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
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