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

Apollo Global Management (APO) recorded quarterly Other Working Capital Changes of -$1.6 billion in Q1 2026, down 309.47% quarter-over-quarter from $760.0 million in Q4 2025, and down 370.29% on a YoY basis from $589.0 million in Q1 2025.

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

Apollo Global Management's Other Working Capital Changes history runs 6 years deep, the most recent figure standing at -$1.6 billion for Q1 2026.

  • In Q1 2026, Other Working Capital Changes fell 370.29% year-over-year to -$1.6 billion; the TTM figure through Mar 2026 stood at -$1.1 billion (down 150.47% YoY), while the FY2025 annual figure was $1.1 billion, down 29.39% from the prior year.
  • Other Working Capital Changes was -$1.6 billion for Q1 2026 at Apollo Global Management, down from $760.0 million in the prior quarter.
  • In the past five years, Other Working Capital Changes ranged from a high of $3.7 billion in Q4 2023 to a low of -$2.2 billion in Q1 2022.
  • Historically, Other Working Capital Changes has averaged $148.5 million across 5 years, with a median of $202.0 million in 2023.
  • The sharpest annual moves came in 2022 and 2025: Other Working Capital Changes sank 952.12% in 2022, then jumped 1410.26% in 2025.
  • A 5-year view of Other Working Capital Changes shows it stood at $1.8 billion in 2022, then soared by 101.79% to $3.7 billion in 2023, then slumped by 85.43% to $543.0 million in 2024, then surged by 39.96% to $760.0 million in 2025, then tumbled 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 154.03 Bn 144.41 Bn -
2 Blackstone 89.67 Bn 88.62 Bn -
3 Kkr 82.99 Bn 130.50 Bn -
4 Apollo Global Management 75.96 Bn 94.69 Bn 5.04 Bn
5 State Street 45.12 Bn 19.44 Bn -
6 Ameriprise Financial 41.87 Bn 41.74 Bn 4.57 Bn
7 Northern Trust 31.37 Bn 31.37 Bn -
8 Raymond James Financial 29.45 Bn 18.21 Bn -
9 Ares Management 28.36 Bn 31.73 Bn -
10 Price T Rowe 22.94 Bn 19.37 Bn -

Historic Data

Download Data
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