Financials in USD. Standardized financial statements.
A compact view of how Apollo Global Management, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $30.30B | $26.11B | $32.64B | $10.97B | $5.95B | $2.35B | $2.93B | $1.09B | $2.77B | $2.07B |
| Revenue Growth? | +16.0% | -20.0% | +197.6% | +84.3% | +152.8% | -19.7% | +168.2% | -60.6% | +33.7% | 0.0% |
| Cost of Revenue? | $3.49B | $1.14B | $1.03B | $927.00M | $778.00M | $628.00M | $514.51M | $459.60M | $1.04B | $849.19M |
| Gross Profit? | $26.80B | $24.97B | $31.62B | $10.04B | $5.17B | $1.73B | $2.42B | $633.46M | $1.74B | $1.22B |
| Gross Margin? | +88.5% | +95.6% | +96.9% | +91.5% | +86.9% | +73.3% | +82.5% | +58.0% | +62.6% | +59.0% |
| Operating Expenses? | $16.38B | $16.68B | $25.47B | $14.42B | $3.20B | $818.00M | $1.08B | $381.84M | $257.86M | $247.00M |
| Operating Income? | $10.42B | $8.30B | $6.15B | -$4.38B | $1.98B | $908.00M | $1.34B | $251.62M | $1.48B | $977.38M |
| EBITDA? | $10.49B | $8.85B | $6.65B | -$3.50B | $5.79B | $953.00M | $1.55B | $211.18M | $1.84B | $1.12B |
| Income Before Tax | $7.74B | $7.43B | $5.59B | -$4.25B | $4.86B | $553.00M | $1.41B | $105.27M | $1.77B | $1.06B |
| Income Tax Expense | $801.00M | $1.06B | -$923.00M | -$739.00M | $594.00M | $86.00M | -$128.99M | $86.02M | $325.94M | $90.71M |
| Net Income? | $4.48B | $4.43B | $4.88B | -$1.96B | $1.84B | $157.00M | $807.96M | -$28.50M | $608.45M | $388.02M |
| EPS? | $7.31 | $7.39 | $8.32 | $-3.43 | $7.32 | $0.44 | $3.72 | $-0.30 | $3.12 | $2.11 |
| Diluted EPS? | $7.26 | $7.33 | $8.28 | $-3.43 | $7.32 | $0.44 | $3.71 | $-0.30 | $3.10 | $2.11 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality