Apollo Global Management, Inc. (APO) Stock Price & Analysis
Apollo Global Management, Inc. (APO) closed at USD 114.83 on Thursday, October 22, 2026, up 2.81% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 111.69; the Oct 22, 2026 session ranged USD 109.97–114.86 on volume of 4,208,231 shares. Market capitalization is $67.81B, with a 52-week range of USD 99.56–153.29 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/APO.md
Key facts (APO)
- Last four reported quarters (through Jun 30, 2026): revenue $35.9B, net income $1.88B (5.2% margin) (SEC filings).
- Valuation: P/E 36.2x (avg 19.1x at the last 3 fiscal year-ends), net cash $14.7B.
- 3 of 80 tracked superinvestors hold APO (13F, Q2 2026): 0 new, 0 added, 1 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $7.7M; 3 not under a Rule 10b5-1 plan ($7.7M); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.05 on a 1–5 scale) (22 analysts), mean target USD 148.7 (range 127–173).
- Total return with dividends: 1Y -5.1% vs S&P 500 +14.9%; 5Y +58.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 2.2, revenue estimate $1.36B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (APO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.95B | $11.0B | $32.6B | $26.1B | $32.0B | $35.9B |
| Net income | $1.84B | -$1.96B | $5.05B | $4.58B | $3.49B | $1.88B |
| EPS (diluted) | $7.32 | -$3.43 | $8.28 | $7.33 | $5.54 | — |
| Net margin | 30.9% | -17.9% | 15.5% | 17.5% | 10.9% | 5.2% |
| Revenue growth | +152.8% | +84.3% | +197.6% | -20.0% | +22.7% | — |
| Cash + short-term investments | $917M | $8.98B | $17.7B | $17.1B | $20.6B | — |
| Total debt | $3.13B | $6.47B | $8.09B | $10.6B | $13.4B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (APO)
P/E 36.2x · P/S 1.9x · EV/Sales 1.5x · P/B 3.2x · Earnings yield 2.76% · Dividend yield (paid, TTM) 1.87% · Buyback yield (TTM) 1.93% · Net cash $14.7B · EV $53.1B
P/E at fiscal year-ends: Dec 2025 24.6x, Dec 2024 21.8x, Dec 2023 10.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (APO)
3 of 80 tracked investors hold APO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Leon Cooperman | Omega Family Office | 4.46% | $158M | Unchanged |
| Chase Coleman | Tiger Global Management | 1.34% | $322M | Reduced -17.3% |
| Thomas Gayner | Markel Group | 0.91% | $120M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (APO)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-14 | Kelly Martin | Chief Financial Officer | 3,000 | $423K | 0.7% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-05-27 | Zito John P. | Co-President (see Remarks) | 48,644 | $6.4M | 1.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Kelly Martin | Chief Financial Officer | 7,000 | $943K | 1.6% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (APO)
Consensus Buy (mean 2.05 on a 1–5 scale), 22 analysts; mean target USD 148.7 (low 127, high 173).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Piper Sandler | Target lowered | Overweight | $159 → $145 |
| 2026-10-13 | UBS | Target lowered | Buy | $172 → $163 |
| 2026-10-12 | TD Cowen | Target lowered | Buy | $159 → $154 |
| 2026-10-02 | Wells Fargo | Initiated | Equal-Weight | $127 |
| 2026-09-02 | JP Morgan | Target raised | Overweight | $150 → $154 |
| 2026-08-05 | UBS | Target raised | Buy | $157 → $172 |
| 2026-08-05 | RBC Capital | Target raised | Sector Perform | $137 → $146 |
| 2026-08-05 | Barclays | Target raised | Overweight | $132 → $157 |
| 2026-07-21 | Morgan Stanley | Target lowered | Overweight | $165 → $164 |
| 2026-07-20 | HSBC | Initiated | Buy | $145 |
| 2026-07-13 | RBC Capital | Target lowered | Sector Perform | $146 → $137 |
| 2026-07-13 | BMO Capital | Target lowered | Market Perform | $140 → $126 |
Total return (dividends reinvested) (APO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -5.1% | +58.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -5.2% | +9.7% |
| Volatility (annualized) | 35.8% | 37.2% |
| Max drawdown | -34.0% (Jan 2026→Mar 2026) | -40.3% (Dec 2024→Apr 2026) |
APO revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Retirement Services | $9.53B | 85.4% | +66.9% |
| Asset Management and Retirement Segments | $5.57B | 50.0% | +14.7% |
| Asset Management | $1.63B | 14.6% | +47.0% |
| Principal Investing | $157.0M | 1.4% | -32.3% |
| Total revenue | $11.15B | 100% | — |
APO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Asset Management1 | $749.0M | 6.7% | +28.5% |
| Investment Advice | $418.0M | 3.7% | +50.9% |
| Management Service Incentive | $59.0M | 0.5% | +1.7% |
| Total revenue | $11.15B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
APO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Athene Holding Ltd. (ATH-PA) | “AHL's information security program is managed by its CISO with collaboration across lines of businesses and corporate functions.” |
Quoted from the company's 10-K filed Feb 25, 2026.
