Apollo Global Management, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.05B | $26.11B | $32.64B | $10.97B | $5.95B | $2.35B | $2.93B | $1.09B |
| Management fees | $2.38B | $1.90B | $1.77B | $1.50B | $2.25B | $1.96B | $1.71B | $1.49B |
| Advisory and transaction fees, net | $1.20B | $822.0M | $623.0M | $443.0M | — | — | — | — |
| Performance fees / carried interest income | — | — | — | — | $3.05B | $310.0M | $1.06B | $-400.0M |
| Incentive fees | $245.0M | $150.0M | $80.0M | $27.0M | — | — | — | — |
| Principal / net investment income | $20.39B | $17.02B | $13.37B | $9.07B | $649.0M | $82.0M | $167.0M | $5.0M |
| Premiums | $2.63B | $1.32B | $12.75B | $11.64B | — | — | — | — |
| Product charges | $1.14B | $1.02B | $848.0M | $718.0M | — | — | — | — |
| Investment related gains (losses) | $4.01B | $3.87B | $2.62B | $-12.40B | — | — | — | — |
| Other revenues | $25.0M | $19.0M | $591.0M | $-28.0M | — | — | — | — |
| Property management, development and other fees | $32.0M | — | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $7.30B | $7.91B | $5.85B | $-4.02B | $5.00B | $686.0M | — | — |
| Operating Margin | 22.8% | 30.3% | 17.9% | -36.7% | 84.0% | 29.1% | — | — |
| Interest Expense | $618.0M | $474.0M | $268.0M | $222.0M | $138.0M | $133.0M | — | — |
| Pretax Income | $6.68B | $7.44B | $5.59B | $-4.25B | $4.86B | $553.0M | — | — |
| Income Tax Expense | $1.28B | $1.06B | $-923.0M | $-739.0M | $594.0M | $86.0M | — | — |
| Net Income | $3.49B | $4.58B | $5.05B | $-1.96B | $1.84B | $157.0M | — | — |
| Net Margin | 10.9% | 17.5% | 15.5% | -17.9% | 30.9% | 6.7% | — | — |
| EPS (Basic) | $5.58 | $7.39 | $8.32 | $-3.43 | $3.66 | $0.22 | — | — |
| EPS (Diluted) | $5.54 | $7.33 | $8.28 | $-3.43 | $3.66 | $0.22 | — | — |
| Shares Outstanding (Basic) | 589.5M | 586.1M | 581.4M | 584.7M | 473.1M | 455.1M | — | — |
| Shares Outstanding (Diluted) | 593.7M | 604.0M | 588.8M | 584.7M | 473.1M | 455.1M | — | — |
| Dividends Per Share | $1.99 | $1.81 | $1.69 | $1.60 | $1.05 | $1.16 | — | — |