Apollo Global Management annual operating expenses
2020
2021
2022
2023
2024
2025
Apollo Global Management Operating Expenses Growth & History (APO)
Apollo Global Management's operating expenses was $25.29B for fiscal 2025.
View full Apollo Global Management company overviewApollo Global Management annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $25.29B | $6.31B | +33.23% |
| 2024 | 2024-12-31 | $18.98B | −$8.35B | −30.55% |
| 2023 | 2023-12-31 | $27.33B | $11.42B | +71.77% |
| 2022 | 2022-12-31 | $15.91B | $11.80B | +286.85% |
| 2021 | 2021-12-31 | $4.11B | $2.53B | +160.48% |
| 2020 | 2020-12-31 | $1.58B | — | — |
Apollo Global Management quarterly operating expenses
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $8.74B | $3.02B | +52.87% |
| Q1 2026 | 2026-03-31 | $4.68B | $337.0M | +7.76% |
| Q4 2025 | 2025-12-31 | $8.16B | $4.47B | +121.05% |
| Q3 2025 | 2025-09-30 | $7.07B | $1.25B | +21.56% |
| Q2 2025 | 2025-06-30 | $5.72B | $1.13B | +24.74% |
| Q1 2025 | 2025-03-31 | $4.34B | −$549.0M | −11.22% |
| Q4 2024 | 2024-12-31 | $3.69B | −$5.48B | −59.77% |
| Q3 2024 | 2024-09-30 | $5.82B | $4.07B | +232.15% |
| Q2 2024 | 2024-06-30 | $4.58B | −$8.25B | −64.27% |
| Q1 2024 | 2024-03-31 | $4.89B | $1.32B | +36.85% |
| Q4 2023 | 2023-12-31 | $9.18B | $5.52B | +151.16% |
| Q3 2023 | 2023-09-30 | $1.75B | −$2.27B | −56.45% |
| Q2 2023 | 2023-06-30 | $12.83B | $7.38B | +135.30% |
| Q1 2023 | 2023-03-31 | $3.57B | $790.0M | +28.38% |
| Q4 2022 | 2022-12-31 | $3.65B | $1.96B | +115.39% |
| Q3 2022 | 2022-09-30 | $4.02B | $3.37B | +520.52% |
| Q2 2022 | 2022-06-30 | $5.45B | $4.71B | +629.99% |
| Q1 2022 | 2022-03-31 | $2.78B | $1.76B | +172.41% |
| Q4 2021 | 2021-12-31 | $1.70B | — | — |
| Q3 2021 | 2021-09-30 | $648.0M | — | — |
| Q2 2021 | 2021-06-30 | $747.0M | — | — |
| Q1 2021 | 2021-03-31 | $1.02B | — | — |
Apollo Global Management operating expenses trends
Over the last five fiscal years, Apollo Global Management's operating expenses increased from $1.58B to $25.29B, a change of $23.71B. The latest reported quarter, Q2 2026, shows $8.74B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Apollo Global Management source filings ↗