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

Apollo Commercial Real Estate Finance's Operating Expenses history runs 17 years deep, the most recent figure standing at $36.3 million for Q1 2026.

• Quarterly Operating Expenses fell 5.65% year-over-year to $36.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $155.8 million (changed 0.27% YoY) and the FY2025 annual result came in at $158.0 million, down 0.73% from the prior year.
• Operating Expenses was $36.3 million for Q1 2026 at Apollo Commercial Real Estate Finance, down from $43.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $43.4 million in Q4 2025 and bottomed at $26.9 million in Q1 2022.
• A 5-year average of $36.6 million and a median of $37.8 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 64.97% — and 2025, when it fell 7.02%.
• Apollo Commercial Real Estate Finance's Operating Expenses stood at $34.1 million in 2022, then rose by 10.71% to $37.8 million in 2023, then rose by 1.82% to $38.5 million in 2024, then increased by 12.85% to $43.4 million in 2025, then slipped by 16.51% to $36.3 million in 2026.
• Business Quant data shows ARI's Operating Expenses at $36.3 million in Q1 2026, $43.4 million in Q4 2025, and $37.5 million in Q3 2025.