Companies that name APO in their SEC reports
| Relationship to APO | Company | Filing | Sentence |
|---|---|---|---|
| related | ADT Inc. (ADT) | 10-K Mar 2, 2026 | “As a result of Apollo selling shares of our Common Stock (as discussed in Note 16 "Related Party Transactions") and our share repurchase program, an ownership change (as defined under Sections 382 and 383 of the Internal Revenue Code) occurred during the second quarter of 2025.” |
| partner | QXO, Inc. (QXO) | 10-K Feb 27, 2026 | “In January 2026, the Company entered into an investment agreement with AP Quince Holdings, L.P., a fund managed by affiliates of Apollo Global Management, Inc., and the other investors party thereto, pursuant to which such investors committed until July 15, 2026 (the "Initial Commitment Period") to purchase up to 300,000 shares of a new series of Series C Convertible Perpetual Preferred Stock, par value $0.001 per…” |
| partner | Hilton Grand Vacations Inc. (HGV) | 10-K Feb 26, 2026 | “Stockholders Agreement with Apollo” |
| partner | MidCap Financial Investment Corp (MFICL) | 10-K Feb 26, 2026 | “We are dependent upon Apollo Investment Management, L.P.'s key personnel for our future success and upon their access to Apollo Global Management, Inc's investment professionals and partners.” |
| partner | Apollo Commercial Real Estate Finance, Inc. (ARI) | 10-K Feb 10, 2026 | “AGM's CISO, in coordination with the Apollo Technology and ERM teams, works collaboratively across Apollo to implement a program designed to protect its information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with its incident response and recovery plans.” |
| partner | Phoenix Education Partners, Inc. (PXED) | 10-K Nov 20, 2025 | “Apollo and Vistria are affiliated with entities that have ownership interests in Phoenix Education Partners.” |
APO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.20 | $2.29 | -4.0% | $1.36B | 18 |
| Next quarter (ends Dec 2026) | $2.40 | $2.45 | -1.9% | $1.43B | 15 |
| Current fiscal year (ends Dec 2026) | $8.67 | $8.85 | -2.0% | $5.40B | 22 |
| Next fiscal year (ends Dec 2027) | $10.65 | $10.66 | -0.1% | $6.31B | 22 |
APO options: expected move
Options price a move of about ±8.7% (±$10.05) by Nov 6, 2026, which includes earnings on Nov 3, 2026; the earnings reaction alone is priced at about ±5.3%. Over the last 8 reports the stock moved ±2.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 43.7% | ±5.2% |
| Nov 6, 2026 | 14 | 53.9% | ±8.7% |
| Nov 13, 2026 | 21 | 48.7% | ±9.6% |
| Nov 20, 2026 | 28 | 45.1% | ±10.2% |
| Nov 27, 2026 | 35 | 41.5% | ±10.4% |
| Dec 4, 2026 | 42 | 41.2% | ±11.3% |
| Dec 18, 2026 | 56 | 40.2% | ±12.6% |
| Jan 15, 2027 | 84 | 39.3% | ±15.1% |
30-day implied volatility 44.4% vs 24.9% realized over the last 30 trading days. Put/call ratio (volume) 3.98. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:15 UTC)
| Price | USD 114.83 |
|---|---|
| Change | ▲ 2.81% (up) |
| Previous Close | USD 111.69 |
| Open | USD 109.99 |
| Day Range | USD 109.97 – 114.86 |
| 52-Week Range | USD 99.56 – 153.29 |
| Volume | 4,208,231 shares |
| Market Cap | $67.81B |
| Exchange | NYQ |
Technical Analysis (APO)
Nexqual's technical model rates APO "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:15 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.67 (neutral) |
| vs SMA50 | Below (USD 124.79) |
| MACD | -3.34 (negative) |
Analyst Ratings (APO)
Wall Street analysts rate APO "Buy" based on 22 analysts, with a mean price target of USD 148.7 (range USD 127–173), per Nexqual as of October 23, 2026 at 09:15 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 22 |
| Mean Target | USD 148.7 |
| High Target | USD 173 |
| Low Target | USD 127 |
| Buy / Hold / Sell | 16 / 6 / 0 |
Earnings (APO)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 2.2 |
| Revenue Estimate | $1.36B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.11 vs est 2.16 ▼ miss |
| 2026-03-31 | USD 1.94 vs est 1.88 ▲ beat |
| 2025-12-31 | USD 2.47 vs est 2.04 ▲ beat |
| 2025-09-30 | USD 2.17 vs est 1.9 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financials & Fundamentals (APO)
| Total Revenue | $35.60B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +63.80% |
| Gross Margin | +36.14% |
| Operating Margin | +21.95% |
| Profit Margin | +5.27% |
| ROE | +11.41% |
| Debt / Equity | 1.01 |
| Current Ratio | 1.95 |
| Total Cash | $47.62B |
| Total Debt | $41.88B |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financial Health Score (APO)
Nexqual rates Apollo Global Management, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:15 UTC.
