---
schema_version: "secwatch.filing_event.v1"
accession: "0001858681-24-000029"
form_type: "8-K"
ticker: "APO"
cik: "0001858681"
company_name: "Apollo Global Management, Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:01:29.624561+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Apollo revises Q4 2023 GAAP net income down $129M on Bermuda tax adjustment

## Summary
- Deferred tax asset estimate reduced from $1.9B to $1.8B due to Bermuda Corporate Income Tax 2023.
- Q4 2023 GAAP net income revised to $2,732M (from $2,861M); full-year revised to $5,001M (from $5,130M).
- Income tax benefit for Q4 revised to $1,620M (from $1,749M); full-year to $923M (from $1,052M).
- No changes to Adjusted Net Income, Fee Related Earnings, Spread Related Earnings, or Principal Investing Income.
- Adjustment stems from a change in estimate after completing review of Bermuda Corporate Income Tax impact.

## SEC filing metadata
- accession: 0001858681-24-000029
- form_type: 8-K
- ticker: APO
- cik: 0001858681
- company_name: Apollo Global Management, Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1858681/000185868124000029/0001858681-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1858681/000185868124000029/apo-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001858681-24-000029
- JSON: https://secwatch.observer/filing/0001858681-24-000029.json
- Plain text: https://secwatch.observer/filing/0001858681-24-000029.txt

## Key facts
- Earnings Releases
  Apollo Global Management, Inc. reported fourth quarter and full year ended December 31, 2023 results: net income net income attributable to Apollo Global Management, Inc. common stockholders for the fourth quarter and year ended Dece.
  - Period: fourth quarter and full year ended December 31, 2023
  - Net income: net income attributable to Apollo Global Management, Inc. common stockholders for the fourth quarter and year ended Dece
  - Result: reported results
  source text: On February 8, 2024, Apollo Global Management, Inc. (“Apollo”) furnished, on a Current Report on Form 8-K, a detailed earnings presentation announcing its financial results for the fourth quarter and full year ended December 31, 2023 (the “Original Presentation”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1858681/000185868124000029/0001858681-24-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.