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Apollo Global Management APO Retirement Services — Revenues of consolidated variable interest entities

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Other financials

Income statement

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Revenue$5.1B-8.8%
Net income-$1.9B-531%
EPS (diluted)-$3.27-581%

Balance sheet

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Cash & equivalents$23.7B+53.1%
Total debt$14.2B+34.4%
Total equity$20.0B+11.0%
Total assets$467.53B+18.3%

Cash flow

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Operating cash flow$1.6B+60.1%

Valuation

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Market cap$69.33B-16.5%
Enterprise value$59.8B-25.5%
P/E60.6×+35.9×
P/S2.2×-1.1×

Profitability

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Net margin3.6%-11.0pp

Returns & leverage

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Return on equity6%-15.9pp
Debt / equity0.7×+0.1×

Where this comes from

Reported directly by Apollo Global Management in its filing.

Tagged under the XBRL concept apo:NetInvestmentIncomeAndGainLossOnInvestments.

The official record: Apollo Global Management’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apollo Global Management's retirement services — revenues of consolidated variable interest entities?
Apollo Global Management (APO) reported retirement services — revenues of consolidated variable interest entities of $485M in Q1 2026.
How has Apollo Global Management's retirement services — revenues of consolidated variable interest entities changed year-over-year?
Apollo Global Management's retirement services — revenues of consolidated variable interest entities decreased by 18.1% year-over-year, from $592M to $485M.
What is the long-term trend for Apollo Global Management's retirement services — revenues of consolidated variable interest entities?
Over 3 years (2022 to 2025), Apollo Global Management's retirement services — revenues of consolidated variable interest entities has grown at a 77.7% compound annual growth rate (CAGR), from $440M to $2.47B.
What does retirement services — revenues of consolidated variable interest entities mean?
Represents the gross revenue generated by variable interest entities (VIEs) that are consolidated into the retirement services segment's financial statements. This metric reflects the activity of investment vehicles where the company holds a controlling financial interest despite limited equity ownership. It is a key indicator of the scale of assets managed through structured investment vehicles.