Invesaro

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

Apollo Global Management brought in $32B of revenue in fiscal 2025, Invesco $6.4B in fiscal 2025. Revenue changed by +22.7% at Apollo Global Management and +5.1% at Invesco on the year before, so Apollo Global Management grew faster. Apollo Global Management kept 10.9% of its revenue as net profit, Invesco -11.4%.

Side by side, latest fiscal year

APOIVZ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$32B$6.4B
Revenue growth+22.7%+5.1%
Net income$3.5B-$726.3M
Net margin10.9%-11.4%
Free cash flown/a$1.4B
Free cash flow marginn/a22.6%
Earnings per share (diluted)$5.54-$1.60
Cash$20.6B$1B
Debt$13.4B$1.8B
Price to earnings22.0n/a
Market value$71.9B$13.7B
Dividend yield1.64%2.70%
Rank by revenue in sector#17 of 444 · Finance#85 of 444 · Finance

Over the years

Revenue
APO FY2020: $2.4BAPO FY2022: $6BAPO FY2022: $11BAPO FY2023: $32.6BAPO FY2024: $26.1BAPO FY2025: $32BIVZ FY2018: $5.3BIVZ FY2019: $6.1BIVZ FY2020: $6.1BIVZ FY2021: $6.9BIVZ FY2022: $6BIVZ FY2023: $5.7BIVZ FY2024: $6.1BIVZ FY2025: $6.4BFY18FY19FY20FY21FY22FY23FY24FY25
APO $32BIVZ $6.4B
Net income
APO FY2020: $157MAPO FY2022: $1.8BAPO FY2022: -$2BAPO FY2023: $5BAPO FY2024: $4.6BAPO FY2025: $3.5BIVZ FY2018: $882.8MIVZ FY2019: $564.7MIVZ FY2020: $524.8MIVZ FY2021: $1.4BIVZ FY2022: $683.9MIVZ FY2023: -$333.7MIVZ FY2024: $538MIVZ FY2025: -$726.3MFY18FY19FY20FY21FY22FY23FY24FY25
APO $3.5BIVZ -$726.3M
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%IVZ FY2018: 16.6%IVZ FY2019: 9.2%IVZ FY2020: 8.5%IVZ FY2021: 20.2%IVZ FY2022: 11.3%IVZ FY2023: -5.8%IVZ FY2024: 8.9%IVZ FY2025: -11.4%FY18FY19FY20FY21FY22FY23FY24FY25
APO 10.9%IVZ -11.4%
Revenue growth
APO FY2022: +152.8%APO FY2022: +84.3%APO FY2023: +197.6%APO FY2024: -20.0%APO FY2025: +22.7%IVZ FY2019: +15.1%IVZ FY2020: +0.5%IVZ FY2021: +12.2%IVZ FY2022: -12.3%IVZ FY2023: -5.5%IVZ FY2024: +6.1%IVZ FY2025: +5.1%FY19FY20FY21FY22FY23FY24FY25
APO +22.7%IVZ +5.1%
Free cash flow
IVZ FY2018: $726.3MIVZ FY2019: $992.3MIVZ FY2020: $1.1BIVZ FY2021: $969.3MIVZ FY2022: $510.3MIVZ FY2023: $1.1BIVZ FY2024: $1.1BIVZ FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
APOIVZ $1.4B

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

Questions about Apollo Global Management and Invesco

Which is bigger by revenue, Apollo Global Management or Invesco?

Apollo Global Management is bigger by revenue: $32B in fiscal 2025, against $6.4B for Invesco in fiscal 2025.

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

Apollo Global Management had a net margin of 10.9% in fiscal 2025; Invesco had -11.4% in fiscal 2025.

Which grew revenue faster, Apollo Global Management or Invesco?

In their latest fiscal years revenue changed by +22.7% at Apollo Global Management and +5.1% at Invesco.

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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