Apollo Global Management APO
NYSE APO
$130.97 -0.84 (-0.64%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%