Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 74

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 74
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 to Apollo Global Management, Inc. common stockholders to Segment Income and Adjusted Net Income:

Three months ended September 30,Nine months ended September 30,(In millions)2025202420252024GAAP Net Income (Loss) Attributable to Apollo Global Management, Inc.$1,712 $787 $2,735 $3,018 Preferred dividends24 24 73 73 Net income (loss) attributable to non-controlling interests725 958 1,433 1,620 GAAP Net Income (Loss)$2,461 $1,769 $4,241 $4,711 Income tax provision (benefit)438 317 684 1,000 GAAP Income (Loss) Before Income Tax Provision (Benefit)$2,899 $2,086 $4,925 $5,711 Asset Management Adjustments:Equity-based profit sharing expense13541103180Equity-based compensation11272313230Net (income) loss attributable to non-controlling interests in consolidated entities(783)(975)(1,598)$(1,675)Unrealized performance fees(207)141 (298)(213)Unrealized profit sharing expense36 (65)98 129HoldCo interest and other financing costs233 21 103 $51 Unrealized principal investment (income) loss4 (4)(5)(14)Unrealized net (gains) losses from investment activities(54)(13)300 (9)Transaction-related costs, restructuring and other non-operating expenses386 60 432 178 Retirement Services Adjustments:Investment (gains) losses, net of offsets(463)(628)(105)(482)Non-operating change in insurance liabilities and related derivatives4(174)513 44 (363)Integration, restructuring and other non-operating expenses36 204 98 265 Equity-based compensation13 12 35 36 Segment Income1,573 1,465 4,445 4,024 HoldCo interest and other financing costs2(33)(21)(103)(51)Taxes and related payables(183)(312)(687)(768)Adjusted Net Income$1,357 $1,132 $3,655 $3,205 1 Equity-based profit sharing expense includes stock-based grants that are tied to realized performance within the Principal Investing segment.2