Apollo Global Management APO
NYSE APO
$130.97 -0.84 (-0.64%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%