Apollo Global Management, Inc. (APO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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APO Revenue Growth
Revenue Breakdown (FY 2025)
APO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
APO Revenue Analysis (2014–2025)
As of May 8, 2026, Apollo Global Management, Inc. (APO) generated trailing twelve-month (TTM) revenue of $30.30 billion, reflecting explosive growth of +53.6% year-over-year. The most recent quarter (Q4 2025) recorded $8.11 billion in revenue, down 17.4% sequentially.
Looking at the longer-term picture, APO's 5-year compound annual growth rate (CAGR) stands at +66.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $32.64 billion in 2023.
Revenue diversification analysis shows APO's business 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 maintains significant focus in this area while developing other growth vectors.
When 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 | $30.3B | +53.6% | +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 (2014–2025)
| 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% |
Full APO Stock Analysis
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Start ComparisonAPO — 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 accelerating at +53.6% year-over-year, exceeding the 5-year CAGR of +66.7%. TTM revenue reached $30.3B. Growth momentum has increased versus prior periods.
What is APO's long-term revenue growth rate?
Apollo Global Management, Inc.'s 5-year revenue CAGR of +66.7% reflects the sustained expansion pattern. Current YoY growth of +53.6% is above this long-term average.
How is APO's revenue distributed by segment?
APO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.