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Apollo Global Management balance sheet

At the end of fiscal 2025, Apollo Global Management had total assets of $460.95bn, total liabilities of $418.43bn and shareholders' equity of $23.34bn. It held $20.59bn in cash against $13.36bn of debt: net cash of $7.23bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents1.60.99.017.717.120.628.4
Goodwill—0.14.34.34.35.9—
Total assets—30.5257.2313.5377.9460.9494.0
Long-term debt—3.16.58.110.613.413.7
Total debt0.03.16.58.110.613.413.7
Total liabilities—18.5241.8288.2346.9418.4452.6
Shareholders' equity5.53.86.614.017.323.321.0
Non-controlling interests and other (assets − liabilities − equity)—8.28.811.213.719.220.5
Net debt (negative = net cash)−1.62.2−2.5−9.6−6.5−7.2−14.7
Shares outstanding——570m568m566m579m576m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Apollo Global Management's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Apollo Global Management.