. Net margin FY2025 10.90%.

Income trends

Revenue

32.05B USD+22.73%

Operating income

8.26B USD-0.49%

Net income

3.49B USD-21.10%
Income trends across reported periods36.35B USD21.54B USD6.73B USD−8.08B USDRevenue, FY2021: 5.95B USDRevenue, FY2022: 10.97B USDRevenue, FY2023: 32.64B USDRevenue, FY2024: 26.11B USDRevenue, FY2025: 32.05B USDOperating income, FY2021: 1.98B USDOperating income, FY2022: −4.38B USDOperating income, FY2023: 6.15B USDOperating income, FY2024: 8.3B USDOperating income, FY2025: 8.26B USDNet income, FY2021: 1.84B USDNet income, FY2022: −1.96B USDNet income, FY2023: 4.88B USDNet income, FY2024: 4.43B USDNet income, FY2025: 3.49B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.95B USD. Revenue FY2022 10.97B USD. Revenue FY2023 32.64B USD. Revenue FY2024 26.11B USD. Revenue FY2025 32.05B USD. Operating income FY2021 1.98B USD. Operating income FY2022 −4.38B USD. Operating income FY2023 6.15B USD. Operating income FY2024 8.3B USD. Operating income FY2025 8.26B USD. Net income FY2021 1.84B USD. Net income FY2022 −1.96B USD. Net income FY2023 4.88B USD. Net income FY2024 4.43B USD. Net income FY2025 3.49B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue32.05B USD26.11B USD32.64B USD10.97B USD5.95B USD
Cost of goods sold1.44B USD1.14B USD1.03B USD927M USD778M USD
Gross profit30.61B USD24.97B USD31.62B USD10.04B USD5.17B USD
Selling, general, and administrative3.1B USD2.64B USD2.57B USD1.7B USD3.2B USD
Operating expenses22.35B USD16.68B USD25.47B USD14.42B USD3.2B USD
Interest income131M USD172M USD176M USD354M USD746M USD
Interest expense370M USD226M USD258M USD124M USD907M USD
Depreciation and amortization1.43B USD1.08B USD803M USD529M USD27M USD
Operating income8.26B USD8.3B USD6.15B USD−4.38B USD1.98B USD
Net income3.49B USD4.43B USD4.88B USD−1.96B USD1.84B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+5.31%
11 comparable reports
Latest EPS result
2.11
Estimate 2.16 · Miss by 2.31%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.572.2921.72Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 2.22, estimate 1.92, surprise +15.63%, Beat. Q2 2025, reported May 2, 2025: actual 1.82, estimate 1.84, surprise -1.09%, Miss. Q3 2025, reported Aug 5, 2025: actual 1.92, estimate 1.84, surprise +4.35%, Beat. Q4 2025, reported Nov 4, 2025: actual 2.14, estimate 1.9, surprise +12.63%, Beat. Q1 2026, reported Feb 9, 2026: actual 2.47, estimate 2.04, surprise +21.08%, Beat. Q2 2026, reported May 6, 2026: actual 1.94, estimate 1.89, surprise +2.65%, Beat. Q3 2026, reported Aug 4, 2026: actual 2.11, estimate 2.16, surprise -2.31%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 2.28, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates11.97B8.25B4.53B817.8MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 5.28B USD, estimate 962.11M USD, surprise +449.10%, Beat. Q2 2025, reported May 2, 2025: actual 5.55B USD, estimate 4.41B USD, surprise +25.94%, Beat. Q3 2025, reported Aug 5, 2025: actual 6.81B USD, estimate 4.57B USD, surprise +49.11%, Beat. Q4 2025, reported Nov 4, 2025: actual 9.82B USD, estimate 4.92B USD, surprise +99.64%, Beat. Q1 2026, reported Feb 9, 2026: actual 9.86B USD, estimate 4.77B USD, surprise +106.75%, Beat. Q2 2026, reported May 6, 2026: actual 5.06B USD, estimate 5.19B USD, surprise -2.51%, Miss. Q3 2026, reported Aug 4, 2026: actual 11.15B USD, estimate 5.65B USD, surprise +97.44%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 5.89B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$145

9.28% upside
Past 12 months12-month forecast

Price history unavailable

High $145Average $145Low $145

Rating distribution

28 ratings
Strong buy00%
Buy2382%
Hold518%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

APO news

APO peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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