APO Apollo Global Management margins

Relative Growth: Rel. Growth: 92

Relative Strength: Rel. Strength: 40

Relative Valuation: Rel. Valuation: 55

Relative Profitability: Rel. Profitability: 45

Gross margin

39%

Operating margin

21%

EBITDA margin

19.2%

Net margin

5.2%

Using the latest TTM figures, Apollo Global Management shows a gross margin of 39%, an operating margin of 21%, an EBITDA margin of 19.2%, and a net margin of 5.2%. Net margin had the largest decline, decreasing by 8.1 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 39.88% gross, 22.55% operating, 20.79% EBITDA, and 13.8% 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 8.1 percentage points, while the other available margins also decreased.

Gross margin expansion

-4.8pp

Operating margin expansion

-3pp

EBITDA margin expansion

-2.3pp

Net margin expansion

-8.1pp

APO Gross margin

Apollo Global Management's gross margin averaged 39.88% across the past 3 years. Apollo Global Management currently reports a gross margin of 39%, 0.9 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 22.55% across the last 3 years. Apollo Global Management currently reports an operating margin of 21%, 1.6 percentage points below its three-year average. Apollo Global Management's operating margin ranged from a low of 16.7% in Dec 2023 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 20.79%. The current EBITDA margin of 19.2% is 1.6 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 15.5% at its lowest in Dec 2023.

APO Net margin

The average net margin for Apollo Global Management was 13.8% over the last 3 years. As of the latest period, the current net margin for Apollo Global Management is 5.2%, 8.6 percentage points below its three-year average. The net margin for Apollo Global Management moved between 3.6% in Mar 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 39%, APO is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 83.9%, Apollo Global Management's gross margin is 54% 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 39% as of Jun 30, 2026.

What is Apollo Global Management's operating margin?

For the period ending Jun 30, 2026, APO recorded an operating margin of 21%.

What is Apollo Global Management's EBITDA margin?

The current EBITDA margin for APO is 19.2% as of Jun 30, 2026.

What is Apollo Global Management's net margin?

For the period ending Jun 30, 2026, APO recorded a net margin of 5.2%.

What are the average margins of APO?

Apollo Global Management's average margins over the last 3 years were 39.9% gross, 22.6% operating, 20.8% EBITDA, and 13.8% 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.