Asset Management & Retirement Segments was Apollo Global Management’s largest segment in fiscal 2025, bringing in $101.05B of $138.40B (73%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Asset Management & Retirement Segments | — | — | $82.48B | $101.05B |
| Retirement Services | $34.83B | $48.38B | $9.11B | $12.35B |
| Asset Management | $13.10B | $15.82B | $20.88B | $25.00B |
| Principal Investing | $4.63B | — | — | — |
| Total | $52.55B | $64.20B | $112.47B | $138.40B |
Apollo Global Management brought in $138.40B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 23.1% from $112.47B in fiscal 2024. Asset Management & Retirement Segments was the largest at $101.05B (73.0%), ahead of Asset Management at $25.00B (18.1%) and Retirement Services at $12.35B (8.9%).
Compared with fiscal 2024, Retirement Services grew fastest, up 35.6% to $12.35B. Every segment above 2% of revenue grew.
Apollo Global Management began breaking out Asset Management & Retirement Segments in fiscal 2024, when it brought in $82.48B. Apollo Global Management stopped reporting Principal Investing as a separate segment after fiscal 2022, when it brought in $4.63B.
Payout Annuities With Life Contingencies was Apollo Global Management’s largest product and service line in fiscal 2023, bringing in $52.52B of $63.75B (82%).
| Product and Service | FY 2023 |
|---|---|
| Payout Annuities With Life Contingencies | $52.52B |
| Whole Life | $11.07B |
| Reconciling Items | $155.00M |
| Total | $63.75B |
Apollo Global Management brought in $63.75B from its three product and service lines in fiscal 2023, the year ended December 31, 2023. Payout Annuities With Life Contingencies was the largest at $52.52B (82.4%), ahead of Whole Life at $11.07B (17.4%) and Reconciling Items at $155.00M (0.2%).
Apollo Global Management (APO) reports its revenue by segment and by product and service. In fiscal 2025, Asset Management & Retirement Segments was its largest segment, bringing in $101.05B (73.0% of the total), followed by Asset Management at $25.00B (18.1%).
Asset Management & Retirement Segments was Apollo Global Management's largest segment in fiscal 2025, bringing in $101.05B, or 73.0% of the $138.40B total across its three segments.
Payout Annuities With Life Contingencies was Apollo Global Management's largest product and service line in fiscal 2023, bringing in $52.52B, or 82.4% of the $63.75B total across its three product and service lines.
Among Apollo Global Management's segments that make up at least 2% of revenue, Retirement Services grew fastest in fiscal 2025, up 35.6% from $9.11B to $12.35B.
Every figure comes from Apollo Global Management's annual financial filings, as reported. Each line keeps the name Apollo Global Management gives it, and years follow its fiscal calendar.
Apollo Global Management's revenue by segment goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.