APi APG
NYSE APG
$37.87 +0.49 (+1.31%)
At close: Sep 11, 2026 · 4:00 PM EDT

APi (APG) Operating Expenses (2019 - 2026)

APi's (APG) quarterly Operating Expenses came in at $528.0 million in Q2 2026, up 11.86% on a YoY basis from $472.0 million in Q2 2025, and up 2.13% quarter-over-quarter from $517.0 million in Q1 2026.

Analysis

APi (APG) Operating Expenses (2019 - 2026) Analysis & Trends

APi (APG) has reported Operating Expenses for 8 consecutive years, with $528.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 11.86% year-over-year to $528.0 million; the trailing twelve-month figure through Jun 2026 stood at $2.0 billion (up 12.9% YoY), and the FY2025 full-year result was $1.9 billion, up 14.11% from the prior year.
  • Operating Expenses grew to $528.0 million in Q2 2026 per APG's latest filing, from $517.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $528.0 million in Q2 2026 and bottomed at $352.0 million in Q1 2023.
  • Historically, Operating Expenses has averaged $433.6 million across 5 years, with a median of $421.5 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 109.29% in 2022, then retreated 8.09% in 2023.
  • Over 5 years, Operating Expenses stood at $414.0 million in 2022, then grew by 4.59% to $433.0 million in 2023, then climbed by 6.0% to $459.0 million in 2024, then grew by 11.98% to $514.0 million in 2025, then climbed by 2.72% to $528.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $528.0 million, $517.0 million, and $514.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cintas 80.63 Bn 80.34 Bn 1.48 Bn 792.12 Mn
2 Iron Mountain 34.27 Bn 34.39 Bn 1.07 Bn 1.66 Bn
3 Rollins 16.72 Bn 16.61 Bn 569.95 Mn 877.22 Mn
4 APi 16.37 Bn 15.51 Bn 703.00 Mn 528.00 Mn
5 Aramark 15.43 Bn 15.00 Bn 430.34 Mn 4.84 Bn
6 FirstService 6.30 Bn 6.63 Bn 480.66 Mn 359.42 Mn
7 Unifirst 4.96 Bn 4.79 Bn 234.73 Mn 611.37 Mn
8 Geo 4.16 Bn 3.91 Bn - 530.70 Mn
9 CoreCivic 3.45 Bn 3.34 Bn - 615.92 Mn
10 Abm Industries 2.90 Bn 2.79 Bn 286.10 Mn 179.10 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 528.00 Mn
Mar 31, 2026 517.00 Mn
Dec 31, 2025 514.00 Mn
Sep 30, 2025 489.00 Mn
Jun 30, 2025 472.00 Mn
Mar 31, 2025 458.00 Mn
Dec 31, 2024 459.00 Mn
Sep 30, 2024 425.00 Mn
Jun 30, 2024 418.00 Mn
Mar 31, 2024 392.00 Mn
Dec 31, 2023 433.00 Mn
Sep 30, 2023 407.00 Mn
Jun 30, 2023 389.00 Mn
Mar 31, 2023 352.00 Mn
Dec 31, 2022 414.00 Mn
Sep 30, 2022 379.00 Mn
Jun 30, 2022 376.00 Mn
Mar 31, 2022 383.00 Mn
Dec 31, 2021 224.00 Mn
Sep 30, 2021 211.00 Mn