Apollo Commercial Real Estate Finance (ARI) Net Margin (2020 - 2026)
Apollo Commercial Real Estate Finance (ARI) posted Net Margin of 51.17% for Q2 2026, up 26.25 percentage points from 24.92% a year earlier and up 11.67 percentage points from the prior quarter.
Apollo Commercial Real Estate Finance (ARI) Net Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Apollo Commercial Real Estate Finance was 50.33%, up 56.76 percentage points year-over-year; for FY2025, it was 42.14%, up 86.65 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +40.40 percentage points (FY2020 to FY2025).
- In prior years, Apollo Commercial Real Estate Finance's Net Margin was -44.51% in FY2024 (-57.82 pp), 13.31% in FY2023 (-70.00 pp), 83.31% in FY2022 (+9.30 pp) and 74.00% in FY2021 (+72.27 pp).
- Quarterly Net Margin has run from a low of -134.70% in Q1 2024 to a high of 235.86% in Q3 2022 over five years.
- On a year-over-year basis, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +24.19 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2025, with a gain of 210.50 percentage points; the weakest was Q1 2024, with a drop of 187.32 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 39.50% (Q1 2026), 35.67% (Q4 2025) and 77.45% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 8.26% |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 32.04% |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 2.65% |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 2.02% |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 138.65% |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 18.21% |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 52.47% |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | - |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Apollo Commercial Real Estate Finance | 801.33 Mn | -950.68 Mn | - | 51.17% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.17% |
| Mar 31, 2026 | 39.50% |
| Dec 31, 2025 | 35.67% |
| Sep 30, 2025 | 77.45% |
| Jun 30, 2025 | 24.92% |
| Mar 31, 2025 | 34.83% |
| Dec 31, 2024 | 52.11% |
| Sep 30, 2024 | -133.05% |
| Jun 30, 2024 | 40.34% |
| Mar 31, 2024 | -134.70% |
| Dec 31, 2023 | 51.66% |
| Sep 30, 2023 | 52.99% |
| Jun 30, 2023 | -93.82% |
| Mar 31, 2023 | 52.63% |
| Dec 31, 2022 | -8.10% |
| Sep 30, 2022 | 235.86% |
| Jun 30, 2022 | 89.30% |
| Mar 31, 2022 | 18.96% |
| Dec 31, 2021 | 48.03% |
| Sep 30, 2021 | 85.93% |
Apollo Commercial Real Estate Finance Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "ARI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();