APi Group Corporate and Elimination — Net revenues decreased by 6.4% to $1.98B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.3%, from $1.72B to $1.98B. Over 4 years (FY 2021 to FY 2025), Corporate and Elimination — Net revenues shows an upward trend with a 19.0% CAGR.
An increase in the absolute value of negative eliminations typically signals higher intercompany activity, while fluctuations may indicate changes in internal transfer pricing or the scale of cross-segment service delivery.
This metric represents the net revenue adjustments required to reconcile individual operating segment results with the c...
Most diversified industrial and service companies report similar reconciliation lines, often labeled as 'Corporate and Other' or 'Intersegment Eliminations,' which are typically expected to be a net negative or neutral impact on total revenue.
apg_segment_corporate_and_elimination_net_revenues| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$10.00M | -$13.00M | $3.97B | $6.93B | -$15.00M | -$9.00M | $6.60B | -$7.00M | -$9.00M | -$2.00M | $6.95B | $1.60B | $1.73B | $1.83B | $1.86B | $1.72B | $1.99B | $2.09B | $2.12B | $1.98B |
| QoQ Change | — | -30.0% | >999% | +74.5% | -100.2% | +40.0% | >999% | -100.1% | -28.6% | +77.8% | >999% | -77.0% | +8.1% | +5.5% | +1.9% | -7.6% | +15.8% | +4.8% | +1.5% | -6.4% |
| YoY Change | — | — | — | — | -50.0% | +30.8% | +66.2% | -100.1% | +40.0% | +77.8% | +5.3% | >999% | >999% | >999% | -73.2% | +7.4% | +15.0% | +14.2% | +13.8% | +15.3% |