Apollo Global Management (APO) Cost of Revenue (2024 - 2026)
Apollo Global Management's (APO) quarterly Cost of Revenue came in at $626.0 million in Q1 2026, up 291.25% year-on-year from $160.0 million in Q1 2025, and down 85.73% quarter-over-quarter from $4.4 billion in Q4 2025.
Apollo Global Management (APO) Cost of Revenue (2024 - 2026) Analysis & Trends
Apollo Global Management's Cost of Revenue history runs 3 years deep, the most recent figure standing at $626.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 291.25% year-over-year to $626.0 million in Q1 2026; TTM through Mar 2026 was $5.8 billion, a N/A change from a year earlier, with the FY2025 full-year figure at $4.4 billion, up 45.15% from the prior year.
- Cost of Revenue eased to $626.0 million in Q1 2026 per APO's latest filing, from $4.4 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $4.4 billion in Q4 2025 and bottomed at $112.0 million in Q3 2024.
- The 3-year median for Cost of Revenue is $619.5 million (2025), against an average of $1.4 billion.
- Biggest YoY gain for Cost of Revenue was 447.32% in 2025; the steepest drop was 61.73% in 2025.
- Year by year, Cost of Revenue stood at $2.7 billion in 2024, then soared by 61.73% to $4.4 billion in 2025, then slumped by 85.73% to $626.0 million in 2026.
- Per Business Quant, the three latest APO Cost of Revenue figures stand at $626.0 million (Q1 2026), $4.4 billion (Q4 2025), and $613.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,261.80 Bn | 1,217.21 Bn | 18.56 Bn | 20.00 Mn |
| 2 | BlackRock | 165.12 Bn | 151.98 Bn | - | - |
| 3 | Blackstone | 103.58 Bn | 101.13 Bn | - | - |
| 4 | Brookfield Asset Management | 76.31 Bn | 75.26 Bn | - | - |
| 5 | Apollo Global Management | 73.95 Bn | 73.95 Bn | -409.00 Mn | 626.00 Mn |
| 6 | State Street | 51.18 Bn | 51.18 Bn | - | - |
| 7 | Ameriprise Financial | 50.08 Bn | 40.82 Bn | 4.57 Bn | 317.00 Mn |
| 8 | Raymond James Financial | 34.03 Bn | 19.06 Bn | - | - |
| 9 | Northern Trust | 33.84 Bn | 33.84 Bn | - | - |
| 10 | Price T Rowe | 25.85 Bn | 22.12 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 626.00 Mn |
| Mar 31, 2026 | 626.00 Mn |
| Dec 31, 2025 | 4.39 Bn |
| Dec 31, 2025 | 4.39 Bn |
| Sep 30, 2025 | 613.00 Mn |
| Sep 30, 2025 | 613.00 Mn |
| Mar 31, 2025 | 160.00 Mn |
| Mar 31, 2025 | 160.00 Mn |
| Dec 31, 2024 | 2.71 Bn |
| Dec 31, 2024 | 2.71 Bn |
| Sep 30, 2024 | 112.00 Mn |
| Sep 30, 2024 | 112.00 Mn |