Apollo Global Management Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	22,858	18,845	14,553	9,384	3,699
Total Interest Expense	256	226	145	124	138
Net Interest Income	22,602	18,619	14,408	9,260	3,561
Asset Management Fee	3,612	2,721	2,395	1,946	2,223
Gain on Sale of Investments (Rev)	1,544	2,045	1,428	-12,717	-
Other Revenue	4,035	2,503	13,713	12,355	29
Revenue	31,793	25,888	31,944	10,844	5,813
Revenue Growth (YoY)	22.81%	-18.96%	194.58%	86.55%	161.73%
Salaries & Employee Benefits	2,993	2,608	2,722	1,943	2,544
Cost of Services Provided	20,225	15,070	23,242	14,924	482
Total Operating Expenses	24,460	18,619	26,652	17,311	3,026
Operating Income	7,333	7,269	5,292	-6,467	2,787
Other Non-Operating Income (Expenses)	168	245	266	532	412
EBT Excluding Unusual Items	7,501	7,514	5,558	-5,935	3,199
Merger & Restructuring Charges	-121	-239	-130	-133	-
Gain (Loss) on Sale of Investments	-703	160	-397	1,822	2,611
Other Unusual Items	-	-	555	-	-949
Pretax Income	6,677	7,435	5,586	-4,246	4,861
Income Tax Expense	1,276	1,062	-923	-739	594
Earnings From Continuing Ops.	5,401	6,373	6,509	-3,507	4,267
Minority Interest in Earnings	-1,909	-1,796	-1,462	1,546	-2,428
Net Income	3,492	4,577	5,047	-1,961	1,839
Preferred Dividends & Other Adjustments	-11	-54	-120	46	109
Net Income to Common	3,503	4,631	5,167	-2,007	1,730
Net Income Growth	-23.71%	-9.31%	-	-	1071.34%
Shares Outstanding (Basic)	589	586	581	585	237
Shares Outstanding (Diluted)	594	604	589	585	237
Shares Change (YoY)	-1.72%	2.58%	0.71%	147.16%	3.97%
EPS (Basic)	5.94	7.90	8.89	-3.43	7.31
EPS (Diluted)	5.54	7.33	8.28	-3.43	7.31
EPS Growth	-24.44%	-11.51%	-	-	1562.03%
Free Cash Flow	7,246	3,253	6,322	3,789	1,064
Free Cash Flow Per Share	12.21	5.38	10.74	6.48	4.50
Dividend Per Share	2.040	1.840	1.720	1.600	1.900
Dividend Growth	10.87%	6.98%	7.50%	-15.79%	-5.94%
Operating Margin	23.06%	28.08%	16.57%	-59.64%	47.94%
Profit Margin	11.02%	17.89%	16.18%	-18.51%	29.76%
Free Cash Flow Margin	22.79%	12.57%	19.79%	34.94%	18.30%
Effective Tax Rate	19.11%	14.28%	-	-	12.22%
Revenue as Reported	32,049	26,114	32,644	10,968	5,951

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.