Apollo Global Management (APO) Gross Margin (2024 - 2026)
Apollo Global Management (APO) posted Gross Margin of 94.5% for Q2 2026, up 8.17% on a QoQ basis from 87.37% in Q1 2026, and up 258.0% year-over-year from 26.4% in Q2 2025.
Analysis
Apollo Global Management (APO) Gross Margin (2024 - 2026) Analysis & Trends
Apollo Global Management has reported Gross Margin for 3 years, with the latest figure at 94.5% in Q2 2026.
- On a quarterly basis, Gross Margin rose 258.0% year-over-year to 94.5% in Q2 2026; TTM through Jun 2026 was 87.14%, a 299.0% decrease from a year earlier, with the FY2025 full-year figure at 86.17%, down 214.0% from the prior year.
- Gross Margin was 94.5% for Q2 2026 at Apollo Global Management, up from 87.37% in the prior quarter.
- The five-year high for Gross Margin was 94.5% in Q2 2026, with the low at 72.1% in Q4 2025.
- Average Gross Margin over 3 years is 88.49%, with a median of 90.01% recorded in 2024.
- The largest YoY upside for Gross Margin was 396 bps in 2025 against a maximum downside of 1611 bps in 2025.
- Over 3 years, Gross Margin stood at 88.21% in 2024, then fell by 18 bps to 72.1% in 2025, then surged by 31 bps to 94.5% in 2026.
- The last three Gross Margin figures came in at 94.5% (Q2 2026), 87.37% (Q1 2026), and 72.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 103.57 Bn | 101.06 Bn | - | - |
| 2 | Kkr | 93.46 Bn | -183.61 Bn | - | - |
| 3 | Apollo Global Management | 77.60 Bn | 52.22 Bn | 10.54 Bn | 94.50% |
| 4 | Brookfield Asset Management | 76.45 Bn | 74.94 Bn | - | - |
| 5 | Wheaton Precious Metals | 71.34 Bn | 71.24 Bn | 687.86 Mn | 74.03% |
| 6 | Franco Nevada | 51.21 Bn | 49.67 Bn | 451.00 Mn | 77.64% |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | 99.89% |
| 8 | Ares Management | 30.49 Bn | 30.49 Bn | - | - |
| 9 | Carlyle | 15.82 Bn | 14.57 Bn | - | - |
| 10 | Tpg | 8.08 Bn | 7.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 94.50% |
| Mar 31, 2026 | 87.37% |
| Dec 31, 2025 | 72.10% |
| Sep 30, 2025 | 93.76% |
| Jun 30, 2025 | 91.93% |
| Mar 31, 2025 | 90.23% |
| Dec 31, 2024 | 88.21% |
| Sep 30, 2024 | 89.80% |