Apollo Global Management (APO) Operating Expenses (2021 - 2026)

Apollo Global Management's Operating Expenses history runs 6 years deep, the most recent figure standing at $4.7 billion for Q1 2026.

• On a quarterly basis, Operating Expenses rose 7.76% year-over-year to $4.7 billion in Q1 2026; TTM through Mar 2026 was $25.6 billion, a 39.02% increase from a year earlier, with the FY2025 full-year figure at $25.3 billion, up 33.23% from the prior year.
• Operating Expenses slipped to $4.7 billion in Q1 2026 per APO's latest filing, from $8.2 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $12.8 billion in Q2 2023 and bottomed 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.
• Across the five-year window, Operating Expenses jumped 629.99% in 2022 and tumbled 64.27% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $3.7 billion in 2022, then soared by 151.16% to $9.2 billion in 2023, then tumbled by 59.77% to $3.7 billion in 2024, then surged by 121.05% to $8.2 billion in 2025, then sank by 42.65% to $4.7 billion in 2026.
• Per Business Quant, the three latest APO Operating Expenses figures stand at $4.7 billion (Q1 2026), $8.2 billion (Q4 2025), and $7.1 billion (Q3 2025).