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Apollo Global Management (APO) Cash Flow Waterfall

Trace Apollo Global Management's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$6.00B

Capex

$0.00

Free Cash Flow

$6.00B

FCF Margin

+100.0%

Cash flow waterfall for Apollo Global Management (APO) — TTM through Q1 2026

Free cash flow: $6.00B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Apollo Global Management (APO) — TTM through Q1 2026

  • Operating Cash Flow$6.00B
  • Capital Expenditure$0.00
  • Free Cash Flow$6.00B
  • Acquisitions$2.65B
  • Other Investing−$55.48B
  • Share Buybacks−$1.21B
  • Dividends Paid−$1.33B
  • Net Debt Change$4.83B
  • Other Financing & FX$52.78B
  • Net Cash Increase$8.23B
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology