Apollo Global Management (APO) Cost of Revenue (2024 - 2026)
Apollo Global Management's quarterly Cost of Revenue came in at $15.0 million in Q1 2026, down 97.23% year-on-year from $542.0 million in Q1 2025, and down 99.61% quarter-over-quarter from $3.9 billion in Q4 2025.
Apollo Global Management has reported Cost of Revenue for 3 years, with the latest figure at $15.0 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 97.23% year-over-year to $15.0 million; the trailing twelve-month figure through Mar 2026 stood at $5.0 billion (changed N/A YoY), and the FY2025 full-year result was $4.4 billion, up 45.15% from the prior year.
- Cost of Revenue for Q1 2026 stood at $15.0 million, down from $3.9 billion in the prior quarter.
- The five-year high for Cost of Revenue was $3.9 billion in Q4 2025, with the low at $15.0 million in Q1 2026.
- Average Cost of Revenue over 3 years is $1.4 billion, with a median of $557.5 million recorded in 2025.
- Year-over-year, Cost of Revenue soared 264.97% in 2025 and sank 97.23% in 2026.
- Tracing APO's Cost of Revenue over 3 years: stood at $3.0 billion in 2024, then advanced by 29.39% to $3.9 billion in 2025, then plunged by 99.61% to $15.0 million in 2026.
- The last three Cost of Revenue figures came in at $15.0 million (Q1 2026), $3.9 billion (Q4 2025), and $573.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | - |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | - |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 15.00 Mn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 317.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | - |
| 10 | Raymond James Financial | 28.62 Bn | 17.38 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.00 Mn |
| Mar 31, 2026 | 15.00 Mn |
| Dec 31, 2025 | 3.89 Bn |
| Dec 31, 2025 | 3.89 Bn |
| Sep 30, 2025 | 573.00 Mn |
| Sep 30, 2025 | 573.00 Mn |
| Mar 31, 2025 | 542.00 Mn |
| Mar 31, 2025 | 542.00 Mn |
| Dec 31, 2024 | 3.01 Bn |
| Dec 31, 2024 | 3.01 Bn |
| Sep 30, 2024 | 157.00 Mn |
| Sep 30, 2024 | 157.00 Mn |