Apollo Global Management Inc
NYSE:APO
Income Statement
Earnings Waterfall
Apollo Global Management Inc
Income Statement
Apollo Global Management Inc
| Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
50
|
48
|
44
|
40
|
35
|
35
|
36
|
39
|
41
|
41
|
42
|
39
|
37
|
33
|
30
|
30
|
29
|
25
|
22
|
22
|
22
|
27
|
30
|
30
|
30
|
31
|
33
|
38
|
43
|
49
|
52
|
52
|
53
|
54
|
56
|
58
|
59
|
65
|
73
|
85
|
127
|
120
|
282
|
415
|
381
|
829
|
811
|
806
|
908
|
597
|
495
|
403
|
221
|
240
|
229
|
229
|
258
|
274
|
309
|
327
|
339
|
344
|
334
|
346
|
|
| Gross Premiums Earned |
504
|
0
|
0
|
0
|
1 599
|
0
|
0
|
0
|
(398)
|
0
|
0
|
0
|
2 130
|
0
|
0
|
0
|
2 862
|
0
|
0
|
0
|
394
|
0
|
0
|
0
|
97
|
0
|
0
|
0
|
67
|
74
|
81
|
91
|
31
|
29
|
36
|
31
|
31
|
28
|
13
|
13
|
9
|
28
|
27
|
24
|
25
|
10
|
24
|
28
|
29
|
2 304
|
8 073
|
11 278
|
12 355
|
10 398
|
13 896
|
11 509
|
14 268
|
14 313
|
6 007
|
5 877
|
2 503
|
2 570
|
2 039
|
1 819
|
|
| Revenue |
967
N/A
|
1 034
+7%
|
971
-6%
|
1 216
+25%
|
2 110
+73%
|
2 583
+22%
|
2 812
+9%
|
874
-69%
|
172
-80%
|
252
+47%
|
155
-39%
|
2 347
+1 416%
|
2 860
+22%
|
3 392
+19%
|
3 678
+8%
|
4 098
+11%
|
3 734
-9%
|
2 916
-22%
|
2 991
+3%
|
2 080
-30%
|
1 560
-25%
|
1 372
-12%
|
1 151
-16%
|
1 123
-2%
|
1 042
-7%
|
859
-17%
|
1 168
+36%
|
1 479
+27%
|
2 074
+40%
|
2 635
+27%
|
2 424
-8%
|
2 632
+9%
|
2 772
+5%
|
2 257
-19%
|
2 330
+3%
|
2 136
-8%
|
1 093
-49%
|
1 604
+47%
|
1 717
+7%
|
1 902
+11%
|
2 920
+54%
|
1 326
-55%
|
1 844
+39%
|
2 184
+18%
|
2 383
+9%
|
5 602
+135%
|
5 828
+4%
|
5 860
+1%
|
6 006
+3%
|
4 610
-23%
|
5 372
+17%
|
6 645
+24%
|
9 733
+46%
|
13 680
+41%
|
24 763
+81%
|
24 507
-1%
|
30 751
+25%
|
32 391
+5%
|
24 604
-24%
|
29 682
+21%
|
23 737
-20%
|
22 135
-7%
|
22 714
+3%
|
24 433
+8%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1 656)
|
(1 702)
|
(1 676)
|
(1 782)
|
(2 122)
|
(2 335)
|
(2 452)
|
(1 785)
|
(1 542)
|
(1 423)
|
(1 259)
|
(1 940)
|
(2 011)
|
(2 114)
|
(2 123)
|
(2 203)
|
(1 912)
|
(1 608)
|
(1 643)
|
(1 220)
|
(1 021)
|
(927)
|
(814)
|
(811)
|
(801)
|
(718)
|
(815)
|
(917)
|
(1 122)
|
(1 321)
|
(1 239)
|
(1 314)
|
(1 307)
|
(1 175)
|
(1 210)
|
(1 164)
|
(844)
|
(1 001)
|
(1 034)
|
(1 080)
|
(1 593)
|
(874)
|
(1 226)
|
(1 378)
|
(1 445)
|
(2 791)
|
(2 833)
|
(2 951)
|
(3 975)
|
(6 256)
|
(11 228)
|
(14 357)
|
(15 725)
|
(15 255)
|
(21 897)
|
(19 716)
|
(24 722)
|
(26 425)
|
(17 973)
|
(20 970)
|
(16 318)
|
(15 120)
|
(16 177)
|
(17 493)
|
|
| Selling, General & Administrative |
(1 632)
|
(1 677)
|
