Athene Holding (ATH-PA) Cost of Revenue (2016 - 2026)
Athene Holding's Cost of Revenue was $594 million in Q2 2026, up 12.7% from $527 million a year earlier but down 7.0% from the prior quarter.
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Analysis
Athene Holding (ATH-PA) Cost of Revenue (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Athene Holding's Cost of Revenue was $4.6 billion through Jun 30, 2026, up 85.1% year-over-year; for FY2025, it came in at $4.43 billion, up 45.2% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of -9.2% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $3.05 billion in FY2024 (-78.8%), $14.43 billion in FY2023 (+15.8%), $12.47 billion in FY2022 (-20.8%) and $15.73 billion in FY2021 (+118.9%).
- Quarterly Cost of Revenue has moved between $368 million (Q3 2023) and $9.51 billion (Q2 2023) over five years.
- Compared with a year earlier, Cost of Revenue has increased for three straight quarters, with growth averaging 41.0% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q4 2025 (growth of 341.7%); the worst was Q3 2023 (a decline of 88.7%).
- Per Business Quant data, ATH-PA's Cost of Revenue in the three quarters before Q2 2026 was $639 million (Q1 2026), $2.75 billion (Q4 2025) and $613 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.24 Bn | 85.88 Bn | 8.67 Bn | 7.53 Bn |
| 2 | Progressive | 132.33 Bn | 107.85 Bn | 8.29 Bn | 14.90 Bn |
| 3 | Marsh & Mclennan Companies | 98.13 Bn | 90.29 Bn | - | - |
| 4 | Travelers Companies | 81.36 Bn | 58.85 Bn | 5.93 Bn | 6.49 Bn |
| 5 | Manulife Financial | 75.38 Bn | -20.12 Bn | - | - |
| 6 | Arthur J. Gallagher | 72.40 Bn | 66.99 Bn | - | - |
| 7 | Aon | 71.76 Bn | 50.96 Bn | - | - |
| 8 | Metlife | 65.91 Bn | -40.87 Bn | 7.82 Bn | 11.34 Bn |
| 9 | Allstate | 63.54 Bn | 23.38 Bn | 7.41 Bn | 9.94 Bn |
| 10 | Athene Holding | 4.33 Bn | -110.67 Bn | 2.47 Bn | 595.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 595.00 Mn |
| Jun 30, 2026 | 594.00 Mn |
| Mar 31, 2026 | 639.00 Mn |
| Dec 31, 2025 | 2.75 Bn |
| Sep 30, 2025 | 613.00 Mn |
| Jun 30, 2025 | 527.00 Mn |
| Mar 31, 2025 | 541.00 Mn |
| Dec 31, 2024 | 623.00 Mn |
| Sep 30, 2024 | 793.00 Mn |
| Jun 30, 2024 | 1.10 Bn |
| Mar 31, 2024 | 543.00 Mn |
| Dec 31, 2023 | 4.09 Bn |
| Sep 30, 2023 | 368.00 Mn |
| Jun 30, 2023 | 9.51 Bn |
| Mar 31, 2023 | 466.00 Mn |
| Dec 31, 2022 | 1.24 Bn |
| Sep 30, 2022 | 3.27 Bn |
| Jun 30, 2022 | 5.78 Bn |
| Mar 31, 2022 | 2.18 Bn |
| Dec 31, 2021 | 3.45 Bn |
API Access
Athene Holding Cost of Revenue 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=cost-of-revenue&ticker=ATH-PA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ATH-PA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ATH-PA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();