Business Segments · Operating Expenses
Asset Management — Operating Expenses
Apollo Global Management Asset Management — Operating Expenses decreased by 13.3% to $1.23B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.2%, from $1.11B to $1.23B. Over 4 years (FY 2021 to FY 2025), Asset Management — Operating Expenses shows an upward trend with a 3.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ1 2026May 7, 2026
Rolls up toTotal Operating Expenses
How to read this metric
Lower operating expenses relative to revenue indicate higher operational efficiency and better margins.
Detailed definition
The total costs incurred to operate the asset management segment, including compensation, administrative overhead, and o...
Peer comparison
Standard operating expense metric used to calculate segment-level operating margins.
Metric ID:
apo_segment_asset_management_operating_expensesHistorical Data
20 periods
| 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 | $747M | $648M | $1.7B | $914M | $497M | $584M | $754M | $898M | $773M | $813M | $1.26B | $958M | $976M | $986M | $1.08B | $1.11B | $1.03B | $1.23B | $1.42B | $1.23B |
| QoQ Change | — | -13.3% | +161.7% | -46.1% | -45.6% | +17.5% | +29.1% | +19.1% | -13.9% | +5.2% | +54.4% | -23.7% | +1.9% | +1.0% | +9.9% | +2.7% | -7.3% | +19.6% | +14.7% | -13.3% |
| YoY Change | — | — | — | — | -33.5% | -9.9% | -55.5% | -1.8% | +55.5% | +39.2% | +66.4% | +6.7% | +26.3% | +21.3% | -13.6% | +16.2% | +5.7% | +25.2% | +30.6% | +10.2% |
Range$497M – $1.7B
CAGR+11.0%
Avg YoY Growth+11.8%
Median YoY Growth+13.2%
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Frequently Asked Questions
- What is Apollo Global Management's asset management — operating expenses?
- Apollo Global Management (APO) reported asset management — operating expenses of $1.23B in Q1 2026.
- How has Apollo Global Management's asset management — operating expenses changed year-over-year?
- Apollo Global Management's asset management — operating expenses increased by 10.2% year-over-year, from $1.11B to $1.23B.
- What is the long-term trend for Apollo Global Management's asset management — operating expenses?
- Over 4 years (2021 to 2025), Apollo Global Management's asset management — operating expenses has grown at a 3.9% compound annual growth rate (CAGR), from $4.11B to $4.8B.
- What does asset management — operating expenses mean?
- The total cost of running the asset management business.