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Apollo Global Management (APO) Operating Expenses (2021 - 2025)

Apollo Global Management (APO) has 5 years of Operating Expenses data on record, last reported at $8.2 billion in Q4 2025.

  • For Q4 2025, Operating Expenses rose 121.05% year-over-year to $8.2 billion; the TTM value through Dec 2025 reached $25.3 billion, up 33.23%, while the annual FY2025 figure was $25.3 billion, 33.23% up from the prior year.
  • Operating Expenses reached $8.2 billion in Q4 2025 per APO's latest filing, up from $7.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $12.8 billion in Q2 2023 and bottomed at $648.0 million in Q3 2021.
  • Average Operating Expenses over 5 years is $4.6 billion, with a median of $4.4 billion recorded in 2022.
  • Peak YoY movement for Operating Expenses: surged 629.99% in 2022, then plummeted 64.27% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $1.7 billion in 2021, then soared by 115.39% to $3.7 billion in 2022, then soared by 151.16% to $9.2 billion in 2023, then crashed by 59.77% to $3.7 billion in 2024, then surged by 121.05% to $8.2 billion in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $8.2 billion in Q4 2025, $7.1 billion in Q3 2025, and $5.7 billion in Q2 2025.