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Apollo Global Management vs KKR: APO and KKR compared
Apollo Global Management is the larger company: $4.7B of revenue in its latest quarter (Q3 2026) against $4.6B for KKR (Q3 2026). KKR is growing faster (-17% against -52% a year earlier). KKR is more profitable, with an operating margin of 33.1% against -30.9%.
Where the money goes: APO and KKR
Apollo Global Management (APO) · Q3 2026
Apollo Global Management, Q3 2026: revenue $4.7B (-52% year over year), operating margin -30.9%, net loss $1.1B, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
KKR (KKR) · Q3 2026
KKR, Q3 2026: revenue $4.6B (-17% year over year), operating margin 33.1%, net earnings $1.2B, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Apollo Global Management (APO) | KKR (KKR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.7B | $4.6B |
| Revenue growth, Y/Y | -52% | -17% |
| Operating margin | -30.9% | 33.1% |
| Net earnings | −$1.1B | $1.2B |
| Net margin | -23.7% | 25.5% |
| Operating cash flow | $136M | $2.1B |
| Free cash flow | — | $2.1B |
| Market value | $70.7B | $88.2B |
| P/E | — | 16.0× |
| Analysts’ mean target | $146.25 | $120.57 |
Where the revenue comes from
Apollo Global Management
- Retirement Services: $3.5B (73%)
- Asset Management: $1.3B (27%)
KKR
- Insurance: $2.8B (61%)
- Asset Management and Strategic Holdings: $1.8B (39%)
Questions
Which is bigger, Apollo Global Management or KKR?
Apollo Global Management is the larger company: $4.7B of revenue in its latest quarter (Q3 2026) against $4.6B for KKR (Q3 2026).
Is Apollo Global Management or KKR growing faster?
KKR is growing faster (-17% against -52% a year earlier).
Which is more profitable, Apollo Global Management or KKR?
KKR is more profitable, with an operating margin of 33.1% against -30.9%.
More: Apollo Global Management earnings · how Apollo Global Management makes money · KKR earnings · how KKR makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.