Apollo Global Management (APO) Operating Margin (2021 - 2026)
Apollo Global Management (APO) posted Operating Margin of 47.97% for Q2 2026, down 52.78% on a QoQ basis from 101.58% in Q1 2026, and down 2212.0% year-over-year from 2.27% in Q2 2025.
Analysis
Apollo Global Management (APO) Operating Margin (2021 - 2026) Analysis & Trends
Apollo Global Management has reported Operating Margin for 6 years, with the latest figure at 47.97% in Q2 2026.
- On a quarterly basis, Operating Margin fell 2212.0% year-over-year to 47.97% in Q2 2026; TTM through Jun 2026 was 57.43%, a 1124.0% decrease from a year earlier, with the FY2025 full-year figure at 60.05%, down 14.0% from the prior year.
- Operating Margin was 47.97% for Q2 2026 at Apollo Global Management, down from 101.58% in the prior quarter.
- The five-year high for Operating Margin was 200.81% in Q1 2022, with the low at 21.52% in Q2 2023.
- Average Operating Margin over 5 years is 70.8%, with a median of 57.98% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Margin soared 12334 bps in 2022, then slumped 15154 bps in 2023.
- Over 5 years, Operating Margin stood at 51.25% in 2022, then sank by 41 bps to 30.36% in 2023, then surged by 164 bps to 80.2% in 2024, then tumbled by 35 bps to 51.86% in 2025, then decreased by 7 bps to 47.97% in 2026.
- The last three Operating Margin figures came in at 47.97% (Q2 2026), 101.58% (Q1 2026), and 51.86% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 102.43 Bn | 104.87 Bn | - | - |
| 2 | Kkr | 96.71 Bn | -180.36 Bn | - | 35.61% |
| 3 | Brookfield Asset Management | 80.84 Bn | 80.57 Bn | - | - |
| 4 | Apollo Global Management | 76.99 Bn | 72.09 Bn | 10.54 Bn | 47.97% |
| 5 | Wheaton Precious Metals | 70.37 Bn | 70.27 Bn | 687.86 Mn | 71.79% |
| 6 | Franco Nevada | 51.31 Bn | 49.77 Bn | 451.00 Mn | 76.73% |
| 7 | Ares Management | 50.50 Bn | 55.42 Bn | - | - |
| 8 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | 176.87% |
| 9 | Tpg | 20.58 Bn | 22.14 Bn | - | - |
| 10 | Blue Owl Capital | 18.30 Bn | 21.75 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.97% |
| Mar 31, 2026 | 101.58% |
| Dec 31, 2025 | 51.86% |
| Sep 30, 2025 | 51.03% |
| Jun 30, 2025 | 70.09% |
| Mar 31, 2025 | 78.24% |
| Dec 31, 2024 | 80.20% |
| Sep 30, 2024 | 52.76% |
| Jun 30, 2024 | 63.21% |
| Mar 31, 2024 | 50.80% |
| Dec 31, 2023 | 30.36% |
| Sep 30, 2023 | 122.00% |
| Jun 30, 2023 | 21.52% |
| Mar 31, 2023 | 49.27% |
| Dec 31, 2022 | 51.25% |
| Sep 30, 2022 | 68.24% |
| Jun 30, 2022 | 83.25% |
| Mar 31, 2022 | 200.81% |
| Dec 31, 2021 | 48.03% |
| Sep 30, 2021 | 49.63% |