Apollo Global Management, Inc.

For the period ended Jun 30, 2026. Filed Aug 10, 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.

Jun 30, 2026 · Filed Aug 10, 2026

APO$122.74+0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Financial Condition (unaudited)

(In millions, except share data)	June 30, 2026	December 31, 2025
Assets
Asset Management
Cash and cash equivalents	$3,415	$3,350
Restricted cash and cash equivalents	19	19
Investments	6,325	6,226
Assets of consolidated variable interest entities
Cash and cash equivalents	1,272	327
Investments	3,713	3,509
Due from related parties	23	16
Other assets	634	230
Due from related parties	940	647
Goodwill	1,833	1,848
Other assets	3,587	3,376
	21,761	19,548
Retirement Services
Cash and cash equivalents	21,957	14,994
Restricted cash and cash equivalents	1,583	1,332
Investments	333,842	321,081
Investments in related parties	43,300	34,979
Assets of consolidated variable interest entities
Cash and cash equivalents	171	569
Investments	31,884	29,992
Other assets	202	346
Reinsurance recoverable	10,929	10,282
Deferred acquisition costs, deferred sales inducements and value of business acquired	9,279	8,634
Goodwill	4,079	4,072
Other assets	15,061	15,120
	472,287	441,401
Total Assets	$494,048	$460,949
(Continued)
See accompanying notes to the unaudited condensed consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED)

(In millions, except share data)	June 30, 2026	December 31, 2025
Liabilities, Redeemable non-controlling interests and Equity
Liabilities
Asset Management
Accounts payable, accrued expenses, and other liabilities	$4,130	$3,861
Due to related parties	1,173	1,062
Debt	5,895	5,516
Liabilities of consolidated variable interest entities
Accounts payable, accrued expenses, and other liabilities	3,847	1,949
	15,045	12,388
Retirement Services
Interest sensitive contract liabilities	344,593	315,889
Future policy benefits	48,241	50,264
Market risk benefits	5,283	4,930
Debt	7,832	7,848
Payables for collateral on derivatives and securities to repurchase	11,199	11,085
Other liabilities	18,981	14,329
Liabilities of consolidated variable interest entities
Other liabilities	1,392	1,701
	437,521	406,046
Total Liabilities	452,566	418,434
Commitments and Contingencies (note 17)
Redeemable non-controlling interests
Redeemable non-controlling interests	—	—
Equity
Mandatory Convertible Preferred Stock, 28,749,227 and 28,749,665 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	1,398	1,398
Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 575,971,752 and 578,981,398 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	—	—
Additional paid in capital	16,668	16,954
Retained earnings	6,149	7,634
Accumulated other comprehensive income (loss)	(3,209)	(2,645)
Total Apollo Global Management, Inc. Stockholders’ Equity	21,006	23,341
Non-controlling interests	20,476	19,174
Total Equity	41,482	42,515
Total Liabilities, Redeemable non-controlling interests and Equity	$494,048	$460,949
(Concluded)
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.