Apollo Global Management Future Growth

Future criteria checks 3/6

Apollo Global Management's revenue is forecast to decline at 94.5% per annum while its annual earnings are expected to grow at 30.3% per year. EPS is expected to grow by 25% per annum. Return on equity is forecast to be 14.3% in 3 years.

Key information

30.3%

Earnings growth rate

25.04%

EPS growth rate

Diversified Financial earnings growth	8.2%
Revenue growth rate	-94.5%
Future return on equity	14.29%
Analyst coverage	Good
Last updated	25 May 2026

Recent future growth updates

Recent updates

Analysis Article • Jun 17

Earnings and Revenue Growth Forecasts

NYSE:APO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	6,279	5,707	N/A	N/A	6
12/31/2026	5,484	3,027	N/A	N/A	5
3/31/2026	31,287	1,155	7,854	7,854	N/A
12/31/2025	31,793	3,503	7,246	7,246	N/A
9/30/2025	27,217	4,064	2,573	2,573	N/A
6/30/2025	25,176	3,159	4,124	4,124	N/A
3/31/2025	24,387	3,672	4,195	4,195	N/A
12/31/2024	25,888	4,631	3,253	3,253	N/A
9/30/2024	31,671	5,560	5,321	5,321	N/A
6/30/2024	25,957	5,437	3,103	3,103	N/A
3/31/2024	33,663	5,217	5,321	5,321	N/A
12/31/2023	31,944	5,167	6,322	6,322	N/A
9/30/2023	25,756	2,818	5,723	5,723	N/A
6/30/2023	26,700	1,609	8,431	8,431	N/A
3/31/2023	15,284	-616	8,853	8,853	N/A
12/31/2022	10,844	-2,007	3,789	3,789	N/A
9/30/2022	7,195	-2,418	1,251	1,251	N/A
6/30/2022	5,290	-1,603	-49	-49	N/A
3/31/2022	4,383	671	-2,700	-2,700	N/A
12/31/2021	5,813	1,730	1,064	1,064	N/A
9/30/2021	5,913	1,933	-1,006	-994	N/A
6/30/2021	5,853	1,945	-1,483	-1,461	N/A
3/31/2021	5,981	1,746	-2,754	-2,713	N/A
12/31/2020	2,221	101	-1,616	-1,616	N/A
9/30/2020	1,846	-169	1,693	1,762	N/A
6/30/2020	1,537	-84	1,502	1,569	N/A
3/31/2020	674	-361	1,605	1,658	N/A
12/31/2019	2,833	771	N/A	1,083	N/A
9/30/2019	1,817	419	N/A	878	N/A
6/30/2019	1,644	236	N/A	870	N/A
3/31/2019	1,539	142	N/A	1,065	N/A
12/31/2018	1,034	-60	N/A	814	N/A
9/30/2018	2,079	319	N/A	960	N/A
6/30/2018	2,275	357	N/A	835	N/A
3/31/2018	2,203	387	N/A	678	N/A
12/31/2017	2,719	595	N/A	860	N/A
9/30/2017	2,476	577	N/A	712	N/A
6/30/2017	2,269	477	N/A	733	N/A
3/31/2017	2,483	560	N/A	715	N/A
12/31/2016	2,030	388	N/A	600	N/A
9/30/2016	1,441	230	N/A	590	N/A
6/30/2016	1,135	174	N/A	574	N/A
3/31/2016	829	59	N/A	605	N/A
12/31/2015	1,012	106	N/A	583	N/A
9/30/2015	1,094	110	N/A	481	N/A
6/30/2015	1,122	66	N/A	-1,000	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: APO's forecast earnings growth (30.3% per year) is above the savings rate (3.5%).

Earnings vs Market: APO's earnings (30.3% per year) are forecast to grow faster than the US market (18.9% per year).

High Growth Earnings: APO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APO's revenue is expected to decline over the next 3 years (-94.5% per year).

