Apollo Global Management, Inc. (APO) Revenue History
Annual and quarterly revenue from 2006 to present
APO Revenue Over Time (2006–2025)
APO Revenue Growth History
11 of 18 years with positive growth- FY2006 revenue growth
- N/A
- FY2007 revenue growth
- +84.1%
- FY2008 revenue growth
- -141.8%
- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +118.3%
- FY2011 revenue growth
- -91.9%
- FY2012 revenue growth
- +1566.3%
- FY2013 revenue growth
- +30.5%
- FY2014 revenue growth
- -58.2%
- FY2015 revenue growth
- -33.2%
- FY2016 revenue growth
- +99.1%
- FY2017 revenue growth
- +33.7%
- FY2018 revenue growth
- -60.6%
- FY2019 revenue growth
- +168.2%
- FY2020 revenue growth
- -19.7%
- FY2021 revenue growth
- +152.8%
- FY2022 revenue growth
- +84.3%
- FY2023 revenue growth
- +197.6%
- FY2024 revenue growth
- -20.0%
- FY2025 revenue growth
- +16.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $4.93B | — |
| Q4 2025 | $8.11B | — |
| Q3 2025 | $9.82B | — |
| Q2 2025 | $6.81B | — |
| Q1 2025 | $5.55B | — |
| Q4 2024 | $5.28B | — |
| Q3 2024 | $7.77B | — |
| Q2 2024 | $6.02B | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
APO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
APO Revenue Analysis (2006–2025)
Current Revenue & Growth
As of June 22, 2026, Apollo Global Management, Inc. (APO) generated trailing twelve-month (TTM) revenue of $29.68 billion, reflecting significant decline in growth of -11.1% year-over-year. The most recent quarter (Q1 2026) recorded $4.93 billion in revenue, down 39.2% sequentially.
Historical Growth Trajectory
APO's 5-year compound annual growth rate (CAGR) stands at +66.7%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +40.3% is below the 5-year average, signalling a growth deceleration in recent years. Apollo Global Management, Inc.'s highest annual revenue of $32.64 billion was recorded in 2023.
Revenue by Segment
APO's revenue is primarily driven by Retirement Services Segment (84%), and Asset Management Segment (16%). With over half of revenue concentrated in Retirement Services Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including BX, KKR, and CG. Compare APO vs BX →
APO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| APOCurrent | $29.7B | -11.1% | +66.7% | 34.4% | |
 BX | $13.8B | - | - | 51.9% | |
 KKR | $19.3B | - | - | 2.4% | |
 CG | $4.9B | - | - | 26.2% | |
 TPG | $4.7B | - | - | 14.7% | |
 ARES | $6.5B | - | - | 27.2% |
APO Historical Revenue Data (2006–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $30.30B | - | $26.80B | 88.5% | $10.42B | 34.4% |
| 2024 | $26.11B | - | $24.97B | 95.6% | $8.30B | 31.8% |
| 2023 | $32.64B | - | $31.62B | 96.9% | $6.15B | 18.8% |
| 2022 | $10.97B | - | $10.04B | 91.5% | $-4,375,000,000 | -39.9% |
| 2021 | $5.95B | - | $5.17B | 86.9% | $1.98B | 33.2% |
| 2020 | $2.35B | - | $1.73B | 73.3% | $908.0M | 38.6% |
| 2019 | $2.93B | - | $2.42B | 82.5% | $1.34B | 45.7% |
| 2018 | $1.09B | - | $633.5M | 58.0% | $251.6M | 23.0% |
| 2017 | $2.77B | - | $1.74B | 62.6% | $1.48B | 53.3% |
| 2016 | $2.07B | - | $1.22B | 59.0% | $977.4M | 47.1% |
| 2015 | $1.04B | - | $504.2M | 48.4% | $249.2M | 23.9% |
| 2014 | $1.56B | - | $819.5M | 52.5% | $554.3M | 35.5% |
| 2013 | $3.73B | - | $2.14B | 57.3% | $1.86B | 49.9% |
| 2012 | $2.86B | - | $1.11B | 39.0% | $812.1M | 28.4% |
| 2011 | $171.6M | - | $-1,169,146,000 | -681.2% | $-1,366,057,000 | -795.9% |
Full Stock Analysis
Deep dive into APO consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
20+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
APO — Frequently Asked Questions
Quick answers to the most common questions about buying APO stock.
Is APO's revenue growth accelerating or slowing?
APO revenue is declining -11.1% year-over-year. TTM revenue fell to $29.7B, contrasting with the 5-year CAGR of +66.7%. The reversal reflects either macro headwinds or company-specific challenges.
What is APO's revenue history from 2006 to 2026?
Apollo Global Management, Inc. (APO) revenue history spans 2006 to 2026. TTM revenue as of 2026 is $29.7B, growing at -11.1% YoY. The 5-year CAGR is +66.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is APO's long-term revenue growth rate (CAGR)?
Apollo Global Management, Inc.'s 5-year revenue CAGR of +66.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -11.1% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for APO.
Why does APO's quarterly revenue fluctuate?
APO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Apollo Global Management, Inc.'s revenue data from 2006 to 2026 shows full historical quarterly detail on this page.
How is APO's revenue distributed by segment?
APO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does APO's revenue compare to industry peers?
Apollo Global Management, Inc. (APO) with TTM revenue of $29.7B and -11.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.