Apollo Global Management annual net debt
2021
2022
2023
2024
2025
Apollo Global Management Net Debt Growth & History (APO)
Apollo Global Management's net debt was −$7.23B for fiscal 2025.
View full Apollo Global Management company overviewApollo Global Management annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$7.23B | −$703.0M | — |
| 2024 | 2024-12-31 | −$6.52B | $3.08B | — |
| 2023 | 2023-12-31 | −$9.60B | −$7.09B | — |
| 2022 | 2022-12-31 | −$2.51B | −$4.72B | — |
| 2021 | 2021-12-31 | $2.22B | — | — |
Apollo Global Management quarterly net debt
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$14.69B | −$11.86B | — |
| Q1 2026 | 2026-03-31 | −$9.53B | −$4.60B | — |
| Q4 2025 | 2025-12-31 | −$7.23B | −$703.0M | — |
| Q3 2025 | 2025-09-30 | −$8.57B | −$750.0M | — |
| Q2 2025 | 2025-06-30 | −$2.83B | $5.34B | — |
| Q1 2025 | 2025-03-31 | −$4.93B | $5.19B | — |
| Q4 2024 | 2024-12-31 | −$6.52B | $3.08B | — |
| Q3 2024 | 2024-09-30 | −$7.82B | −$419.0M | — |
| Q2 2024 | 2024-06-30 | −$8.17B | −$2.55B | — |
| Q1 2024 | 2024-03-31 | −$10.12B | — | — |
| Q4 2023 | 2023-12-31 | −$9.60B | −$7.09B | — |
| Q3 2023 | 2023-09-30 | −$7.40B | −$2.54B | — |
| Q2 2023 | 2023-06-30 | −$5.62B | $1.01B | — |
| Q4 2022 | 2022-12-31 | −$2.51B | −$4.72B | — |
| Q3 2022 | 2022-09-30 | −$4.86B | — | — |
| Q2 2022 | 2022-06-30 | −$6.63B | — | — |
| Q1 2022 | 2022-03-31 | −$3.67B | — | — |
| Q4 2021 | 2021-12-31 | $2.22B | — | — |
Apollo Global Management net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, Apollo Global Management's net debt decreased from $2.22B to −$7.23B, a change of −$9.44B. The latest reported quarter, Q2 2026, shows −$14.69B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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