(1 652)
|
(1 758)
|
(2 098)
|
(2 311)
|
(2 427)
|
(1 760)
|
(1 515)
|
(1 394)
|
(1 226)
|
(1 897)
|
(1 957)
|
(2 055)
|
(2 061)
|
(2 145)
|
(1 858)
|
(1 557)
|
(1 595)
|
(1 173)
|
(976)
|
(882)
|
(770)
|
(767)
|
(756)
|
(680)
|
(783)
|
(892)
|
(1 113)
|
(1 324)
|
(1 244)
|
(1 318)
|
(1 295)
|
(1 163)
|
(1 198)
|
(1 155)
|
(835)
|
(993)
|
(1 025)
|
(1 071)
|
(1 582)
|
(862)
|
(1 214)
|
(1 367)
|
(1 432)
|
(2 776)
|
(2 814)
|
(2 929)
|
(3 952)
|
(3 851)
|
(3 610)
|
(3 555)
|
(2 625)
|
(2 610)
|
(2 886)
|
(3 110)
|
(3 594)
|
(3 634)
|
(3 815)
|
(3 969)
|
(3 778)
|
(3 924)
|
(3 973)
|
(4 212)
|
|
| Depreciation & Amortization |
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(26)
|
(26)
|
(29)
|
(34)
|
(44)
|
(53)
|
(59)
|
(62)
|
(58)
|
(54)
|
(51)
|
(48)
|
(47)
|
(45)
|
(44)
|
(44)
|
(44)
|
(44)
|
(38)
|
(32)
|
(25)
|
(10)
|
(12)
|
(9)
|
(10)
|
(12)
|
(12)
|
(12)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(9)
|
(9)
|
(11)
|
(14)
|
(17)
|
(20)
|
(19)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Benefits Claims Loss Adjustment |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2 394)
|
(7 851)
|
(11 634)
|
(14 375)
|
(14 173)
|
(20 692)
|
(18 077)
|
(22 500)
|
(24 188)
|
(15 609)
|
(18 503)
|
(14 139)
|
(12 836)
|
(13 944)
|
(15 232)
|
|
| Policy Acquisition Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(98)
|
(206)
|
(318)
|
(444)
|
(484)
|
(529)
|
(628)
|
(688)
|
(757)
|
(831)
|
(864)
|
(941)
|
(1 001)
|
(1 066)
|
(1 177)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
14
|
14
|
14
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(5)
|
87
|
440
|
1 150
|
1 719
|
2 012
|
2 210
|
2 099
|
2 060
|
2 154
|
2 282
|
2 366
|
2 540
|
2 641
|
2 806
|
3 128
|
|
| Operating Income |
(690)
N/A
|
(668)
+3%
|
(705)
-6%
|
(566)
+20%
|
(12)
+98%
|
248
N/A
|
360
+45%
|
(911)
N/A
|
(1 370)
-50%
|
(1 171)
+15%
|
(1 105)
+6%
|
407
N/A
|
849
+109%
|
1 278
+51%
|
1 555
+22%
|
1 895
+22%
|
1 821
-4%
|
1 308
-28%
|
1 348
+3%
|
860
-36%
|
539
-37%
|
445
-17%
|
337
-24%
|
312
-7%
|
241
-23%
|
141
-41%
|
353
+150%
|
562
+59%
|
951
+69%
|
1 313
+38%
|
1 185
-10%
|
1 318
+11%
|
1 465
+11%
|
1 081
-26%
|
1 120
+4%
|
973
-13%
|
250
-74%
|
603
+142%
|
683
+13%
|
822
+20%
|
1 327
+61%
|
451
-66%
|
619
+37%
|
806
+30%
|
938
+16%
|
2 810
+199%
|
2 995
+7%
|
2 909
-3%
|
2 031
-30%
|
(1 647)
N/A
|
(5 856)
-256%
|
(7 712)
-32%
|
(5 992)
+22%
|
(1 575)
+74%
|
2 866
N/A
|
4 791
+67%
|
6 029
+26%
|
5 966
-1%
|
6 631
+11%
|
8 712
+31%
|
7 419
-15%
|
7 015
-5%
|
6 537
-7%
|
