v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Premiums $ 217 $ 127
Total Revenues 5,059 5,548
Expenses    
Total Expenses 4,679 4,342
Other income (loss) – Asset Management    
Income (loss) before income tax (provision) benefit 283 1,181
Income tax (provision) benefit (1,694) (243)
Net income (loss) (1,411) 938
Net (income) loss attributable to non-controlling interests (495) (496)
Net income (loss) attributable to Apollo Global Management, Inc. (1,906) 442
Preferred stock dividends (24) (24)
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, basic (1,930) 418
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, diluted $ (1,930) $ 418
Earnings (loss) per share    
Net income (loss) attributable to common stockholders – Basic (in dollars per share) $ (3.27) $ 0.68
Net income (loss) attributable to common stockholders – Diluted (in dollars per share) $ (3.27) $ 0.68
Weighted average shares outstanding    
Weighted average shares outstanding – Basic (in shares) 594,853,870 587,258,883
Weighted average shares outstanding – Diluted (in shares) 594,853,870 592,984,841
Management fees    
Revenues    
Revenues $ 696 $ 508
Advisory and transaction fees, net    
Revenues    
Revenues 306 195
Incentive fees    
Revenues    
Revenues 64 40
Asset Management    
Revenues    
Investment income (loss) (77) 303
Property management, development and other fees 22 0
Total Revenues 1,011 1,046
Expenses    
Compensation and benefits 711 745
Interest expense 77 60
General, administrative and other 439 308
Total Expenses 1,227 1,113
Other income (loss) – Asset Management    
Net gains (losses) from investment activities (112) (18)
Net gains (losses) from investment activities of consolidated variable interest entities (15) 211
Other income (loss), net 30 (218)
Total Other income (loss) (97) (25)
Retirement Services    
Revenues    
Investment income (loss) 5,139 4,341
Premiums 217 127
Product charges 281 265
Investment related gains (losses) (2,078) (828)
Revenues of consolidated variable interest entities 485 592
Other revenues 4 5
Total Revenues 4,048 4,502
Expenses    
Interest sensitive contract benefits 1,591 1,494
Future policy and other policy benefits 639 541
Market risk benefits remeasurement (gains) losses 259 385
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired 337 267
Policy and other operating expenses 626 542
Total Expenses $ 3,452 $ 3,229