APO at a glance
Apollo Global Management (APO, SEC CIK 1858681) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as September 14, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Apollo Global Management (APO) reported revenue of $32.0 billion (up 22.7% from FY2024) and net income of $3.5 billion. Diluted EPS was $5.54.
- As of June 30, 2026, 44 institutional investment managers tracked by SignalX reported holding Apollo Global Management (APO) shares worth $21.4 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Kelly Martin on August 14, 2026 of 3,000 shares at $140.84 per share.
- In the last 90 days, APO insiders reported 0 open-market purchases ($0) and 1 open-market sale ($423K) on Form 4, a net sale of $423K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $32.0B
- +22.7% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$423K
- 13F holders
- 44 funds
- $21.4B · +1 vs prior quarter
- Latest 8-K
- Sep 21, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Management Discussion & Analysis
- Total revenues $32.0B in 2025, up $5.9B (+22.7% YoY) from $26.1B; Retirement Services drove bulk at $27.0B (+23.3%), Asset Management $5.0B (+19.7%)
- Effective tax rate 19.1% vs 14.3% in 2024; net income attributable to AGM $3.5B vs $4.6B (-23.7%); GAAP income before tax $6.7B vs $7.4B (-10.2%)
- Best segment: Asset Management FRE $2.5B (+22.5% YoY); Retirement Services SRE $3.4B (+4.2%); net investment spread compressed to 1.61% vs 1.78% (-17 bps) as cost of funds rose 40 bps to 3.69%
- Operating cash flow $7.2B vs $3.3B in 2024; investing outflows $64.0B driven by Athene portfolio growth; $18.3B unrestricted cash plus $5.1B available credit facilities at year-end
- Key risks: tariff uncertainty threatening stagflationary environment, trade policy overhang on GDP/corporate earnings, continued spread compression as cost of funds outpaces investment earned rate gains
Risk Factors
- ERISA class actions filed March 2024 against Athene pension group annuity customers; Athene not named but reputationally harmed, threatening PRT business inflows
- NAIC RBC reforms effective Jan 1 2025 may increase capital requirements for U.S. insurance subsidiaries via less favorable asset-backed securities classification under Schedule BA
- Significant single-issuer concentration risk in Athora, a European life insurer with volatile EU regulatory and economic exposure within retirement services portfolio
- AI Technologies disruption risk: competitors may outpace Apollo in adoption, while digital infrastructure asset valuations (significant strategy exposure) threatened by AI efficiency gains
- Key-person provisions in fund governing documents: failure of key personnel to devote requisite time triggers automatic investment period termination across multiple funds
Business Overview
- Global alternative asset manager + retirement services provider (Athene); three segments: Asset Management, Retirement Services, Principal Investing; AUM $938.4B as of Dec 31, 2025
- Completed acquisition of Bridge Investment Group (real estate fund manager, residential/industrial focus) in September 2025, adding 600 employees and expanding real estate equity to $47.9B AUM
- Vitera (rebranded Advantage Retirement Solutions) launched guaranteed lifetime income solution for defined contribution/401(k) target date funds, targeting new institutional buyer pool beyond traditional alternatives
- Origination volumes $309B for FY2025; perpetual capital $535.6B (~57% of total AUM), representing Apollo's core scalability advantage over traditional closed-end peers
- Athene's deployable capital $8.6B ($3.2B excess equity + $2.6B untapped leverage + $2.8B ACRA undrawn); insurance subsidiaries rated "A+" or "A1" across all four major rating agencies
AI summary of the APO 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly PII $16M, down $31M from $47M YoY
- Realized performance fees down $89M, primarily from Fund IX
- Principal investing compensation $123M vs $168M YoY
- Six-month operating cash flow $4.501B vs $2.274B; unrestricted cash $25.4B at June 30
- Near-term liquidity sufficient for at least 12 months; $5.6B available credit facilities
Risk Factors
- No material risk-factor changes disclosed; filing states risks described in the 2025 Annual Report remain applicable
- Regulatory risk: Additional unknown or currently immaterial risks could materially adversely affect business, financial condition, or operating results
- Financial risk: $4.0 billion share-repurchase authorization may reduce liquidity through opportunistic repurchases
- Compliance risk: Private share issuances relied on Regulation D or Securities Act Section 4(a)(2)
- Capital-markets risk: 5.700% senior notes due 2036 added in March 2026, increasing long-term debt obligations
AI summary of the APO 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Filing contains only Apollo Global Management’s signature certification dated September 21, 2026
