Apollo Global Management, Inc. [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Sep-30-22	Jun-30-22	Mar-31-22	Sep-30-21	Jun-30-21	Mar-31-21
	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q
Revenues:
Retirement Services	12,916	4,265	2,502	1,994
Asset Management	793	742	477	637	583	558	1,383	2,295
Adjustments	232	216	192	181	182
Other		78			97	520
Total revenues	13,702	5,301	2,979	2,286	862	1,078	1,383	2,295
Revenue growth [+]	499.4%	515.0%	176.3%	65.3%	-62.4%
Retirement Services	547.7%
Asset Management	24.5%	27.3%	-14.5%	-53.9%	-74.6%
Adjustments	28.2%	18.7%
Cost of goods sold	0	0	0	0	0	0	0	0
Gross profit	13,702	5,301	2,979	2,286	862	1,078	1,383	2,295
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative	12,831	3,574	4,435	5,453	2,784	648	747	1,022
Other operating expenses	196	-328	710	321	-71
EBITDA [+]	855	2,220	-2,004	-3,367	-1,745	437	643	1,279
EBITDA growth	-125.4%	-227.2%	-558.6%	-623.6%	-236.4%
EBITDA margin	6.2%	41.9%	-67.3%	-147.3%	-202.4%	40.5%	46.5%	55.7%
Depreciation and amortization	180	165	162	121	106	7	7	6
EBIT [+]	675	2,055	-2,166	-3,488	-1,851	430	636	1,273
EBIT growth	-119.4%	-211.0%	-603.7%	-648.4%	-245.4%
EBIT margin	4.9%	38.8%	-72.7%	-152.6%	-214.7%	39.9%	46.0%	55.5%
Interest income, net [+]		474			478			1,504
Interest expense	62	61	55	54	56	35	35	35
Interest income		474			478			1,504
Other income (expense), net [+]	338	-677	862	555	-115	337	1,098	-1,020
Other non-operating gains/losses	276	-264	807	501	307
Pre-tax income	951	1,791	-1,359	-2,987	-1,544	732	1,699	1,722
Income taxes	201	253	-185	-381	-485	101	194	203
Tax rate	21.1%	14.1%	13.6%	12.8%	31.4%	13.8%	11.4%	11.8%
Minority interest	-151	-528	-298	969	658	373	847	840
Net income	599	1,010	-876	-1,637	-401	249	649	670
Net margin	4.4%	19.1%	-29.4%	-71.6%	-46.5%	23.1%	46.9%	29.2%

Basic EPS [+]	$1.03	$1.73	($1.50)	($2.80)	($0.68)	$1.04	$2.81	$2.91
Growth	-137.0%	-352.9%	-244.2%	-199.7%	-123.5%
Diluted EPS [+]	$1.03	$1.73	($1.50)	($2.80)	($0.68)	$1.04	$2.81	$2.91
Growth	-137.0%	-352.8%	-244.2%	-199.7%	-123.5%

Shares outstanding (basic) [+]	579	584	584	585	586	239	231	230
Growth	-1.0%	-0.4%	144.0%	153.1%	155.0%
Shares outstanding (diluted) [+]	579	584	584	585	586	239	231	230
Growth	-1.0%	-0.4%	144.0%	153.1%	155.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.