Apollo Global Management (APO) FCF Margin (2021 - 2026)

Apollo Global Management (APO) recorded quarterly FCF Margin of 32.02% in Q1 2026, up 234.13% quarter-over-quarter from 23.87% in Q4 2025, and down 76483.0% on a YoY basis from N/an in Q1 2025.

Apollo Global Management (APO) FCF Margin (2021 - 2026) Analysis & Trends

Apollo Global Management's FCF Margin history runs 6 years deep, the most recent figure standing at 32.02% for Q1 2026.

  • In Q1 2026, FCF Margin fell 76483.0% year-over-year to 32.02%; the TTM figure through Mar 2026 stood at 367.18% (up 33737.0% YoY), while the FY2025 annual figure was 275.72%, up 2891.0% from the prior year.
  • FCF Margin was 32.02% for Q1 2026 at Apollo Global Management, up from 23.87% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 796.85% in Q1 2025 to a low of 463.23% in Q1 2022.
  • Historically, FCF Margin has averaged 41.14% across 5 years, with a median of 20.2% in 2023.
  • The sharpest annual moves came in 2025 and 2026: FCF Margin jumped 79586 bps in 2025, then sank 76483 bps in 2026.
  • A 5-year view of FCF Margin shows it stood at 30.26% in 2022, then sank by 177 bps to 23.32% in 2023, then soared by 89 bps to 2.58% in 2024, then sank by 825 bps to 23.87% in 2025, then soared by 234 bps to 32.02% in 2026.
  • The last three FCF Margin figures came in at 32.02% (Q1 2026), 23.87% (Q4 2025), and 3.08% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -16.21%
2 Blackstone 96.85 Bn 95.80 Bn - 26.47%
3 Kkr 86.45 Bn 133.96 Bn - 39.82%
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 32.02%
5 State Street 46.95 Bn 21.27 Bn - -327.00%
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 8.80%
7 Northern Trust 31.92 Bn 31.92 Bn - -24.56%
8 Raymond James Financial 30.62 Bn 19.37 Bn - 24.73%
9 Ares Management 29.04 Bn 32.41 Bn - 27.99%
10 Principal Financial 23.79 Bn 20.28 Bn -463.00 Mn 13.35%

Historic Data

Download Data
DateValue
Mar 31, 2026 32.02%
Dec 31, 2025 -23.87%
Sep 30, 2025 3.08%
Jun 30, 2025 18.52%
Mar 31, 2025 796.85%
Dec 31, 2024 -2.58%
Sep 30, 2024 23.85%
Jun 30, 2024 22.15%
Mar 31, 2024 0.99%
Dec 31, 2023 -23.32%
Sep 30, 2023 -14.03%
Jun 30, 2023 25.92%
Mar 31, 2023 20.20%
Dec 31, 2022 30.26%
Sep 30, 2022 78.68%
Jun 30, 2022 173.80%
Mar 31, 2022 -463.23%
Dec 31, 2021 -89.79%
Sep 30, 2021 96.85%
Jun 30, 2021 95.59%