- No substantive Regulation FD disclosure or investor-relevant operating information included in the provided text
Item 7.01: Regulation FD Disclosure
- No substantive Regulation FD disclosure included in the provided text
- Filing signed August 24, 2026 by Jessica L. Lomm, Vice President and Secretary
AI summaries of APO 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for APO
Don't miss the next APO filing
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- Fund moves. Which tracked funds opened, added or cut APO, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Belardi James Richard | G | Sep 10, 2026 | 38,605 | - |
| Kelly Martin | Sell | Aug 14, 2026 | 3,000 | $140.84 |
| Kelly Martin | G | Aug 14, 2026 | 1,534 | - |
| BLACK LEON D | J | Aug 7, 2026 | 1 | - |
| LDB 2014 LLC | J | Jul 29, 2026 | 3,000,000 | - |
| BIBLIOWICZ JESSICA M | A | Jul 1, 2026 | 1,589 | - |
| COHN GARY D | A | Jul 1, 2026 | 1,986 | - |
| Toomey Patrick | A | Jul 1, 2026 | 1,589 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $32.6B | $26.1B | $32.0B | |
| Net Income | $5.0B | $4.6B | $3.5B | |
| Net Margin | 15.5% | 17.5% | 10.9% | |
| Balance Sheet | ||||
| Total Assets | $313.5B | $377.9B | $460.9B | |
| Equity | $14.0B | $17.3B | $23.3B | |
| ROE | 35.9% | 26.5% | 15.0% | |
| Per Share | ||||
| EPS | $8.28 | $7.33 | $5.54 | |
| Cash Flow | ||||
| Operating CF | $6.3B | $3.3B | $7.2B | |
Source: XBRL data in Apollo Global Management (APO)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate APO share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 44 | $21.36B |
| Q1 2026 | 43 | $20.03B |
| Q4 2025 | 42 | $28.52B |
| Q3 2025 | 45 | $27.63B |
| Q2 2025 | 43 | $25.70B |
| Q1 2025 | 38 | $19.95B |
| Q4 2024 | 35 | $21.88B |
| Q3 2024 | 27 | $7.62B |
- Bank of America Corp+2.95M (+75%)
- FMR LLC (Fidelity)+2.24M (+10%)
- Millennium Management+1.15M (+17044%)
- Goldman Sachs Group+687.9K (+17%)
- Northern Trust+640.5K (+15%)
- JPMorgan Chase & Co−4.27M (-49%)
- BlackRock−1.32M (-4%)
- T. Rowe Price Group−990.8K (-29%)
- Tiger Global Management−570.2K (-17%)
- Vanguard Portfolio Management LLC−555.2K (-4%)
- Marex Group plc−479.1K
- Bridgewater Associates LP−4.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 317 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
APO filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 5, 2026 | - | - | - |
| 8-K | Sep 21, 2026 | - | Analysis | - |
| 4 | Sep 14, 2026 | - | - | - |
| 8-K | Aug 24, 2026 | - | Analysis | - |
| 4 | Aug 17, 2026 | - | - | - |
| SC 13D | Aug 14, 2026 | - | - | |
| 8-K | Aug 13, 2026 | - | Analysis | - |
| 8-K | Aug 12, 2026 | - | Analysis | - |
| 8-K | Aug 11, 2026 | - | Analysis | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 10, 2026 | - | - | |
| 8-K | Jun 9, 2026 | - | Analysis |
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APO SEC filings: frequently asked questions
Are APO insiders buying or selling?
In the last 90 days, Apollo Global Management (APO) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $422,535 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold APO stock?
As of June 30, 2026, the largest Apollo Global Management (APO) holders among the 13F filers tracked by SignalX were BlackRock ($3.9 billion), Vanguard Capital Management LLC ($3.3 billion), FMR LLC (Fidelity) ($2.9 billion), State Street Corp ($2.4 billion), Vanguard Portfolio Management LLC ($1.7 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was APO's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Apollo Global Management (APO) reported revenue of $32.0 billion (up 22.7% from FY2024) and net income of $3.5 billion. Diluted EPS was $5.54. The figures come from the XBRL data in the 10-K.
What are the main risks in APO's latest 10-K?
In the 10-K filed February 25, 2026, Apollo Global Management (APO) flagged: ERISA class actions filed March 2024 against Athene pension group annuity customers; Athene not named but reputationally harmed, threatening PRT business inflows. NAIC RBC reforms effective Jan 1 2025 may increase capital requirements for U.S. insurance subsidiaries via less favorable asset-backed securities classification under Schedule BA. (AI summary of the Risk Factors section.)
What did APO report in its latest 8-K?
Apollo Global Management (APO) filed an 8-K on September 21, 2026 reporting Item 7.01 (Regulation FD Disclosure). Filing contains only Apollo Global Management’s signature certification dated September 21, 2026.
What are the latest APO SEC filings?
Apollo Global Management (APO) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on September 14, 2026.
What is APO's SEC CIK number?
Apollo Global Management (APO)'s SEC Central Index Key (CIK) is 1858681. EDGAR lists every APO filing under that number.
Ask anything about APO
The research agent reads APO's filings, financials, insider trades and 13F holders, then answers with sources.