APO Apollo Global Management margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 28

Gross margin

32.8%

Operating margin

10.9%

EBITDA margin

11.3%

Net margin

-3%

Apollo Global Management has its net margin is negative at -3%, alongside a gross margin of 32.8%, an operating margin of 10.9%, an EBITDA margin of 11.3%, and a net margin of -3%. Net margin had the largest decline, decreasing by 18.6 percentage points, while the other available margins also declined.

APO margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Apollo Global Management recorded average margins of 39.29% gross, 21.58% operating, 20% EBITDA, and 12.4% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

APO margin expansion

Year-over-year margin changes in percentage points

Net margin led the decline, falling by 18.6 percentage points, while the other available margins also decreased.

Gross margin expansion

-11.9pp

Operating margin expansion

-14.2pp

EBITDA margin expansion

-12.8pp

Net margin expansion

-18.6pp

APO Gross margin

Apollo Global Management's gross margin averaged 39.29% across the past 3 years. Apollo Global Management currently reports a gross margin of 32.8%, 6.5 percentage points below its three-year average. Over the last 3 years, Apollo Global Management's gross margin peaked at 46.2% in Dec 2024 and reached a low of 29.8% in Dec 2023.

APO Operating margin

Apollo Global Management recorded an average operating margin of 21.58% across the last 3 years. Apollo Global Management currently reports an operating margin of 10.9%, 10.7 percentage points below its three-year average. Apollo Global Management's operating margin ranged from a low of 10.9% in Sep 2026 to a high of 28.2% in Dec 2024.

APO EBITDA margin

Looking at the last 3 years, Apollo Global Management had an average EBITDA margin of 20%. The current EBITDA margin of 11.3% is 8.7 percentage points below its three-year average. Looking back over the last 3 years, Apollo Global Management's EBITDA margin reached 26.6% at its highest point in Dec 2024 and 11.3% at its lowest in Sep 2026.

APO Net margin

The average net margin for Apollo Global Management was 12.4% over the last 3 years. As of the latest period, the current net margin for Apollo Global Management is -3%, 15.4 percentage points below its three-year average. The net margin for Apollo Global Management moved between -3% in Sep 2026 and 21.4% in Jun 2024.

APO margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 32.8%, APO is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 83.5%, Apollo Global Management's gross margin is 61% lower.

APO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Apollo Global Management's gross margin?

The current gross margin for APO is 32.8% as of Sep 30, 2026.

What is Apollo Global Management's operating margin?

For the period ending Sep 30, 2026, APO recorded an operating margin of 10.9%.

What is Apollo Global Management's EBITDA margin?

The current EBITDA margin for APO is 11.3% as of Sep 30, 2026.

What is Apollo Global Management's net margin?

As of Sep 30, 2026, APO has a net margin of -3%.

What are the average margins of APO?

Apollo Global Management's average margins over the last 3 years were 39.3% gross, 21.6% operating, 20.0% EBITDA, and 12.4% net.

What are the highest historical margins of APO?

Looking back across 5 years, APO reached 100% gross in Dec 2021, 33.2% operating in Dec 2021, 43.7% EBITDA in Dec 2021, and 30.9% net in Dec 2021.

What are the lowest historical margins of APO?

In the last 5 years, the lowest margins reported by APO were -35.8% gross in Sep 2022, -92.8% operating in Jun 2022, -37.1% EBITDA in Sep 2022, and -32.2% net in Sep 2022.