Apollo Global Management (APO) Operating Expenses (2021 - 2026)
Apollo Global Management (APO) posted quarterly Operating Expenses of $4.7 billion for Q1 2026, up 7.76% year-over-year from $4.3 billion in Q1 2025, and down 42.65% quarter-over-quarter from $8.2 billion in Q4 2025.
Apollo Global Management (APO) Operating Expenses (2021 - 2026) Analysis & Trends
Apollo Global Management's Operating Expenses history runs 6 years deep, the most recent figure standing at $4.7 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 7.76% year-over-year to $4.7 billion; the TTM figure through Mar 2026 stood at $25.6 billion (up 39.02% YoY), while the FY2025 annual figure was $25.3 billion, up 33.23% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.7 billion, down from $8.2 billion in the prior quarter.
- The five-year high for Operating Expenses was $12.8 billion in Q2 2023, with the low at $1.8 billion in Q3 2023.
- The 5-year median for Operating Expenses is $4.7 billion (2026), against an average of $5.4 billion.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 629.99% in 2022, then slumped 64.27% in 2024.
- Apollo Global Management's Operating Expenses stood at $3.7 billion in 2022, then surged by 151.16% to $9.2 billion in 2023, then plunged by 59.77% to $3.7 billion in 2024, then jumped by 121.05% to $8.2 billion in 2025, then slumped by 42.65% to $4.7 billion in 2026.
- Business Quant data shows APO's Operating Expenses at $4.7 billion in Q1 2026, $8.2 billion in Q4 2025, and $7.1 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Raymond James Financial | 33.40 Bn | 20.15 Bn | - | 3.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.74 Bn |
| Mar 31, 2026 | 4.68 Bn |
| Dec 31, 2025 | 8.16 Bn |
| Sep 30, 2025 | 7.07 Bn |
| Jun 30, 2025 | 5.72 Bn |
| Mar 31, 2025 | 4.34 Bn |
| Dec 31, 2024 | 3.69 Bn |
| Sep 30, 2024 | 5.82 Bn |
| Jun 30, 2024 | 4.58 Bn |
| Mar 31, 2024 | 4.89 Bn |
| Dec 31, 2023 | 9.18 Bn |
| Sep 30, 2023 | 1.75 Bn |
| Jun 30, 2023 | 12.83 Bn |
| Mar 31, 2023 | 3.57 Bn |
| Dec 31, 2022 | 3.65 Bn |
| Sep 30, 2022 | 4.02 Bn |
| Jun 30, 2022 | 5.45 Bn |
| Mar 31, 2022 | 2.78 Bn |
| Dec 31, 2021 | 1.70 Bn |
| Sep 30, 2021 | 648.00 Mn |