Apollo Global Management, Inc.

For the period ended Sep 30, 2026. Filed Nov 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 5, 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 exhibits

Contents

Condensed Consolidated Statements of Operations (unaudited)

	Three months ended September 30,		Nine months ended September 30,
(In millions, except per share data)	2026	2025	2026	2025
Revenues
Asset Management
Management fees	$758	$606	$2,203	$1,697
Advisory and transaction fees, net	633	378	1,357	850
Investment income (loss)	(188)	444	114	936
Incentive fees	58	51	181	149
Property management, development and other fees	22	8	66	8
	1,283	1,487	3,921	3,640
Retirement Services
Premiums	190	117	577	351
Product charges	299	292	879	831
Net investment income	5,701	5,013	16,190	14,130
Investment related gains (losses)	(3,418)	2,254	(2,507)	1,421
Revenues of consolidated variable interest entities	681	654	1,880	1,796
Other revenues	3	6	11	16
	3,456	8,336	17,030	18,545
Total Revenues	4,739	9,823	20,951	22,185
Expenses
Asset Management
Compensation and benefits	909	761	2,547	2,108
Interest expense	84	64	249	184
General, administrative and other	461	409	1,379	1,087
	1,454	1,234	4,175	3,379
Retirement Services
Interest sensitive contract benefits	3,669	4,164	10,974	9,086
Future policy and other policy benefits	595	613	1,828	1,681
Market risk benefits remeasurement (gains) losses	(626)	131	(391)	405
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired	476	355	1,163	914
Policy and other operating expenses	641	573	1,880	1,665
	4,755	5,836	15,454	13,751
Total Expenses	6,209	7,070	19,629	17,130
Other income (loss) – Asset Management
Net gains (losses) from investment activities	20	78	(29)	(208)
Net gains (losses) from investment activities of consolidated variable interest entities	(20)	35	(42)	250
Other income (loss), net	4	33	51	(172)
Total Other income (loss)	4	146	(20)	(130)
Income (loss) before income tax (provision) benefit	(1,466)	2,899	1,302	4,925
Income tax (provision) benefit	344	(438)	(1,746)	(684)
Net income (loss)	(1,122)	2,461	(444)	4,241
Net (income) loss attributable to non-controlling interests	65	(725)	(1,158)	(1,433)
Net income (loss) attributable to Apollo Global Management, Inc.	(1,057)	1,736	(1,602)	2,808
Preferred stock dividends	—	(24)	(49)	(73)
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders	$(1,057)	$1,712	$(1,651)	$2,735
Earnings (loss) per share
Net income (loss) attributable to common stockholders – Basic	$(1.78)	$2.82	$(2.86)	$4.51
Net income (loss) attributable to common stockholders – Diluted	$(1.78)	$2.78	$(2.86)	$4.47
Weighted average shares outstanding – Basic	602.6	589.4	596.4	587.8
Weighted average shares outstanding – Diluted	602.6	607.8	596.4	592.2
See accompanying notes to the unaudited condensed consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.