High Growth Revenue: APO's revenue is forecast to decline over the next 3 years (-94.5% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: APO's Return on Equity is forecast to be low in 3 years time (14.3%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/23 21:36
End of Day Share Price	2026/06/23 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Apollo Global Management, Inc. is covered by 28 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
Roger Freeman	Barclays
Benjamin Budish	Barclays

Apollo Global Management Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 8.0% to US$150

Consensus EPS estimates increase by 12%

Consensus EPS estimates increase by 15%

Price target decreased by 7.6% to US$140

Consensus EPS estimates increase by 19%

Consensus EPS estimates fall by 27%

Recent updates

Apollo Global Management (APO) Stock Looks Rich After Austin Headquarters Move

Apollo Global: Temporary SRE Headwinds Mask Long-Term Earnings Growth

Apollo Global Eyes US$12b Healthcare Deal as Private Credit Funds Face Ongoing Pressure

Apollo Global Management, Inc. Announces Executive Appointments

Apollo Global Management Sees Raised Price Target on Record Earnings and Major Acquisition

Alpine Management Services III, LLC and Apollo Global Management, Inc. (NYSE:APO) agreed to acquire an unknown minority stake in Apex Service Partners, LLC.

Co-President of Apollo Asset Management recently sold US$6.4m worth of stock

Funds managed by Apollo Management X, L.P. and Apollo Global Management, Inc. (NYSE:APO) proposed to acquire Bodycote plc (LSE:BOY) from a group of shareholders for £1.5 billion.

Apollo Global Management, Inc. (NYSE:APO) entered into an Agreement and Plan of Merger to acquire Emerald Holding, Inc. (NYSE:EEX) from a group of shareholders for $1 billion.

Price target increased by 8.0% to US$150

First quarter dividend increased to US$0.56

Apollo Global Management, Inc. announces Quarterly dividend, payable on May 29, 2026

First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind

Long Lake Management Holdings Inc. entered into a definitive agreement to acquire Global Business Travel Group, Inc. (NYSE:GBTG) from a group of shareholders for $5.1 billion.

Apollo Global Management, Inc. (NYSE:APO) agreed to acquire Interiors Business Group of Forvia SE from Forvia SE (ENXTPA:FRVIA) for an enterprise value of €1.8 billion.

Apollo Global Management, Inc. (NYSE:APO) agreed to acquire 40% stake in Pembina Gas Infrastructure Inc. from KKR & Co. Inc. (NYSE:KKR).

Consensus EPS estimates increase by 12%

Apollo Global Management, Inc. (NYSE:APO) entered into a definitive agreement to acquire 13% stake in McKesson Medical-Surgical Inc. from McKesson Corporation (NYSE:MCK) for $1.3 billion.

Investor sentiment improves as stock rises 20%

Consensus EPS estimates increase by 15%

Price target decreased by 7.6% to US$140

Consensus EPS estimates increase by 19%

Apollo Global Management, Inc. to Report Q1, 2026 Results on May 06, 2026

Apollo Reportedly Nears $10 Billion Deal for Atlantic Aviation with GIC

Bank of Queensland Ltd Reportedly Narrows $3.8 Billion Equipment Finance Portfolio Sale to Apollo Global Management

Apollo Global Management, Inc. Announces Passing of Independent Director David Simon

Apollo Global Management, Inc. (NYSE:APO) agreed to acquire 37% stake in Syntegon Technology GmbH from CVC Capital Partners VII, LP, managed by CVC Capital Partners plc (ENXTAM:CVC).

Alchelyst Limited completed the acquistion of Lyra Client Solutions US, LLC from Motive Capital Management, LLC and Apollo Global Management, Inc. (NYSE:APO).

Apollo Global Management Inc Launches CG Apollo Global Diversified Credit LTAF In The UK

Apollo Global Management, Inc., Annual General Meeting, Jun 08, 2026

Rosen Law Firm Files Securities Class Action Lawsuit Against Apollo Global Management, Inc

Endurance Specialty Insurance Ltd. completed the acquisition of Aspen Insurance Holdings Limited (NYSE:AHL) from Apollo Global Management, Inc. (NYSE:APO) and others.

Co-Founder exercised options to buy US$14m worth of stock.

