Apollo Global Management, Inc. (APO) closed fiscal year 2025 with a gross margin of 86.2 % and a net margin of 10.9 %.
Apollo Global Management, Inc. (APO) closed fiscal year 2025 with a gross margin of 86.2 % and a net margin of 10.9 %. The same year shows an EBITDA margin of 26.5 % and an EBIT margin of 22.0 %. The free cash flow margin was 22.6 %. Against the previous year the gross margin moved −2.1 pp and the net margin −6.6 pp. Across the period the gross margin ranges between -13.6 % in 2022 and 88.3 % in 2024. The series covers 6 fiscal years, from 2020 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | -13.65 % | 55.78 % | 88.31 % | 86.17 % |
| EBITDA margin (%) | — | — | -31.87 % | 20.36 % | 33.89 % | 26.45 % |
| EBIT margin (%) | — | — | -36.70 % | 17.90 % | 29.77 % | 21.99 % |
| Net margin (%) | 6.67 % | 30.90 % | -17.88 % | 15.46 % | 17.53 % | 10.90 % |
| FCF margin (%) | — | — | 34.55 % | 19.37 % | 12.46 % | 22.61 % |