6 940
+6%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
547
|
863
|
521
|
322
|
449
|
510
|
598
|
1
|
(122)
|
(139)
|
(191)
|
263
|
299
|
248
|
235
|
404
|
635
|
791
|
873
|
592
|
285
|
(21)
|
(43)
|
134
|
131
|
67
|
152
|
105
|
105
|
198
|
65
|
93
|
59
|
(38)
|
(100)
|
1
|
(180)
|
(93)
|
11
|
(174)
|
127
|
(1 895)
|
(1 279)
|
(1 044)
|
(406)
|
2 025
|
2 400
|
2 478
|
2 979
|
3 396
|
2 902
|
3 038
|
1 708
|
571
|
41
|
(50)
|
(579)
|
(62)
|
(216)
|
(1 142)
|
(139)
|
(549)
|
(653)
|
(206)
|
|
| Non-Reccuring Items |
36
|
36
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
27
|
0
|
0
|
0
|
196
|
0
|
0
|
0
|
1 952
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
40
|
22
|
24
|
72
|
174
|
206
|
194
|
136
|
3
|
203
|
2 136
|
2 154
|
14
|
1 960
|
17
|
32
|
30
|
56
|
56
|
43
|
40
|
48
|
47
|
38
|
6
|
3
|
2
|
1
|
5
|
23
|
23
|
49
|
246
|
231
|
225
|
203
|
36
|
32
|
44
|
(3)
|
(46)
|
(63)
|
(66)
|
(13)
|
21
|
20
|
21
|
(4)
|
(148)
|
(153)
|
(136)
|
(93)
|
38
|
93
|
120
|
114
|
136
|
78
|
54
|
102
|
155
|
(37)
|
(48)
|
(85)
|
|
| Pre-Tax Income |
(67)
N/A
|
253
N/A
|
(159)
N/A
|
(172)
-8%
|
635
N/A
|
964
+52%
|
1 152
+20%
|
(775)
N/A
|
(1 292)
-67%
|
(1 106)
+14%
|
840
N/A
|
2 823
+236%
|
3 113
+10%
|
3 486
+12%
|
1 807
-48%
|
2 330
+29%
|
2 482
+6%
|
2 155
-13%
|
2 276
+6%
|
1 495
-34%
|
877
-41%
|
472
-46%
|
342
-28%
|
483
+41%
|
377
-22%
|
211
-44%
|
507
+141%
|
668
+32%
|
1 061
+59%
|
1 535
+45%
|
1 273
-17%
|
1 460
+15%
|
1 770
+21%
|
1 275
-28%
|
1 245
-2%
|
1 176
-6%
|
105
-91%
|
541
+414%
|
738
+36%
|
645
-13%
|
1 408
+118%
|
(1 507)
N/A
|
(727)
+52%
|
(250)
+66%
|
554
N/A
|
4 855
+777%
|
5 415
+12%
|
5 383
-1%
|
4 862
-10%
|
1 597
-67%
|
(3 090)
N/A
|
(4 768)
-54%
|
(4 246)
+11%
|
(911)
+79%
|
3 027
N/A
|
4 855
+60%
|
5 586
+15%
|
5 982
+7%
|
6 469
+8%
|
7 672
+19%
|
7 435
-3%
|
6 429
-14%
|
5 836
-9%
|
6 649
+14%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(29)
|
(27)
|
(38)
|
(51)
|
(92)
|
(97)
|
(87)
|
(37)
|
(12)
|
(18)
|
(25)
|
(67)
|
(65)
|
(69)
|
(77)
|
(102)
|
(108)
|
(122)
|
(138)
|
(121)
|
(147)
|
(120)
|
(94)
|
(71)
|
(27)
|
(16)
|
(45)
|
(68)
|
(91)
|
(135)
|
(96)
|
(83)
|
(72)
|
(41)
|
(61)
|
(63)
|
(86)
|
(97)
|
(95)
|
156
|
129
|
445
|
321
|
(0)
|
(87)
|
(586)
|
(640)
|
(652)
|
(594)
|
94
|
669
|
866
|
739
|
1
|
(581)
|
(920)
|
923
|
754
|
694
|
620
|
(1 062)
|
(883)
|
(625)
|
(746)
|
|
| Income from Continuing Operations |
(95)
|
226
|
(198)
|
(223)
|
543
|
868
|
1 065
|
(811)
|
(1 304)
|
(1 124)
|
815
|
2 757
|
3 048
|
3 417
|
1 730
|
2 228
|
2 374
|
2 034
|
2 138
|
1 374
|
730
|
352
|
248
|
412
|
350
|
194
|
462
|
600
|
970
|
1 400
|
1 177
|
1 377
|
1 698
|
1 234
|
1 184
|
1 113
|
19
|
444
|
643
|
801
|
1 537
|
(1 063)
|
(406)
|
(251)
|
467
|
4 269
|
4 776
|
4 731
|
4 268
|
1 690
|
(2 421)
|
(3 901)
|
(3 507)
|
(910)
|
2 446
|
3 935
|
6 509
|
6 736
|
7 163
|
8 292
|
6 373
|
5 546
|
5 211
|
5 903
|
|
| Income to Minority Interest |
(60)
|
(366)
|
20
|
117
|
(449)
|
(674)
|
(847)
|
538
|
835
|
715
|
(1 214)
|
(2 606)
|
(2 737)
|
(2 955)
|
(1 168)
|
(1 556)
|
(1 715)
|
(1 551)
|
(1 642)
|
(1 069)
|
(562)
|
(225)
|
(136)
|
(261)
|
(216)
|
(124)
|
(274)
|
(358)
|
(567)
|
(819)
|
(679)
|
(770)
|
(815)
|
(554)
|
(533)
|
(492)
|
(30)
|
(247)
|
(344)
|
(311)
|
(694)
|
760
|
385
|
139
|
(310)
|
(2 437)
|
(2 732)
|
(2 702)
|
(2 429)
|
(932)
|
885
|
1 544
|
1 546
|
360
|
(760)
|
(1 004)
|
(1 462)
|
(1 272)
|
(1 445)
|
(2 445)
|
(1 796)
|
(1 954)
|
(1 842)
|
(1 609)
|
|
| Net Income (Common) |
(155)
N/A
|
(140)
+10%
|
(178)
-28%
|
(109)
+39%
|
81
N/A
|
176
+119%
|
197
+12%
|
(298)
N/A
|
(486)
-63%
|
(433)
+11%
|
(425)
+2%
|
117
N/A
|
263
+124%
|
391
+49%
|
483
+24%
|
575
+19%
|
565
-2%
|
391
-31%
|
397
+2%
|
227
-43%
|
96
-58%
|
65
-32%
|
66
+1%
|
110
+67%
|
106
-3%
|
59
-45%
|
174
+198%
|
230
+32%
|
403
+75%
|
578
+43%
|
497
-14%
|
601
+21%
|
616
+2%
|
409
-33%
|
381
-7%
|
344
-10%
|
(42)
N/A
|
161
N/A
|
258
+61%
|
453
+76%
|
807
+78%
|
(339)
N/A
|
(57)
+83%
|
(148)
-159%
|
120
N/A
|
1 795
+1 396%
|
2 006
+12%
|
1 992
-1%
|
1 802
-10%
|
719
-60%
|
(1 578)
N/A
|
(2 402)
-52%
|
(2 007)
+16%
|
(616)
+69%
|
1 610
N/A
|
2 820
+75%
|
4 835
+71%
|
5 219
+8%
|
5 439
+4%
|
5 561
+2%
|
4 329
-22%
|
3 371
-22%
|
3 158
-6%
|
4 064
+29%
|
|
| EPS (Diluted) |
-1.62
N/A
|
-1.46
+10%
|
-1.86
-27%
|
-1.11
+40%
|
0.83
N/A
|
1.79
+116%
|
1.62
-9%
|
-2.43
N/A
|
-4.18
-72%
|
-3.43
+18%
|
-3.36
+2%
|
0.9
N/A
|
2.03
+126%
|
2.81
+38%
|
3.52
+25%
|
3.93
+12%
|
3.46
-12%
|
2.64
-24%
|
2.59
-2%
|
1.43
-45%
|
0.62
-57%
|
0.38
-39%
|
0.38
N/A
|
0.63
+66%
|
0.61
-3%
|
0.31
-49%
|
0.93
+200%
|
1.26
+35%
|
2.19
+74%
|
3.04
+39%
|
2.54
-16%
|
3.11
+22%
|
3.19
+3%
|
2.06
-35%
|
1.86
-10%
|
1.71
-8%
|
-0.21
N/A
|
0.8
N/A
|
1.29
+61%
|
2.18
+69%
|
3.86
+77%
|
-1.49
N/A
|
-0.25
+83%
|
-0.65
-160%
|
0.53
N/A
|
7.8
+1 372%
|
8.68
+11%
|
8.32
-4%
|
7.62
-8%
|
1.22
-84%
|
-2.69
N/A
|
-4.11
-53%
|
-3.43
+17%
|
-1.05
+69%
|
2.77
N/A
|
4.87
+76%
|
8.21
+69%
|
8.62
+5%
|
9.21
+7%
|
9.44
+2%
|
7.16
-24%
|
5.68
-21%
|
5.34
-6%
|
6.68
+25%
|
|