Growth Metrics

Apollo Global Management (APO) Other Working Capital Changes (2021 - 2026)

Apollo Global Management's quarterly Other Working Capital Changes came in at -$1.6 billion in Q1 2026, down 370.29% year-on-year from $589.0 million in Q1 2025, and down 309.47% quarter-over-quarter from $760.0 million in Q4 2025.

Apollo Global Management has reported Other Working Capital Changes for 6 years, with the latest figure at -$1.6 billion in Q1 2026.

  • For the quarter ending Q1 2026, Other Working Capital Changes fell 370.29% year-over-year to -$1.6 billion; the trailing twelve-month figure through Mar 2026 stood at -$1.1 billion (down 150.47% YoY), and the FY2025 full-year result was $1.1 billion, down 29.39% from the prior year.
  • Other Working Capital Changes for Q1 2026 stood at -$1.6 billion, down from $760.0 million in the prior quarter.
  • The five-year high for Other Working Capital Changes was $3.7 billion in Q4 2023, with the low at -$2.2 billion in Q1 2022.
  • Average Other Working Capital Changes over 5 years is $148.5 million, with a median of $202.0 million recorded in 2023.
  • Year-over-year, Other Working Capital Changes sank 952.12% in 2022 and soared 1410.26% in 2025.
  • Tracing APO's Other Working Capital Changes over 5 years: stood at $1.8 billion in 2022, then jumped by 101.79% to $3.7 billion in 2023, then sank by 85.43% to $543.0 million in 2024, then soared by 39.96% to $760.0 million in 2025, then slumped by 309.47% to -$1.6 billion in 2026.
  • The last three Other Working Capital Changes figures came in at -$1.6 billion (Q1 2026), $760.0 million (Q4 2025), and -$392.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn -
2 Blackstone 92.68 Bn 91.63 Bn -
3 Kkr 84.94 Bn 132.45 Bn -
4 Brookfield Asset Management 77.34 Bn 77.68 Bn -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn
6 State Street 44.42 Bn 18.75 Bn -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn
8 Northern Trust 31.21 Bn 31.21 Bn -
9 Ares Management 28.85 Bn 32.22 Bn -
10 Raymond James Financial 28.62 Bn 17.38 Bn -

Historic Data

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DateValue
Mar 31, 2026 -1.59 Bn
Mar 31, 2026 -1.59 Bn
Dec 31, 2025 760.00 Mn
Dec 31, 2025 760.00 Mn
Sep 30, 2025 -392.00 Mn
Sep 30, 2025 -392.00 Mn
Jun 30, 2025 153.00 Mn
Jun 30, 2025 153.00 Mn
Mar 31, 2025 589.00 Mn
Mar 31, 2025 589.00 Mn
Dec 31, 2024 543.00 Mn
Dec 31, 2024 543.00 Mn
Sep 30, 2024 551.00 Mn
Sep 30, 2024 551.00 Mn
Jun 30, 2024 439.00 Mn
Jun 30, 2024 439.00 Mn
Mar 31, 2024 39.00 Mn
Mar 31, 2024 39.00 Mn
Dec 31, 2023 3.73 Bn
Dec 31, 2023 3.73 Bn
Sep 30, 2023 202.00 Mn
Sep 30, 2023 202.00 Mn
Jun 30, 2023 34.00 Mn
Jun 30, 2023 34.00 Mn
Mar 31, 2023 852.00 Mn
Mar 31, 2023 852.00 Mn
Dec 31, 2022 1.85 Bn
Dec 31, 2022 1.85 Bn
Sep 30, 2022 -1.63 Bn
Sep 30, 2022 -1.63 Bn
Jun 30, 2022 -1.41 Bn
Jun 30, 2022 -1.41 Bn
Mar 31, 2022 -2.19 Bn
Mar 31, 2022 -2.19 Bn
Dec 31, 2021 -422.00 Mn
Dec 31, 2021 -422.00 Mn
Sep 30, 2021 -1.47 Bn
Sep 30, 2021 -1.47 Bn
Jun 30, 2021 165.00 Mn
Jun 30, 2021 165.00 Mn
Mar 31, 2021 -1.33 Bn
Mar 31, 2021 -1.33 Bn