Retirement Services was Apollo Global Management’s largest segment in fiscal 2025, bringing in $27.05B of $32.05B (84%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Retirement Services | $11.64B | $29.14B | $21.94B | $27.05B |
| Asset Management | — | $3.51B | $4.18B | $5.00B |
| Total | $11.64B | $32.64B | $26.11B | $32.05B |
Apollo Global Management brought in $32.05B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 22.7% from $26.11B in fiscal 2024. Retirement Services was the largest at $27.05B (84.4%), ahead of Asset Management at $5.00B (15.6%).
Compared with fiscal 2024, Retirement Services grew 23.3% to $27.05B and Asset Management grew 19.7% to $5.00B.
Apollo Global Management began breaking out Asset Management in fiscal 2023, when it brought in $3.51B.
Payout Annuities With Life Contingencies was Apollo Global Management’s largest product and service line in fiscal 2022, bringing in $11.61B of $11.64B (100%).
| Product and Service | FY 2022 |
|---|---|
| Payout Annuities With Life Contingencies | $11.61B |
| Reconciling Items | $32.00M |
| Total | $11.64B |
Apollo Global Management brought in $11.64B from its two product and service lines in fiscal 2022, the year ended December 31, 2022. Payout Annuities With Life Contingencies was the largest at $11.61B (99.7%), ahead of Reconciling Items at $32.00M (0.3%).
Apollo Global Management (APO) reports its revenue by segment and by product and service. In fiscal 2025, Retirement Services was its largest segment, bringing in $27.05B (84.4% of the total), followed by Asset Management at $5.00B (15.6%).
Retirement Services was Apollo Global Management's largest segment in fiscal 2025, bringing in $27.05B, or 84.4% of the $32.05B total across its two segments.
Payout Annuities With Life Contingencies was Apollo Global Management's largest product and service line in fiscal 2022, bringing in $11.61B, or 99.7% of the $11.64B total across its two product and service lines.
Retirement Services grew faster than Asset Management in fiscal 2025, up 23.3% from $21.94B to $27.05B. Asset Management grew 19.7% to $5.00B.
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.