Operating Income
APi Group Operating Income decreased by 37.2% to $103M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.6%, from $84M to $103M. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 42.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved operational efficiency and effective cost management.
Detailed definition
Operating income measures the profit earned from core business operations after deducting both cost of revenue and opera...
Peer comparison
A key metric for comparing the core operational health of companies regardless of their capital structure.
operating_incomeHistorical Data
| 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 | $47M | $41M | $50M | -$7M | $59M | $61M | $49M | $73M | $107M | $104M | $75M | $100M | $126M | $142M | $116M | $84M | $143M | $163M | $164M | $103M |
| QoQ Change | — | -12.8% | +22.0% | -114.0% | +942.9% | +3.4% | -19.7% | +49.0% | +46.6% | -2.8% | -27.9% | +33.3% | +26.0% | +12.7% | -18.3% | -27.6% | +70.2% | +14.0% | +0.6% | -37.2% |
| YoY Change | — | — | — | — | +25.5% | +48.8% | -2.0% | >999% | +81.4% | +70.5% | +53.1% | +37.0% | +17.8% | +36.5% | +54.7% | -16.0% | +13.5% | +14.8% | +41.4% | +22.6% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Safety Services | $190M | $199M | $211M | $199M | $232M | $236M | $249M | $230M |
| Specialty Services | $73M | $78M | $59M | $29M | $71M | $81M | $83M | $39M |
| Total | $126M | $142M | $116M | $84M | $143M | $163M | $164M | $103M |
Corporate and Eliminations was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is APi Group's operating income?
- APi Group (APG) reported operating income of $103M in Q1 2026.
- How has APi Group's operating income changed year-over-year?
- APi Group's operating income increased by 22.6% year-over-year, from $84M to $103M.
- What is the long-term trend for APi Group's operating income?
- Over 4 years (2021 to 2025), APi Group's operating income has grown at a 42.1% compound annual growth rate (CAGR), from $136M to $554M.
- What does operating income mean?
- Profit generated from core business activities before interest and taxes.