Apollo Global Management (APO) Gross Margin (2024 - 2026)

Apollo Global Management's (APO) quarterly Gross Margin came in at 188.48% in Q1 2026, down 28560.0% year-on-year from N/an in Q1 2025, and down 439.39% quarter-over-quarter from 55.54% in Q4 2025.

Apollo Global Management (APO) Gross Margin (2024 - 2026) Analysis & Trends

Apollo Global Management's Gross Margin history runs 3 years deep, the most recent figure standing at 188.48% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 28560.0% year-over-year to 188.48% in Q1 2026; TTM through Mar 2026 was 73.61%, a N/A change from a year earlier, with the FY2025 full-year figure at 86.17%, up 21788.0% from the prior year.
  • Gross Margin retreated to 188.48% in Q1 2026 per APO's latest filing, from 55.54% in the prior quarter.
  • Across five years, Gross Margin topped out at 113.9% in Q4 2024 and bottomed at 188.48% in Q1 2026.
  • The 3-year median for Gross Margin is 95.44% (2025), against an average of 45.06%.
  • Across the five-year window, Gross Margin plunged 480 bps in 2025 and slumped 28560 bps in 2026, its largest moves.
  • Year by year, Gross Margin stood at 113.9% in 2024, then sank by 51 bps to 55.54% in 2025, then sank by 439 bps to 188.48% in 2026.
  • Per Business Quant, the three latest APO Gross Margin figures stand at 188.48% (Q1 2026), 55.54% (Q4 2025), and 93.76% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn 99.89%
2 BlackRock 161.01 Bn 148.08 Bn - -
3 Blackstone 97.77 Bn 96.72 Bn - -
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn -188.48%
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 93.51%
7 Northern Trust 32.93 Bn 32.93 Bn - -
8 Raymond James Financial 32.59 Bn 17.67 Bn - -
9 Price T Rowe 24.70 Bn 21.13 Bn - -
10 Principal Financial 23.31 Bn -27.00 Bn -463.00 Mn -40.33%

Historic Data

Download Data
DateValue
Mar 31, 2026 -188.48%
Dec 31, 2025 55.54%
Sep 30, 2025 93.76%
Mar 31, 2025 97.12%
Dec 31, 2024 113.90%
Sep 30, 2024 98.56%