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.

• In Q1 2026, Operating Expenses rose 7.76% year-over-year to $4.7 billion; the TTM figure through Mar 2026 stood at $25.6 billion (up 39.02% YoY), while the FY2025 annual figure was $25.3 billion, up 33.23% from the prior year.
• Operating Expenses was $4.7 billion for Q1 2026 at Apollo Global Management, down from $8.2 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $12.8 billion in Q2 2023 to a low of $1.8 billion in Q3 2023.
• Historically, Operating Expenses has averaged $5.4 billion across 5 years, with a median of $4.7 billion in 2026.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 629.99% in 2022, then tumbled 64.27% in 2024.
• A 5-year view of Operating Expenses shows it stood at $3.7 billion in 2022, then soared by 151.16% to $9.2 billion in 2023, then sank by 59.77% to $3.7 billion in 2024, then surged by 121.05% to $8.2 billion in 2025, then tumbled 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.