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Apollo Global Management vs Franklin Resources: revenue, profit, margins and growth compared

Apollo Global Management brought in $32B of revenue in fiscal 2025, Franklin Resources $8.8B in fiscal 2025. Revenue changed by +22.7% at Apollo Global Management and +3.5% at Franklin Resources on the year before, so Apollo Global Management grew faster. Apollo Global Management kept 10.9% of its revenue as net profit, Franklin Resources 6.0%.

Side by side, latest fiscal year

APOBEN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$32B$8.8B
Revenue growth+22.7%+3.5%
Net income$3.5B$524.9M
Net margin10.9%6.0%
Free cash flown/a$911.6M
Free cash flow marginn/a10.4%
Earnings per share (diluted)$5.54$0.91
Cash$20.6B$3.6B
Debt$13.4B$2.4B
Price to earnings22.036.3
Market value$71.9B$16.8B
Dividend yield1.64%3.88%
Rank by revenue in sector#17 of 444 · Finance#64 of 444 · Finance

Over the years

Revenue
APO FY2020: $2.4BAPO FY2022: $6BAPO FY2022: $11BAPO FY2023: $32.6BAPO FY2024: $26.1BAPO FY2025: $32BBEN FY2018: $6.3BBEN FY2019: $5.8BBEN FY2020: $5.6BBEN FY2021: $8.4BBEN FY2022: $8.3BBEN FY2023: $7.8BBEN FY2024: $8.5BBEN FY2025: $8.8BFY18FY19FY20FY21FY22FY23FY24FY25
APO $32BBEN $8.8B
Net income
APO FY2020: $157MAPO FY2022: $1.8BAPO FY2022: -$2BAPO FY2023: $5BAPO FY2024: $4.6BAPO FY2025: $3.5BBEN FY2018: $764.4MBEN FY2019: $1.2BBEN FY2020: $798.9MBEN FY2021: $1.8BBEN FY2022: $1.3BBEN FY2023: $882.8MBEN FY2024: $464.8MBEN FY2025: $524.9MFY18FY19FY20FY21FY22FY23FY24FY25
APO $3.5BBEN $524.9M
Net margin
APO FY2020: 6.7%APO FY2022: 30.9%APO FY2022: -17.9%APO FY2023: 15.5%APO FY2024: 17.5%APO FY2025: 10.9%BEN FY2018: 12.1%BEN FY2019: 20.7%BEN FY2020: 14.4%BEN FY2021: 21.7%BEN FY2022: 15.6%BEN FY2023: 11.2%BEN FY2024: 5.5%BEN FY2025: 6.0%FY18FY19FY20FY21FY22FY23FY24FY25
APO 10.9%BEN 6.0%
Revenue growth
APO FY2022: +152.8%APO FY2022: +84.3%APO FY2023: +197.6%APO FY2024: -20.0%APO FY2025: +22.7%BEN FY2019: -8.6%BEN FY2020: -3.6%BEN FY2021: +51.4%BEN FY2022: -1.8%BEN FY2023: -5.1%BEN FY2024: +8.0%BEN FY2025: +3.5%FY19FY20FY21FY22FY23FY24FY25
APO +22.7%BEN +3.5%
Free cash flow
BEN FY2018: $2.1BBEN FY2019: $34.8MBEN FY2020: $979.6MBEN FY2021: $1.2BBEN FY2022: $1.9BBEN FY2023: $940.4MBEN FY2024: $794.2MBEN FY2025: $911.6MFY18FY19FY20FY21FY22FY23FY24FY25
APOBEN $911.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Apollo Global Management and Franklin Resources

Which is bigger by revenue, Apollo Global Management or Franklin Resources?

Apollo Global Management is bigger by revenue: $32B in fiscal 2025, against $8.8B for Franklin Resources in fiscal 2025.

Which keeps more of its revenue as profit, Apollo Global Management or Franklin Resources?

Apollo Global Management had a net margin of 10.9% in fiscal 2025; Franklin Resources had 6.0% in fiscal 2025.

Which grew revenue faster, Apollo Global Management or Franklin Resources?

In their latest fiscal years revenue changed by +22.7% at Apollo Global Management and +3.5% at Franklin Resources.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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