Apollo Global Management (APOS) Cost of Revenue (2024 - 2026)

Apollo Global Management (APOS) recorded quarterly Cost of Revenue of $15.0 million in Q1 2026, down 99.61% quarter-over-quarter from $3.9 billion in Q4 2025, and down 97.23% on a YoY basis from $542.0 million in Q1 2025.

Apollo Global Management (APOS) Cost of Revenue (2024 - 2026) Analysis & Trends

Apollo Global Management's Cost of Revenue history runs 3 years deep, the most recent figure standing at $15.0 million for Q1 2026.

  • In Q1 2026, Cost of Revenue fell 97.23% year-over-year to $15.0 million; the TTM figure through Mar 2026 stood at $5.0 billion (changed N/A YoY), while the FY2025 annual figure was $4.4 billion, up 45.15% from the prior year.
  • Cost of Revenue was $15.0 million for Q1 2026 at Apollo Global Management, down from $3.9 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $3.9 billion in Q4 2025 to a low of $15.0 million in Q1 2026.
  • Historically, Cost of Revenue has averaged $1.4 billion across 3 years, with a median of $557.5 million in 2025.
  • The sharpest annual moves came in 2025 and 2026: Cost of Revenue jumped 264.97% in 2025, then sank 97.23% in 2026.
  • A 3-year view of Cost of Revenue shows it stood at $3.0 billion in 2024, then gained by 29.39% to $3.9 billion in 2025, then sank by 99.61% to $15.0 million in 2026.
  • The last three Cost of Revenue figures came in at $15.0 million (Q1 2026), $3.9 billion (Q4 2025), and $573.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 15.00 Mn
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 317.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Apollo Global Management - - 5.04 Bn 15.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 15.00 Mn
Mar 31, 2026 15.00 Mn
Dec 31, 2025 3.89 Bn
Dec 31, 2025 3.89 Bn
Sep 30, 2025 573.00 Mn
Sep 30, 2025 573.00 Mn
Mar 31, 2025 542.00 Mn
Mar 31, 2025 542.00 Mn
Dec 31, 2024 3.01 Bn
Dec 31, 2024 3.01 Bn
Sep 30, 2024 157.00 Mn
Sep 30, 2024 157.00 Mn