What does retirement services — U.S. foreign tax credit mean?

The amount of tax credits available to the retirement services segment to offset U.S. income tax liabilities due to taxes paid to foreign jurisdictions. This is a key factor in the segment's effective tax rate and overall tax efficiency.

Apollo Global Management APO Retirement Services — U.S. foreign tax credit

Other segment segments

Asset Management

-$156M-57.6%

Similar metrics at other companies

EQHRetirement — Income Tax Expense (Benefit), Adjusted

$54M-21.7%

AINForeign Tax Credit - Generation, Utilization, and Expiration

-1.7%—

AINForeign Tax Credit - Generation, Utilization, and Expiration

$256.25K—

MLKNIncome Tax Reconciliation Tax Credits Foreign

$3.23M+6.6%

YUMForeign Tax Jurisdiction, Other — Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount

$37.25M—

HNIIncome Tax Reconciliation Tax Credits Foreign

$500K—

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 us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsForeign.

The official record: Apollo Global Management’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apollo Global Management's retirement services — U.S. foreign tax credit?: Apollo Global Management (APO) reported retirement services — U.S. foreign tax credit of $1.71B in Q4 2025.
What does retirement services — U.S. foreign tax credit mean?: The amount of tax credits available to the retirement services segment to offset U.S. income tax liabilities due to taxes paid to foreign jurisdictions. This is a key factor in the segment's effective tax rate and overall tax efficiency.