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| Date | Value |
|---|---|
| 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% |