Apollo Commercial Real Estate Finance, Inc. (ARI)

ARI Income Statement

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

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Interest and Dividend Income	506.71	632.23	626.78	624.2	649.93	662.91	702.93	727.08	727.99	726.99	718.28	700.88	653.02	587.7	512.1	452.29	421.25	421.56	428.12	424.24
Total Interest Expense	378.36	468.95	460.09	458.11	476.83	481.12	503.95	513.59	501.32	489.13	466.11	439.54	390.02	330.28	270.53	218.68	188.77	171.98	162.52	153.16
Net Interest Income	128.35	163.27	166.69	166.09	173.1	181.79	198.98	213.49	226.67	237.86	252.17	261.34	262.99	257.42	241.58	233.61	232.49	249.58	265.59	271.08
Other Revenue	109.54	101.13	104.9	102.7	105.65	107.16	104.69	103.88	100.29	100.15	92.42	86.24	79.73	69.15	62.06	53.75	45.21	27.96	18.92	7.27
Revenue Before Loan Losses	237.89	264.41	271.59	268.79	278.75	288.95	303.67	317.37	326.95	338.01	344.59	347.58	342.72	326.58	303.64	287.35	277.7	277.54	284.51	278.35
Provision for Loan Losses	-386.41	-4.07	3.23	-0.5	4.96	12.11	155.78	156.27	151.33	202.72	59.43	80.48	30.75	-31.84	-17.62	-36.08	13.72	-14.92	-34.77	-62.94
Revenue	624.29	268.48	268.36	269.3	273.78	276.84	147.89	161.1	175.62	135.29	285.16	267.1	311.98	358.42	321.26	323.43	263.98	292.46	319.28	341.3
Revenue Growth (YoY)	128.03%	-3.02%	81.46%	67.16%	55.89%	104.63%	-48.14%	-39.68%	-43.71%	-62.26%	-11.24%	-17.42%	18.18%	22.55%	0.62%	-5.23%	-23.21%	-11.49%	180.82%	201.92%
Salaries & Employee Benefits	12.9	13.25	13.63	14.2	14.95	15.71	16.47	16.86	17.05	17.27	17.44	17.61	17.77	17.91	18.25	18.22	18.11	17.94	17.63	17.24
Cost of Services Provided	126.62	129.85	133.16	128.66	129.4	131.04	130.98	131.24	130.96	129.13	122.81	120.03	113.95	106.88	102.2	97.48	90.44	78.87	69.3	57.16
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.55	0.55
Total Operating Expenses	154.31	155.79	157.96	153.02	154.06	156.22	159.12	158.43	157.02	155.32	148.51	144.85	137.91	128.78	121.15	117.5	111.44	100.17	90.12	76.5
Operating Income	469.99	112.68	110.4	116.28	119.72	120.63	-11.23	2.67	18.61	-20.04	136.66	122.25	174.07	229.64	200.11	205.94	152.54	192.3	229.16	264.8
Earnings From Equity Investments	13.56	16.23	15.41	15.67	-2.8	-1.39	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Currency Exchange Gain (Loss)	8.19	-1.14	0.78	6.16	-0.58	12.87	15.11	8.97	3.73	3.15	3.82	-12.24	28.9	44.84	30.58	45.23	17.3	-2.12	9.99	4.45
EBT Excluding Unusual Items	508.35	134.84	134.49	146.19	124.99	138.79	8.95	14.65	25.18	-12.38	144.68	119.12	212.02	284.64	246.55	263.51	184.45	201.19	244.28	273.29
