Apollo Global Management, Inc.
As of Fiscal Year 2025 (ended December 31, 2025)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Total AUM (as of December 31, 2025) | $938 billion |
| Fee-Generating AUM (as of December 31, 2025) | $709 billion |
| Consolidated GAAP total revenue (FY2025) | $32.0 billion |
| GAAP net income attributable to common stockholders (FY2025) | $3.40 billion, or $5.58 per share |
| Fee Related Earnings (FY2025) | $2.53 billion, or $4.08 per share |
| Spread Related Earnings (FY2025) | $3.36 billion, or $5.43 per share |
| Adjusted Net Income (FY2025) | $5.20 billion, or $8.38 per share |
| Gross inflows (FY2025) | $228 billion (record) |
| Origination activity (FY2025) | $309 billion (record) |
| Gross capital deployment (FY2025) | $386 billion |
Sources: Apollo is an alternative asset manager; GAAP total revenue is extremely volatile because it consolidates Retirement Services (Athene) insurance premiums, net investment income and investment-related gains/losses, so Total AUM, not GAAP revenue, is used as the key growth metric. GAAP segment revenue (Asset Management + Retirement Services) sums to $30.1 billion versus consolidated GAAP total revenue of $32.0 billion for FY2025; the ~$1.9 billion gap reflects corporate items and intersegment eliminations not allocated to either reportable segment. Apollo reports several non-GAAP earnings measures (Fee Related Earnings, Spread Related Earnings, Adjusted Net Income) alongside GAAP net income that differ materially from one another; each is labeled below. No single credible, specifically-sourced estimate of Apollo's percentage share of the global alternative-asset-management market was found (third-party rankings list Apollo among the largest alternative managers by AUM but do not publish a market-share percentage), so no market-share figure is included.