Apollo Global Management (APO) Cost of Revenue (2024 - 2026)
Apollo Global Management (APO) posted quarterly Cost of Revenue of $626.0 million for Q1 2026, up 291.25% year-over-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.
- In Q1 2026, Cost of Revenue rose 291.25% year-over-year to $626.0 million; the TTM figure through Mar 2026 stood at $5.8 billion (changed N/A YoY), while the FY2025 annual figure was $4.4 billion, up 45.15% from the prior year.
- Cost of Revenue for Q1 2026 stood at $626.0 million, down from $4.4 billion in the prior quarter.
- The five-year high for Cost of Revenue was $4.4 billion in Q4 2025, with the low 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.
- Peak annual rise in Cost of Revenue reached 447.32% in 2025, while the deepest fall reached 61.73% in 2025.
- Apollo Global Management's Cost of Revenue stood at $2.7 billion in 2024, then surged by 61.73% to $4.4 billion in 2025, then tumbled by 85.73% to $626.0 million in 2026.
- Business Quant data shows APO's Cost of Revenue at $626.0 million in Q1 2026, $4.4 billion in Q4 2025, and $613.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 613.00 Mn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 294.00 Mn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Raymond James Financial | 33.40 Bn | 20.15 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 613.00 Mn |
| Jun 30, 2026 | 613.00 Mn |
| 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 |