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

Apollo Global Management has reported Operating Expenses over the past 5 years, most recently at $8.2 billion for 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 for Q4 2025 was $8.2 billion at Apollo Global Management, up from $7.1 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $12.8 billion in Q2 2023 and troughed at $648.0 million in Q3 2021.
  • A 5-year average of $4.6 billion and a median of $4.2 billion in 2022 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: surged 629.99% in 2022 and later plummeted 64.27% in 2024.
  • Year by year, Operating Expenses stood at $1.7 billion in 2021, then surged by 115.39% to $3.7 billion in 2022, then surged by 151.16% to $9.2 billion in 2023, then tumbled by 59.77% to $3.7 billion in 2024, then skyrocketed by 121.05% to $8.2 billion in 2025.
  • Business Quant data shows Operating Expenses for APO at $8.2 billion in Q4 2025, $7.1 billion in Q3 2025, and $5.7 billion in Q2 2025.