Apollo Global Management (APO) Free Cash Flow (2021 - 2026)

Apollo Global Management (APO) recorded quarterly Free Cash Flow of $1.6 billion in Q1 2026, down 65.3% quarter-over-quarter from $4.7 billion in Q4 2025, and up 60.08% on a YoY basis from $1.0 billion in Q1 2025.

Apollo Global Management (APO) Free Cash Flow (2021 - 2026) Analysis & Trends

Apollo Global Management's Free Cash Flow history runs 6 years deep, the most recent figure standing at $1.6 billion for Q1 2026.

  • In Q1 2026, Free Cash Flow rose 60.08% year-over-year to $1.6 billion; the TTM figure through Mar 2026 stood at $7.9 billion (up 87.22% YoY), while the FY2025 annual figure was $7.2 billion, up 122.75% from the prior year.
  • Free Cash Flow was $1.6 billion for Q1 2026 at Apollo Global Management, down from $4.7 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $4.7 billion in Q4 2025 to a low of -$4.0 billion in Q1 2022.
  • Historically, Free Cash Flow has averaged $1.3 billion across 5 years, with a median of $1.3 billion in 2024.
  • The sharpest annual moves came in 2022 and 2025: Free Cash Flow tumbled 1643.67% in 2022, then jumped 116825.0% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at $1.5 billion in 2022, then surged by 40.89% to $2.1 billion in 2023, then sank by 100.19% to -$4.0 million in 2024, then surged by 116825.0% to $4.7 billion in 2025, then sank by 65.3% to $1.6 billion in 2026.
  • The last three Free Cash Flow figures came in at $1.6 billion (Q1 2026), $4.7 billion (Q4 2025), and $303.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -1.09 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 957.64 Mn
3 Kkr 86.45 Bn 133.96 Bn - 1.72 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.62 Bn
5 State Street 46.95 Bn 21.27 Bn - -12.41 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -329.40 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 1.05 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 390.87 Mn
10 Principal Financial 23.79 Bn 20.28 Bn -463.00 Mn 153.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.62 Bn
Mar 31, 2026 1.62 Bn
Dec 31, 2025 4.67 Bn
Dec 31, 2025 4.67 Bn
Sep 30, 2025 303.00 Mn
Sep 30, 2025 303.00 Mn
Jun 30, 2025 1.26 Bn
Jun 30, 2025 1.26 Bn
Mar 31, 2025 1.01 Bn
Mar 31, 2025 1.01 Bn
Dec 31, 2024 -4.00 Mn
Dec 31, 2024 -4.00 Mn
Sep 30, 2024 1.85 Bn
Sep 30, 2024 1.85 Bn
Jun 30, 2024 1.33 Bn
Jun 30, 2024 1.33 Bn
Mar 31, 2024 70.00 Mn
Mar 31, 2024 70.00 Mn
Dec 31, 2023 2.06 Bn
Dec 31, 2023 2.06 Bn