Apollo Global Management (APO) stock
Financials · Asset Management & Custody Banks
Apollo Global Management (APO) is an Asset Management & Custody Banks company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, APO closed at $112.83, a market capitalization of $66.63 billion, the 186th largest company in the S&P 500. The stock trades at 40.4x trailing earnings and 10.6x forward earnings.
- 1-year total return: -6.8% (dividends reinvested)
- 5-year return: +9.3% a year
- 52-week range: $99.56 – $153.29
- Dividend yield: 1.99%, 3 straight years of increases
- FI Handbook report card: C+ across 3 metrics
- 30th largest of 76 Financials stocks in the S&P 500
APO price chart
1Y price change: -8.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| APO | -9.3% | -21.1% | -6.8% | +12.6% | +9.3% | +25.0% | +19.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2011.
APO key statistics
- Market cap
- $66.6B
- #186 in S&P 500
- P/E (TTM)
- 40.4x
- Forward P/E
- 10.6x
- EPS (TTM)
- —
- Revenue (TTM)
- —
- Free cash flow
- $9.5B
- Gross margin
- —
- Operating margin
- —
- Return on equity
- —
- Dividend yield
- 1.99%
- 52-week range
- $99.56 – $153.29
- Beta
- —
- Price / sales
- —
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- —
APO report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth——
- Gross margin——
- Operating margin——
- FCF margin——
- Return on equity——
- Net debt / EBITDA——
- Forward P/E10.6xA
- PEG ratio——
- Shareholder yield3.2%B
- Share count change / yr21.1%F
Apollo Global Management financials
Revenue went from $2.4B in fiscal 2020 to $32.0B in fiscal 2025, growing 68.6% a year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.4B | $6.0B | $11.0B | $32.6B | $26.1B | $32.0B |
| Net income | $157.0M | $1.8B | -$2.0B | $5.0B | $4.6B | $3.5B |
| EPS (diluted) | $0.44 | $7.32 | $-3.43 | $8.28 | $7.33 | $5.54 |
| Buybacks | $92.0M | $299.0M | $635.0M | $561.0M | $890.0M | $773.0M |
| Dividends paid | $550.0M | $517.0M | $962.0M | $1.0B | $1.1B | $1.2B |
| Diluted shares | 227.5M | 236.6M | 584.7M | 588.8M | 604.0M | 593.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into APO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $66.6B and $9.5B of trailing free cash flow, Apollo Global Management needs to grow free cash flow about -14.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 20.4x vs. median 18.6x (10th–90th percentile 7.8x–140.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
APO dividend
- Dividend yield
- 1.99%
- Annual dividend
- $2.25
- Years of increases
- 3
- 5-yr dividend growth
- 7.0%
- per year
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
APO analyst price targets
22 analysts' average 12-month target is $148.70 (+32% vs. $112.83). Targets range from $127.00 to $173.00. 73% rate it a buy.
APO earnings
Next report: November 3, 2026. Last quarter's revenue was $11.2B (+64% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 4, 2026 | $2.16 | $2.11 | -2.2% |
| May 6, 2026 | $1.88 | $1.94 | +2.9% |
| Feb 9, 2026 | $2.04 | $2.47 | +21.3% |
| Nov 4, 2025 | $1.90 | $2.17 | +14.2% |
| Aug 5, 2025 | $1.84 | $1.92 | +4.2% |
| May 2, 2025 | $1.84 | $1.82 | -1.3% |
| Feb 4, 2025 | $1.89 | $2.22 | +17.5% |
| Nov 5, 2024 | $1.72 | $1.85 | +7.3% |
Stocks like APO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 BLK BlackRock | -1.67% | +2% | $181.7B | 25.5x | Compare |
 BX Blackstone | -0.66% | -21% | $141.0B | 26.3x | Compare |
 BNY Bank of New York Mellon Cor | -0.03% | +39% | $97.8B | 16.1x | Compare |
 KKR KKR | -1.88% | -24% | $84.4B | 29.2x | Compare |
 STT State Street | -0.01% | +50% | $45.8B | 13.7x | Compare |
 AMP Ameriprise Financial | -0.93% | +4% | $43.5B | 11.9x | Compare |
 ARES Ares Management | -1.31% | -14% | $40.5B | 56.3x | Compare |
 NTRS Northern Trust | +1.27% | +37% | $30.7B | 13.2x | Compare |
APO news
- Apollo’s Torsten Slok Warns AI Has Delivered ‘Zero Financial Payoff’ Outside Tech — 'AI Story Will Be Decided In The S&P 493, Not The Mag 7' · Oct 25, 2026
- Apollo’s Slok Says AI Has Delivered Zero Payoff Outside of Tech · Oct 25, 2026
- 3 Financial Stocks Backing AI Infrastructure as Data Center Funding Gets Tough · Oct 24, 2026
- SpaceX Is Working With Nvidia, Apollo And Other Top Tech And Consulting Firms On A Grok Partnership Program · Oct 22, 2026
- Why Apollo’s Marc Rowan Says ‘There is No Alpha in Public Markets’ · Oct 22, 2026
APO stock FAQ
What is APO's market cap?
Apollo Global Management's market capitalization is $66.63 billion as of October 23, 2026, ranking 186th in the S&P 500.
What is APO's P/E ratio?
APO trades at a trailing price-to-earnings ratio of 40.4x and a forward P/E of 10.6x. Its median P/E over the period we track is 18.6x.
Does APO pay a dividend?
Yes. Apollo Global Management pays $2.25 per share a year, a 1.99% yield. It has raised its dividend 3 years in a row. Dividends grew 7.0% a year over the last five years.
How much has APO stock returned?
Including reinvested dividends, APO returned -6.8% over one year, +9.3% a year over five years, +25.0% a year over ten years through October 23, 2026.
Is APO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Apollo Global Management must grow free cash flow about -14% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the APO price target?
22 analysts cover APO with an average 12-month price target of $148.70, +32% from the current price. 73% of them rate it a buy.
When does APO report earnings?
Apollo Global Management is expected to report earnings on November 3, 2026.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology