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.

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Contents

Condensed Consolidated Statements of Financial Condition (unaudited)

(In millions, except share data)	September 30, 2026	December 31, 2025
Assets
Asset Management
Cash and cash equivalents	$4,004	$3,350
Restricted cash and cash equivalents	3	19
Investments	5,902	6,226
Assets of consolidated variable interest entities
Cash and cash equivalents	253	327
Investments	4,328	3,509
Due from related parties	18	16
Other assets	208	230
Due from related parties	968	647
Goodwill	1,977	1,848
Other assets	3,727	3,376
	21,388	19,548
Retirement Services
Cash and cash equivalents	17,326	14,994
Restricted cash and cash equivalents	1,066	1,332
Investments	335,677	321,081
Investments in related parties	48,409	34,979
Assets of consolidated variable interest entities
Cash and cash equivalents	199	569
Investments	32,703	29,992
Other assets	174	346
Reinsurance recoverable	11,308	10,282
Deferred acquisition costs, deferred sales inducements and value of business acquired	9,598	8,634
Goodwill	4,079	4,072
Other assets	16,399	15,120
	476,938	441,401
Total Assets	$498,326	$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)	September 30, 2026	December 31, 2025
Liabilities, Redeemable non-controlling interests and Equity
Liabilities
Asset Management
Accounts payable, accrued expenses, and other liabilities	$4,420	$3,861
Due to related parties	1,196	1,062
Debt	5,936	5,516
Liabilities of consolidated variable interest entities
Debt	500	—
Accounts payable, accrued expenses, and other liabilities	2,326	1,949
	14,378	12,388
Retirement Services
Interest sensitive contract liabilities	354,099	315,889
Future policy benefits	45,166	50,264
Market risk benefits	4,668	4,930
Debt	8,813	7,848
Payables for collateral on derivatives and securities to repurchase	11,098	11,085
Other liabilities	23,272	14,329
Liabilities of consolidated variable interest entities
Other liabilities	686	1,701
	447,802	406,046
Total Liabilities	462,180	418,434
Commitments and Contingencies (note 17)
Redeemable non-controlling interests
Redeemable non-controlling interests	—	—
Equity
Mandatory Convertible Preferred Stock, 0 and 28,749,665 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively	—	1,398
Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 590,668,684 and 578,981,398 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively	—	—
Additional paid in capital	18,236	16,954
Retained earnings	4,721	7,634
Accumulated other comprehensive income (loss)	(7,008)	(2,645)
Total Apollo Global Management, Inc. Stockholders’ Equity	15,949	23,341
Non-controlling interests	20,197	19,174
Total Equity	36,146	42,515
Total Liabilities, Redeemable non-controlling interests and Equity	$498,326	$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.