Gain (Loss) on Sale of Investments	-345.29	-7.44	-7.44	-7.44	-128.75	-128.19	-128.19	-128.19	-0.68	-81.98	-86.6	-111.5	-67.92	14.06	18.68	42.81	-0.77	-20.77	-20.77	-50.19
Other Unusual Items	-30.71	-	-	-	-	-	-	-	0.03	0.28	0.5	0.5	0.47	0.21	-	-	-	-	-	-
Pretax Income	132.35	127.4	127.05	138.75	-3.76	11.28	-119.24	-113.54	24.53	-94.76	58.57	8.12	144.56	298.91	265.23	306.32	183.68	180.42	223.52	223.1
Income Tax Expense	0.36	0.45	0.33	0.58	0.41	0.4	0.39	0.21	0.66	0.56	0.44	0.52	-	-	-	-	-	-	-	-
Net Income	132	126.96	126.72	138.17	-4.17	10.88	-119.64	-113.75	23.87	-95.31	58.13	7.6	144.56	298.91	265.23	306.32	183.68	180.42	223.52	223.1
Preferred Dividends & Other Adjustments	22.81	14.82	14.81	15.01	14.88	15.2	15.52	16.02	16.39	16.51	16.63	16.7	16.6	16.51	16.4	16.28	16.31	16.58	16.84	17.04
Net Income to Common	109.18	112.14	111.91	123.16	-19.04	-4.32	-135.16	-129.76	7.48	-111.82	41.5	-9.1	127.96	282.4	248.83	290.04	167.37	163.84	206.67	206.05
Net Income Growth (YoY)	-	-	-	-	-	-	-	-	-94.15%	-	-83.32%	-	-23.55%	72.36%	20.40%	40.76%	-14.12%	-12.63%	14599.43%	464.52%
Shares Outstanding (Basic)	137	139	139	139	138	139	140	140	141	141	141	141	141	141	141	140	140	140	140	140
Shares Outstanding (Diluted)	137	139	139	139	138	139	140	140	141	141	141	141	152	169	166	167	167	161	168	163
Shares Change (YoY)	-0.98%	0.13%	-0.58%	-1.04%	-1.96%	-1.85%	-1.14%	-0.44%	-6.83%	-16.43%	-14.64%	-15.62%	-9.49%	5.28%	-1.72%	2.51%	6.66%	5.63%	13.78%	-9.54%
EPS (Basic)	0.80	0.81	0.81	0.89	-0.14	-0.03	-0.97	-0.92	0.05	-0.79	0.29	-0.06	0.91	2.01	1.77	2.07	1.19	1.17	1.48	1.47
EPS (Diluted)	0.80	0.81	0.81	0.89	-0.15	-0.04	-0.97	-0.93	0.05	-0.82	0.29	-0.06	0.91	1.87	1.68	1.94	1.19	1.17	1.46	1.43
EPS Growth (YoY)	-	-	-	-	-	-	-	-	-94.46%	-	-82.76%	-	-23.94%	59.72%	15.33%	36.07%	-12.22%	-9.61%	15251.49%	492.31%

Additional Metrics

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Dividend Per Share	1.000	1.000	1.000	1.000	1.000	1.100	1.200	1.300	1.400	1.400	1.400	1.400	1.400	1.400	1.400	1.400	1.400	1.400	1.400	1.400
Dividend Growth (YoY)	0%	-9.09%	-16.67%	-23.08%	-28.57%	-21.43%	-14.29%	-7.14%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-3.45%	-10.26%
Operating Margin	75.28%	41.97%	41.14%	43.18%	43.73%	43.57%	-7.60%	1.66%	10.59%	-14.81%	47.92%	45.77%	55.79%	64.07%	62.29%	63.67%	57.78%	65.75%	71.77%	77.59%
Profit Margin	17.49%	41.77%	41.70%	45.73%	-6.96%	-1.56%	-91.39%	-80.55%	4.26%	-82.66%	14.55%	-3.40%	41.02%	78.79%	77.45%	89.68%	63.40%	56.02%	64.73%	60.37%
Effective Tax Rate	0.27%	0.35%	0.26%	0.42%	-	3.51%	-	-	2.67%	-	0.76%	6.37%	-	-	-	-	-	-	-	-

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 16, 2026

Data Sources Report a data error