| Growth | Strong — Revenue +22% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 36%, operating 22% (last 12 months) |
| Balance Sheet | Mixed — $28.4B cash and investments vs $13.7B debt (Jun 2026, SEC), net cash |
| Cash Flow | Solid — Operating cash flow $7.25B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 11%, ROA 0.9% |
Ownership (APO)
| Insider Ownership | +26.25% |
|---|---|
| Institutional Ownership | +67.97% |
| Shares Outstanding | 590.54M |
| Float | 465.04M |
| Short % of Float | +4.40% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Leadership (APO)
Apollo Global Management, Inc. is led by Marc Jeffrey Rowan, Co-Founder, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:15 UTC.
| Co-Founder, CEO & Chairman of the Board | Marc Jeffrey Rowan |
|---|---|
| Co- Founder, Executive Chairman, Chief Investment Officer of Athene and Partner & Director | James Richard Belardi |
| Partner & CFO | Martin Bernard Kelly |
| Co-President of Apollo Asset Management | John T. Zito C.F.A. |
| President & Director | James Charles Zelter |
Major Backers & Investors (APO)
Notable institutional backers of Apollo Global Management, Inc. include Capital Group, FMR, LLC, Franklin Resources, Inc., according to Nexqual as of October 23, 2026 at 09:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital Group | 7.16% |
| FMR, LLC | 4.1% |
| Franklin Resources, Inc. | 1.77% |
| National Philanthropic Trust | 1.55% |
| WASHINGTON MUTUAL INVESTORS FUND | 1.15% |
| Fidelity | 1.01% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 7.23% |
| BlackRock | 5.63% |
| State Street | 3.37% |
| Geode Capital | 1.76% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
From Apollo Global Management, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Our Asset Management segment had a team of approximately 4,130 employees, including 600 employees of Bridge as of December 31, 2025, with offices throughout the world.
- As of December 31, 2025, approximately 2,010 employees supported our Retirement Services segment.
- Our investment professionals are responsible for the end-to-end investment process and, where applicable, may commit capital alongside investors.
- Our flexible mandate and purchase price discipline allow us to embrace complexity and seek attractive outcomes for our stakeholders.
Partnerships
- Athene also established a secured FABR program in which a special-purpose, unaffiliated entity enters into a repurchase agreement with a bank and the proceeds of the repurchase agreement are used by the special-purpose entity to purchase funding agreements from Athene subsidiaries.
- We have established allocation policies and governance mechanisms designed to allocate investment opportunities among funds, vehicles and managed accounts in a manner consistent with applicable governing documents and investment objectives.
Legal & Regulatory Risks (Item 1A, quoted)
- Our businesses may be adversely affected as a result of new or revised legislation or regulations imposed by U.S. or foreign government agencies or self-regulatory organizations.
- We have been and may be the target or the subject of third-party litigation from time to time that could result in significant liabilities and/or reputational harm, which could have a material adverse effect on our results of operations, financial condition and liquidity.
- Climate change-related risks and regulatory and other efforts to address climate change could adversely affect our business.
- Risks Related to Taxation
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BAM | Brookfield Asset Management Inc | USD 47.64 | ▲ 3.45% |
| KKR | KKR & Co. Inc. | USD 93.09 | ▲ 3.58% |
| BN | Brookfield Corporation | USD 38.28 | ▲ 2.05% |
| STT | State Street Corporation | USD 167.84 | ▼ 0.66% |
| AMP | Ameriprise Financial, Inc. | USD 496.83 | ▲ 1.29% |
| ARES | Ares Management Corporation | USD 123.7 | ▲ 5.72% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:15 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt