Apollo Global Management, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
APO$122.74+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
| For the Year Ended December 31, 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Apollo Global Management, Inc. Stockholders | ||||||||
| (In millions, except share data) | Common Stock | Series A Mandatory Convertible Preferred Stock | AdditionalPaid inCapital | Retained Earnings (Accumulated Deficit) | AccumulatedOtherComprehensive Income (Loss) | Total ApolloGlobalManagement,Inc.Stockholders’Equity (Deficit) | Non-ControllingInterests | Total Equity |
| Balance at January 1, 2023 | 570,276,188 | $— | $14,982 | $(1,007) | $(7,335) | $6,640 | $7,726 | $14,366 |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | (250) | (250) |
| Accretion of redeemable non-controlling interests | — | — | (15) | — | — | (15) | — | (15) |
| Liquidation of SPACs | — | — | 71 | 9 | — | 80 | — | 80 |
| Equity issued in connection with Mandatory Convertible Preferred Stock | — | 1,398 | — | — | — | 1,398 | — | 1,398 |
| Capital increase related to equity-based compensation | — | — | 947 | — | — | 947 | — | 947 |
| Capital contributions | — | — | — | — | — | — | 2,863 | 2,863 |
| Dividends/distributions | — | (46) | (241) | (771) | — | (1,058) | (836) | (1,894) |
| Payments related to issuances of common stock for equity-based awards | 5,135,731 | — | 41 | (260) | — | (219) | — | (219) |
| Repurchase of common stock | (8,183,000) | — | (563) | — | — | (563) | — | (563) |
| Stock option exercises | 534,013 | — | 21 | — | — | 21 | — | 21 |
| Redemption of subsidiary equity interests | — | — | (5) | — | — | (5) | (575) | (580) |
| Subsidiary issuance of equity interests | — | — | 11 | — | 3 | 14 | 570 | 584 |
| Net income (loss) | — | 46 | — | 5,001 | — | 5,047 | 1,421 | 6,468 |
| Other comprehensive income (loss) | — | — | — | — | 1,757 | 1,757 | 270 | 2,027 |
| Balance at December 31, 2023 | 567,762,932 | $1,398 | $15,249 | $2,972 | $(5,575) | $14,044 | $11,189 | $25,233 |
| (Continued) | ||||||||
| For the Year Ended December 31, 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Apollo Global Management, Inc. Stockholders | ||||||||
| (In millions, except share data) | Common Stock | Series A Mandatory Convertible Preferred Stock | AdditionalPaid inCapital | Retained Earnings (Accumulated Deficit) | AccumulatedOtherComprehensive Income (Loss) | Total ApolloGlobalManagement,Inc.Stockholders’Equity (Deficit) | Non-ControllingInterests | Total Equity |
| Balance at January 1, 2024 | 567,762,932 | $1,398 | $15,249 | $2,972 | $(5,575) | $14,044 | $11,189 | $25,233 |
| Consolidation/deconsolidation of VIEs | — | — | — | — | — | — | 53 | 53 |
| Issuance of warrants | — | — | 109 | — | — | 109 | — | 109 |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | 13 | 13 |
| Issuance of common stock related to equity transactions | 742,742 | — | 84 | — | — | 84 | — | 84 |
| Accretion of redeemable non-controlling interests | — | — | (3) | — | — | (3) | — | (3) |
| Capital increase related to equity-based compensation | — | — | 649 | — | — | 649 | — | 649 |
| Capital contributions | — | — | — | — | — | — | 3,136 | 3,136 |
| Dividends/distributions | — | (97) | — | (1,092) | — | (1,189) | (2,389) | (3,578) |
| Payments related to issuances of common stock for equity-based awards | 4,696,064 | — | 52 | (338) | — | (286) | — | (286) |
| Repurchase of common stock | (7,845,000) | — | (894) | — | — | (894) | — | (894) |
| Stock option exercises | 382,195 | — | 15 | — | — | 15 | — | 15 |
| Subsidiary issuance of equity interests | — | — | 66 | — | — | 66 | 12 | 78 |
| Net income (loss) | — | 97 | — | 4,480 | — | 4,577 | 1,796 | 6,373 |
| Other comprehensive income (loss) | — | — | — | — | 81 | 81 | (99) | (18) |
| Balance at December 31, 2024 | 565,738,933 | $1,398 | $15,327 | $6,022 | $(5,494) | $17,253 | $13,711 | $30,964 |
| (Continued) | ||||||||
| For the Year Ended December 31, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Apollo Global Management, Inc. Stockholders | ||||||||
| (In millions, except share data) | Common Stock | Series A Mandatory Convertible Preferred Stock | AdditionalPaid inCapital | Retained Earnings (Accumulated Deficit) | AccumulatedOtherComprehensive Income (Loss) | Total ApolloGlobalManagement,Inc.Stockholders’Equity (Deficit) | Non-ControllingInterests | TotalEquity |
| Balance at January 1, 2025 | 565,738,933 | $1,398 | $15,327 | $6,022 | $(5,494) | $17,253 | $13,711 | $30,964 |
| Consolidation/deconsolidation of VIEs | — | — | — | — | — | — | 1,598 | 1,598 |
| Issuance of warrants | — | — | 54 | — | — | 54 | — | 54 |
| Acquisition of Bridge | 9,754,972 | — | 1,357 | — | — | 1,357 | 489 | 1,846 |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | (2) | (2) |
| Issuance of common stock related to equity transactions | 540,177 | — | — | — | — | — | — | — |
| Accretion of redeemable non-controlling interests | — | — | 5 | — | — | 5 | — | 5 |
| Issuance of common stock to donor-advised fund | 1,213,003 | — | 200 | — | — | 200 | — | 200 |
| Capital increase related to equity-based compensation | — | — | 710 | — | — | 710 | — | 710 |
| Capital contributions | — | — | — | — | — | — | 2,963 | 2,963 |
| Dividends/distributions | — | (97) | — | (1,201) | — | (1,298) | (1,984) | (3,282) |
| Payments related to issuances of common stock for equity-based awards | 5,883,305 | — | 55 | (582) | — | (527) | — | (527) |
| Repurchase of common stock | (5,708,804) | — | (773) | — | — | (773) | — | (773) |
| Stock option and warrant exercises | 1,559,812 | — | 19 | — | — | 19 | — | 19 |
| Net income (loss) | — | 97 | — | 3,395 | — | 3,492 | 1,909 | 5,401 |
| Other comprehensive income (loss) | — | — | — | — | 2,849 | 2,849 | 490 | 3,339 |
| Balance at December 31, 2025 | 578,981,398 | $1,398 | $16,954 | $7,634 | $(2,645) | $23,341 | $19,174 | $42,515 |
| (Concluded) | ||||||||
| See accompanying notes to the consolidated financial statements. | ||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.