Full year 2025 earnings: EPS and revenues exceed analyst expectations

Fourth quarter dividend of US$0.51 announced

Apollo Global Management, Inc. Announces Executive and Management Changes

Anheuser-Busch InBev SA/NV (ENXTBR:ABI) acquired remaining 49.90% stake in US-based Metal Container Plants of Anheuser-Busch InBev from a consortium of institutional investors led and/or advised by affiliates of Apollo Global Management, Inc. (NYSE:APO) for approximately $2.9 billion.

Mediawan US agreed to acquire North Road Company, LLC.

TBS Holdings,Inc. (TSE:9401) acquired an unknown minority stake in Legend Pictures, LLC from Apollo Global Management, Inc. (NYSE:APO) and Legendary’s leadership.

An unknown funds managed by Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of an unknown majority stake in Kelvion Holding GmbH from the Triton Fund IV managed by Triton.

Anheuser-Busch InBev SA/NV (ENXTBR:ABI) agreed to acquire 49.90% stake in US-based Metal Container Plants of Anheuser-Busch InBev from a consortium of institutional investors led and/or advised by affiliates of Apollo Global Management, Inc. (NYSE:APO) for approximately $3.0 billion.

Apollo Global Management, Inc. to Report Q4, 2025 Results on Feb 09, 2026

Apollo Global Management, Inc. (NYSE:APO) agreed to acquire an unknown majority stake in Prosol Gestion SA from Ardian SAS.

Partner & Chief Legal Officer recently sold US$1.2m worth of stock

Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) and Mubadala Investment Company PJSC acquired European Direct Lending portfolio of Apollo Global Management, Inc. (NYSE:APO).

Arugn Technologies Private Limited completed the acquisition of unknown minority stake in Planetcast Media Services Limited from a fund managed by Apollo Global Management, Inc. (NYSE:APO).

Third quarter 2025 earnings: EPS and revenues exceed analyst expectations

Third quarter dividend of US$0.51 announced

Apollo Global Management, Inc. Declares Cash Dividend for the Third Quarter Ended September 30, 2025, Payable on November 28, 2025

Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of an unknown majority stake in Trace3, LLC from American Securities LLC.

S&P 500 Inclusion And Global Renaissance Will Drive Opportunity

Apollo Reportedly Explores Sale of Heritage Grocers Group

Apollo Global Management, Inc. Announces Board and Management Changes

Apollo Global Management, Inc. Announces Management Change

Paramount Skydance Reportedly Talking to Apollo, Buyout Firms to Join Possible $60 Billion Warner Bros. Discovery Bid

Apollo Global Management, Inc. (NYSE:APO) agreed to acquire Eagle Creek Renewable Energy, LLC from Ontario Power Generation Inc.

Apollo Global Management, Inc. to Report Q3, 2025 Results on Nov 04, 2025

Apollo Global Management, Inc. Announces That Jaycee Pribulsky Has Been Named Partner and Chief Sustainability Officer (Cso), Effective October 1

Apollo Sports Capital Announces Executive Appointments

Apollo Expands Wealth Platform with Three Evergreen ELTIF , Unlocking Broader Access to Private Markets

Apollo Global Management Reportedly Emerges as Leading Contender to Acquire Bank of Queensland's $3.8 Billion Equipment Finance Loan Portfolio

Rockpoint Group, L.L.C. and Newbond Holdings acquired The Westin Tampa Waterside from Apollo Global Management, Inc. (NYSE:APO) for $95 million.

Insider recently sold US$123m worth of stock

Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of 68.3% stake in Bridge Investment Group Holdings LLC.

Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of Bridge Investment Group Holdings Inc. (NYSE:BRDG).

New minor risk - Insider selling

CFO & Partner recently sold US$2.2m worth of stock

An unknown funds managed by Apollo Global Management, Inc. (NYSE:APO) agreed to acquire an unknown majority stake in Kelvion Holding GmbH from the Triton Fund IV managed by Triton for an estimated deal value of €2.0 billion.

Apollo Global Management, Inc. (NYSE:APO) agreed to acquire unknown majority stake in Trace3, LLC from American Securities LLC.