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

Apollo Global Management has reported Operating Expenses over the past 5 years, most recently at $8.2 billion for Q4 2025.

  • Quarterly results put Operating Expenses at $8.2 billion for Q4 2025, up 121.05% from a year ago — trailing twelve months through Dec 2025 was $25.3 billion (up 33.23% YoY), and the annual figure for FY2025 was $25.3 billion, up 33.23%.
  • Operating Expenses for Q4 2025 was $8.2 billion at Apollo Global Management, up from $7.1 billion in the prior quarter.
  • Over the last five years, Operating Expenses for APO hit a ceiling of $12.8 billion in Q2 2023 and a floor of $648.0 million in Q3 2021.
  • Median Operating Expenses over the past 5 years was $4.2 billion (2022), compared with a mean of $4.6 billion.
  • Biggest five-year swings in Operating Expenses: skyrocketed 629.99% in 2022 and later crashed 64.27% in 2024.
  • Apollo Global Management's Operating Expenses stood at $1.7 billion in 2021, then skyrocketed by 115.39% to $3.7 billion in 2022, then skyrocketed by 151.16% to $9.2 billion in 2023, then plummeted by 59.77% to $3.7 billion in 2024, then soared by 121.05% to $8.2 billion in 2025.
  • The last three reported values for Operating Expenses were $8.2 billion (Q4 2025), $7.1 billion (Q3 2025), and $5.7 billion (Q2 2025) per Business Quant data.