Apollo Global Management (APO) Cost of Revenue (2024 - 2026)
Apollo Global Management (APO) posted Cost of Revenue of $594 million for Q2 2026, up 12.7% from $527 million a year earlier but down 7.0% from the prior quarter.
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Analysis
Apollo Global Management (APO) Cost of Revenue (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Apollo Global Management was $4.6 billion, up 85.1% year-over-year; for FY2025, it was $4.43 billion, up 45.2% from FY2024.
- In prior years, Apollo Global Management's Cost of Revenue was $3.05 billion in FY2024 (-78.8%) and $14.43 billion in FY2023.
- Quarterly Cost of Revenue has run from a low of $527 million in Q2 2025 to a high of $2.75 billion in Q4 2025 over five years.
- On a year-over-year basis, Cost of Revenue has increased in each of the last three quarters, with growth averaging 87.5% over the last four quarters.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $639 million (Q1 2026), $2.75 billion (Q4 2025) and $613 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | - |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | - |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | - |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | 14.94 Bn |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | - |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | - |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | 594.00 Mn |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 241.35 Mn |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | 45.90 Mn |
| 10 | Ameriprise Financial | 43.37 Bn | 4.79 Bn | 4.72 Bn | 294.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 594.00 Mn |
| Mar 31, 2026 | 639.00 Mn |
| Dec 31, 2025 | 2.75 Bn |
| Sep 30, 2025 | 613.00 Mn |
| Jun 30, 2025 | 527.00 Mn |
| Mar 31, 2025 | 541.00 Mn |
| Dec 31, 2024 | 623.00 Mn |
| Sep 30, 2024 | 793.00 Mn |
API Access
Apollo Global Management Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=APO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "APO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=APO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();