APi (APG) Operating Expenses (2019 - 2026)
APi's (APG) quarterly Operating Expenses came in at $528.0 million in Q2 2026, up 11.86% YoY from $472.0 million in Q2 2025, and up 2.13% on a QoQ basis from $517.0 million in Q1 2026.
APi (APG) Operating Expenses (2019 - 2026) Analysis & Trends
APi (APG) has 8 years of Operating Expenses data on file, last reported at $528.0 million in Q2 2026.
- Quarterly Operating Expenses rose 11.86% year-over-year to $528.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.0 billion (up 12.9% YoY) and the FY2025 annual result came in at $1.9 billion, up 14.11% from the prior year.
- Operating Expenses climbed to $528.0 million in Q2 2026, from $517.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $528.0 million in Q2 2026 to a low of $352.0 million in Q1 2023.
- A 5-year average of $433.6 million and a median of $421.5 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 109.29% — and 2023, when it fell 8.09%.
- Tracing APG's Operating Expenses over 5 years: stood at $414.0 million in 2022, then advanced by 4.59% to $433.0 million in 2023, then gained by 6.0% to $459.0 million in 2024, then advanced by 11.98% to $514.0 million in 2025, then gained by 2.72% to $528.0 million in 2026.
- The last three Operating Expenses figures came in at $528.0 million (Q2 2026), $517.0 million (Q1 2026), and $514.0 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 98.57 Bn | 98.48 Bn | 1.55 Bn | 698.49 Mn |
| 2 | Comfort Systems Usa | 69.82 Bn | 67.96 Bn | 844.23 Mn | 287.05 Mn |
| 3 | Ferrovial | 46.93 Bn | 41.94 Bn | - | - |
| 4 | Emcor | 35.79 Bn | 34.87 Bn | 1.02 Bn | 475.04 Mn |
| 5 | Mastec | 25.30 Bn | 25.14 Bn | 556.28 Mn | 206.47 Mn |
| 6 | Sterling Infrastructure | 18.27 Bn | 17.76 Bn | 194.30 Mn | 49.26 Mn |
| 7 | APi | 17.00 Bn | 16.35 Bn | 703.00 Mn | 528.00 Mn |
| 8 | Jacobs Solutions | 15.69 Bn | 14.31 Bn | 794.89 Mn | 876.07 Mn |
| 9 | IES Holdings | 12.60 Bn | 12.34 Bn | 254.79 Mn | 142.57 Mn |
| 10 | Dycom Industries | 12.50 Bn | 11.79 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |