Apollo Commercial Real Estate Finance (ARI) Operating Expenses (2010 - 2026)

Apollo Commercial Real Estate Finance has reported Operating Expenses for 17 years, with the latest figure at $36.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 5.65% year-over-year to $36.3 million; the trailing twelve-month figure through Mar 2026 stood at $155.8 million (changed 0.27% YoY), and the FY2025 full-year result was $158.0 million, down 0.73% from the prior year.
• Operating Expenses for Q1 2026 stood at $36.3 million, down from $43.4 million in the prior quarter.
• The five-year high for Operating Expenses was $43.4 million in Q4 2025, with the low at $26.9 million in Q1 2022.
• Historically, Operating Expenses has averaged $36.6 million across 5 years, with a median of $37.8 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 64.97% — and 2025, when it slipped 7.02%.
• Apollo Commercial Real Estate Finance's Operating Expenses stood at $34.1 million in 2022, then grew by 10.71% to $37.8 million in 2023, then grew by 1.82% to $38.5 million in 2024, then climbed by 12.85% to $43.4 million in 2025, then retreated by 16.51% to $36.3 million in 2026.
• The last three Operating Expenses figures came in at $36.3 million (Q1 2026), $43.4 million (Q4 2025), and $37.5 million (Q3 2025), per Business Quant data.