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APi Group Income Statement

Revenue, expenses, and profitability over time

APi Group generated $8.2B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $324.0M with a 3.96% net margin. Gross margin stands at 31.38% and operating margin at 7.01%. Diluted EPS is $-0.64, which declined 3.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$8.2BGross Profit (TTM)$2.6BOperating Income (TTM)$573.0MNet Income (TTM)$324.0MEps Diluted (TTM)$-0.64
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$17.8B
P/E Ratio54.82
ROE10.02%

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders-$28M$31M$69M$84M-$472M$51M
Net earnings to common-$28M$31M$69M$84M-$472M$51M
Net Income Available to Common Shareholders-$28M$31M$69M$84M-$472M$51M
Net income$67M$35M$77M$93M$97M$57M
Net income attributable to common stock-$28M$31M$69M$84M-$472M$51M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax-$28M$31M$69M$84M-$472M$51M
Net interest and investment income (loss)-$2M$0$2M$1M-$3M-$2M
Other income, net (Note 6)-$38M-$38M-$35M-$33M-$35M-$32M
Revenue From Contract With Customer Excluding Assessed Tax$1.9B$1.7B$2B$2.1B$2.1B$2B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.07$0.07$0.17$0.20$-1.13$0.12
Diluted earnings per share$-0.07$0.07$0.16$0.20$-1.12$0.12
Weighted-average shares, basic401.5M415.9M415.3M415.8M415.7M431.5M
Weighted-average shares, diluted401.5M417.4M427.6M429.5M415.7M435.1M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Interest and Investment Income (Loss)-$2M$0$2M$1M-$3M-$2M
Other Charges-$38M-$38M-$35M-$33M-$35M-$32M
Interest expense-$36M$38M-$37M-$34M-$32M$30M
Interest income-$2M$0$2M$1M-$3M-$2M
Investment income, net-$2M$0$2M$1M-$3M-$2M
Other income (expense), net-$38M-$38M-$35M-$33M-$35M-$32M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$575M$542M$615M$652M$678M$620M
Operating income$116M$84M$143M$163M$164M$103M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$78M$46M$108M$130M$129M$71M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$11M$11M$31M$37M$32M$14M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Selling, general and administrative$459M$458M$472M$489M$514M$517M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$1.3B$1.2B$1.4B$1.4B$1.4B$1.4B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.9B$1.7B$2B$2.1B$2.1B$2B