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

Apollo Global Management has reported Operating Expenses for 6 years, with the latest figure at $4.7 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 7.76% year-over-year to $4.7 billion; the trailing twelve-month figure through Mar 2026 stood at $25.6 billion (up 39.02% YoY), and the FY2025 full-year result 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.
• Average Operating Expenses over 5 years is $5.4 billion, with a median of $4.7 billion recorded in 2026.
• Year-over-year, Operating Expenses jumped 629.99% in 2022 and tumbled 64.27% in 2024.
• Tracing APO's Operating Expenses over 5 years: stood at $3.7 billion in 2022, then jumped by 151.16% to $9.2 billion in 2023, then plunged by 59.77% to $3.7 billion in 2024, then soared by 121.05% to $8.2 billion in 2025, then slumped by 42.65% to $4.7 billion in 2026.
• The last three Operating Expenses figures came in at $4.7 billion (Q1 2026), $8.2 billion (Q4 2025), and $7.1 billion (Q3 2025), per Business Quant data.

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