Filing Flows › Apollo Global Management (APO) › Operating margin
Apollo Global Management (APO) operating margin by quarter
Apollo Global Management's operating margin was 22.3% in Q2 2026 (second quarter 2026), +4.5 pts from Q4 2025. Over the last 5 quarters it ranged from 12.4% (Q2 2025) to 29.5% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 22.3% | +4.5 pts | +9.9 pts |
| Q4 2025 | 17.8% | -11.8 pts | — |
| Q3 2025 | 29.5% | +17.1 pts | — |
| Q2 2025 | 12.4% | -8.9 pts | — |
| Q1 2025 | 21.3% | — | — |
Q2 2026 at a glance
Apollo Global Management, Q2 2026: revenue $11.2B (+64% year over year), operating margin 22.3%, net earnings $1.4B, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.
Questions
What is Apollo Global Management's operating margin?
Apollo Global Management's operating margin was 22.3% in Q2 2026 (second quarter 2026), +4.5 pts from Q4 2025.
How has Apollo Global Management's operating margin changed?
Over the last 5 quarters it ranged from 12.4% (Q2 2025) to 29.5% (Q3 2025).
Q2 2026 results → · How Apollo Global Management makes money →