Apollo Global Management, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout 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, 2025 · Filed Nov 10, 2025
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
Condensed Consolidated Statements of Equity (unaudited)
| For the three and nine months ended September 30, 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 July 1, 2024 | 569,535,344 | $1,398 | $15,319 | $4,376 | $(5,820) | $15,273 | $13,127 | $28,400 |
| Consolidation/deconsolidation of VIEs | — | — | — | — | — | — | 10 | 10 |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | 2 | 2 |
| Accretion of redeemable non-controlling interests | — | — | (1) | — | — | (1) | — | (1) |
| Capital increase related to equity-based compensation | — | — | 126 | — | — | 126 | — | 126 |
| Capital contributions | — | — | — | — | — | — | 479 | 479 |
| Dividends/distributions | — | (24) | — | (277) | — | (301) | (1,293) | (1,594) |
| Payments related to issuances of common stock for equity-based awards | 552,583 | — | 13 | (21) | — | (8) | — | (8) |
| Repurchase of common stock | (4,280,000) | — | (457) | — | — | (457) | — | (457) |
| Stock option exercises | 8,529 | — | 1 | — | — | 1 | — | 1 |
| Subsidiary issuance of equity interests | — | — | 72 | — | — | 72 | 6 | 78 |
| Net income (loss) | — | 24 | — | 787 | — | 811 | 958 | 1,769 |
| Other comprehensive income (loss) | — | — | — | — | 2,347 | 2,347 | 374 | 2,721 |
| Balance at September 30, 2024 | 565,816,456 | $1,398 | $15,073 | $4,865 | $(3,473) | $17,863 | $13,663 | $31,526 |
| 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 | — | — | — | — | — | — | (40) | (40) |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | 5 | 5 |
| Issuance of common stock related to equity transactions | 742,742 | — | 84 | — | — | 84 | — | 84 |
| Accretion of redeemable non-controlling interests | — | — | (2) | — | — | (2) | — | (2) |
| Capital increase related to equity-based compensation | — | — | 425 | — | — | 425 | — | 425 |
| Capital contributions | — | — | — | — | — | — | 2,481 | 2,481 |
| Dividends/distributions | — | (73) | — | (815) | — | (888) | (1,954) | (2,842) |
| Payments related to issuances of common stock for equity-based awards | 4,260,056 | — | 24 | (310) | — | (286) | — | (286) |
| Repurchase of common stock | (7,267,000) | — | (792) | — | — | (792) | — | (792) |
| Stock option exercises | 317,726 | — | 13 | — | — | 13 | — | 13 |
| Subsidiary issuance of equity interests | — | — | 72 | — | — | 72 | 6 | 78 |
| Net income (loss) | — | 73 | — | 3,018 | — | 3,091 | 1,620 | 4,711 |
| Other comprehensive income (loss) | — | — | — | — | 2,102 | 2,102 | 356 | 2,458 |
| Balance at September 30, 2024 | 565,816,456 | $1,398 | $15,073 | $4,865 | $(3,473) | $17,863 | $13,663 | $31,526 |
| (Continued) | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED)
| For the three and nine months ended September 30, 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 July 1, 2025 | 572,024,038 | $1,398 | $15,697 | $5,919 | $(3,693) | $19,321 | $14,540 | $33,861 | ||||||
| Acquisition of Bridge | 9,736,433 | 1,355 | 1,355 | 489 | 1,844 | |||||||||
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | 26 | 26 | ||||||
| Capital increase related to equity-based compensation | — | — | 193 | — | — | 193 | — | 193 | ||||||
| Capital contributions | — | — | — | — | — | 1,004 | 1,004 | |||||||
| Dividends/distributions | — | (24) | — | (306) | — | (330) | (296) | (626) | ||||||
| Payments related to issuances of common stock for equity-based awards | 1,017,675 | — | 17 | (19) | — | (2) | — | (2) | ||||||
| Repurchase of common stock | (2,458,000) | — | (340) | — | — | (340) | — | (340) | ||||||
| Stock option and warrant exercises | 68,944 | — | 3 | — | — | 3 | — | 3 | ||||||
| Net income (loss) | — | 24 | — | 1,712 | — | 1,736 | 725 | 2,461 | ||||||
| Other comprehensive income (loss) | — | — | — | — | 1,201 | 1,201 | 172 | 1,373 | ||||||
| Balance at September 30, 2025 | 580,389,090 | $1,398 | $16,925 | $7,306 | $(2,492) | $23,137 | $16,660 | $39,797 | ||||||
| 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 | — | — | — | — | — | — | (442) | (442) | ||||||
| Issuance of warrants | — | — | 54 | — | — | 54 | — | 54 | ||||||
| Acquisition of Bridge | 9,736,433 | — | 1,355 | — | — | 1,355 | 489 | 1,844 | ||||||
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | 12 | 12 | ||||||
| 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 | — | — | 466 | — | — | 466 | — | 466 | ||||||
| Capital contributions | — | — | — | — | — | 2,219 | 2,219 | |||||||
| Dividends/distributions | — | (73) | — | (890) | — | (963) | (1,345) | (2,308) | ||||||
| Payments related to issuances of common stock for equity-based awards | 5,522,764 | — | 35 | (561) | — | (526) | — | (526) | ||||||
| Repurchase of common stock | (3,850,000) | — | (533) | — | — | (533) | — | (533) | ||||||
| Stock option and warrant exercises | 1,487,780 | — | 16 | — | — | 16 | — | 16 | ||||||
| Net income (loss) | — | 73 | — | 2,735 | — | 2,808 | 1,433 | 4,241 | ||||||
| Other comprehensive income (loss) | — | — | — | — | 3,002 | 3,002 | 583 | 3,585 | ||||||
| Balance at September 30, 2025 | 580,389,090 | $1,398 | $16,925 | $7,306 | $(2,492) | $23,137 | $16,660 | $39,797 | ||||||
| (Concluded) | ||||||||||||||
| See accompanying notes to the unaudited condensed 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.