Apollo Global Management, Inc. (APO) Revenue by Segment

Apollo Global Management revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Apollo Global Management's largest business segment was Retirement Services, with $9.53 billion or 85% of revenue, up 66.9% from a year earlier. Next: Asset Management (15%).

By product or service, Payout Annuities With Life Contingencies brought in 55%, Whole Life Insurance brought in 42% and Reconciling Items brought in 3% of revenue in Q1 fiscal 2026.

The fastest-growing business segment from a year earlier was Retirement Services (+66.9%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2021.

Apollo Global Management, Inc.

APOFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Retirement ServicesAsset Management

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Retirement Services	USD 9.53B	85.4%	+66.9%
Asset Management	USD 1.63B	14.6%	+47.0%

Sum of items USD 11.15B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21
Retirement Services	9.5B	4.0B	8.5B	8.3B	5.7B	4.5B	4.1B	6.9B	5.0B	6.0B	10.3B	1.7B	12.9B	4.3B	4.0B	2.5B	2.0B	- 247.0M	–	–	–	–
Asset Management	1.6B	1.0B	1.4B	1.5B	1.1B	1.0B	1.2B	922.0M	1.1B	1.0B	756.0M	929.0M	786.0M	1.0B	891.0M	477.0M	292.0M	1.1B	1.2B	1.1B	1.4B	2.3B

Apollo Global Management revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Retirement Services	$9.5B	$4.0B	$8.3B	$5.7B	85%
Asset Management	$1.6B	$1.0B	$1.5B	$1.1B	15%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Apollo Global Management revenue by product or service, last 4 quarters

Product or service	Q1 FY26	Q1 FY25	Q1 FY24	Q1 FY23	Share
Payout Annuities With Life Contingencies	$119.0M	$70.0M	$38.0M	$88.0M	55%
Whole Life Insurance	$91.0M	$51.0M	$55.0M	–	42%
Reconciling Items	$7.0M	$6.0M	$8.0M	$8.0M	3%

In USD, fiscal quarters as reported; share = part of Q1 FY26 revenue.

Questions and answers

What are Apollo Global Management's business segments?

Retirement Services and Asset Management (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Apollo Global Management?

Retirement Services: $9.53 billion, or 85% of revenue, in Q2 fiscal 2026.

What are Apollo Global Management's main products and services?

By revenue in Q1 fiscal 2026: Payout Annuities With Life Contingencies (55%), Whole Life Insurance (42%) and Reconciling Items (3%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.