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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Premiums     $ 387 $ 234
Total Revenues $ 11,153 $ 6,814 16,212 12,362
Expenses        
Total Expenses 8,741 5,718 13,420 10,060
Other income (loss) – Asset Management        
Income (loss) before income tax (provision) benefit 2,485 845 2,768 2,026
Income tax (provision) benefit (396) (3) (2,090) (246)
Net income (loss) 2,089 842 678 1,780
Net (income) loss attributable to non-controlling interests (728) (212) (1,223) (708)
Net income (loss) attributable to Apollo Global Management, Inc. 1,361 630 (545) 1,072
Preferred stock dividends (25) (25) (49) (49)
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, basic 1,336 605 (594) 1,023
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, diluted $ 1,336 $ 605 $ (594) $ 1,023
Earnings (loss) per share        
Net income (loss) attributable to common stockholders – Basic (in dollars per share) $ 2.18 $ 1.00 $ (1.06) $ 1.68
Net income (loss) attributable to common stockholders – Diluted (in dollars per share) $ 2.15 $ 0.99 $ (1.06) $ 1.67
Weighted average shares outstanding        
Weighted average shares outstanding – Basic (in shares) 591,759,612 586,672,682 593,298,193 586,964,167
Weighted average shares outstanding – Diluted (in shares) 610,221,778 590,371,367 593,298,193 591,677,049
Management fees        
Revenues        
Revenues $ 749 $ 583 $ 1,445 $ 1,091
Advisory and transaction fees, net        
Revenues        
Revenues 418 277 724 472
Incentive fees        
Revenues        
Revenues 59 58 123 98
Asset Management        
Revenues        
Investment income (loss) 379 189 302 492
Property management, development and other fees 22 0 44 0
Total Revenues 1,627 1,107 2,638 2,153
Expenses        
Compensation and benefits 927 602 1,638 1,347
Interest expense 88 60 165 120
General, administrative and other 479 370 918 678
Total Expenses 1,494 1,032 2,721 2,145
Other income (loss) – Asset Management        
Net gains (losses) from investment activities 63 (268) (49) (286)
Net gains (losses) from investment activities of consolidated variable interest entities (7) 4 (22) 215
Other income (loss), net 17 13 47 (205)
Total Other income (loss) 73 (251) (24) (276)
Retirement Services        
Revenues        
Investment income (loss) 5,350 4,776 10,489 9,117
Premiums 170 107 387 234
Product charges 299 274 580 539
Investment related gains (losses) 2,989 (5) 911 (833)
Revenues of consolidated variable interest entities 714 550 1,199 1,142
Other revenues 4 5 8 10
Total Revenues 9,526 5,707 13,574 10,209
Expenses        
Interest sensitive contract benefits 5,714 3,428 7,305 4,922
Future policy and other policy benefits 594 527 1,233 1,068
Market risk benefits remeasurement (gains) losses (24) (111) 235 274
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired 350 292 687 559
Policy and other operating expenses 613 550 1,239 1,092
Total Expenses $ 7,247 $ 4,686 $ 10,699 $ 7,915