Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 95.50% is in line with its 5-year average of 94.56%, near the high end of its 5-year range (14.85%–110.37%).
8.56% above its 12-month average of 87.97%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 60.84%.
GROSS MARGIN
95.50%
GROSS MARGIN AVG TTM
87.97%
GROSS MARGIN AVG 3Y
95.55%
GROSS MARGIN AVG 5Y
94.56%
GROSS MARGIN AVG 10Y
75.68%
GROSS MARGIN AVG 15Y
67.83%
GROSS MARGIN AVG 20Y
64.53%
CURRENT VS TTM AVG
+8.56%
CURRENT VS 3Y AVG
-0.05%
CURRENT VS 5Y AVG
+0.99%
CURRENT VS 10Y AVG
+26.18%
CURRENT VS 15Y AVG
+40.79%
CURRENT VS 20Y AVG
+47.99%
SECTOR MEDIAN · FINANCIAL SERVICES
58.58%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+63.04%
vs the sector median at left
Apollo Global Management, Inc.
Market Cap
$74.29B
Gross Margin
95.50%
TTM Avg
87.97%
3Y Avg
95.55%
5Y Avg
94.56%
Market Cap
$75.46B
Gross Margin
70.20%
TTM Avg
70.61%
3Y Avg
74.03%
5Y Avg
78.48%
Market Cap
$78.26B
Gross Margin
34.73%
TTM Avg
28.04%
3Y Avg
25.19%
5Y Avg
25.54%
Market Cap
$82.29B
Gross Margin
71.94%
TTM Avg
67.28%
3Y Avg
66.04%
5Y Avg
67.02%
Market Cap
$65.31B
Gross Margin
33.23%
TTM Avg
28.03%
3Y Avg
19.99%
5Y Avg
22.65%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Apollo Global Management, Inc. (APO) | $74.29B | 95.50% | 87.97% | 95.55% | 94.56% |
| Brookfield Asset Management Ltd. (BAM)vs › | $75.46B | 70.20% | 70.61% | 74.03% | 78.48% |
| VanEck Semiconductor ETF (SMH)vs › | $71.66B | N/A | N/A | N/A | N/A |
| Nu Holdings Ltd. (NU)vs › | $70.81B | 44.03% | 45.39% | 42.27% | 41.02% |
| The Travelers Companies, Inc. (TRV)vs › | $78.26B | 34.73% | 28.04% | 25.19% | 25.54% |
| iShares Russell 2000 ETF (IWM)vs › | $79.46B | N/A | N/A | N/A | N/A |
| Moody's Corporation (MCO)vs › | $82.29B | 71.94% | 67.28% | 66.04% | 67.02% |
| The Allstate Corporation (ALL)vs › | $65.31B | 33.23% | 28.03% | 19.99% | 22.65% |
| Aon plc (AON)vs › | $64.21B | 47.70% | 47.47% | 47.86% | 47.14% |
| Marsh & McLennan Companies, Inc. (MRSH)vs › | $84.42B | 42.38% | 42.53% | 42.30% | 42.12% |
Gross Margin
95.5%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 60.84% |
| 2026-03-31 | 91.83% |
| 2025-12-31 | 95.83% |
| 2025-09-30 | 96.17% |
| 2025-06-30 | 95.16% |
| 2025-03-31 | 94.12% |
| 2024-12-31 | 94.53% |
| 2024-09-30 | 96.26% |
| 2024-06-30 | 95.16% |
| 2024-03-31 | 96.18% |
| 2023-12-31 | 97.64% |
| 2023-09-30 | 90.21% |
| 2023-06-30 | 98.12% |
| 2023-03-31 | 95.19% |
| 2022-12-31 | 110.37% |
| 2022-09-30 | 92.21% |
| 2022-06-30 | 89.76% |
| 2022-03-31 | 14.85% |
| 2021-12-31 | 79.90% |
| 2021-09-30 | 53.53% |
| 2021-06-30 | 56.91% |
| 2021-03-31 | 61.35% |
| 2020-12-31 | 93.71% |
| 2020-09-30 | 83.97% |
| 2020-06-30 | 89.99% |
| 2020-03-31 | 109.48% |
| 2019-12-31 | 47.66% |
| 2019-09-30 | 63.29% |
| 2019-06-30 | 62.83% |
| 2019-03-31 | 57.55% |
| 2018-12-31 | 88.17% |
| 2018-09-30 | 56.33% |
| 2018-06-30 | 57.31% |
| 2018-03-31 | 16.67% |
| 2017-12-31 | 64.42% |
| 2017-09-30 | 61.97% |
| 2017-06-30 | 58.56% |
| 2017-03-31 | 60.56% |
| 2016-12-31 | 55.47% |
| 2016-09-30 | 58.53% |
| 2016-06-30 | 60.41% |
| 2016-03-31 | 39.06% |
| 2015-12-31 | 46.45% |
| 2015-09-30 | 45.88% |
| 2015-06-30 | 50.88% |
| 2015-03-31 | 48.40% |
| 2014-12-31 | 56.72% |
| 2014-09-30 | 55.42% |
| 2014-06-30 | 51.18% |
| 2014-03-31 | 50.45% |
| 2013-12-31 | 64.12% |
| 2013-09-30 | 53.48% |
| 2013-06-30 | 51.73% |
| 2013-03-31 | 58.57% |
| 2012-12-31 | 48.36% |
| 2012-09-30 | 37.27% |
| 2012-06-30 | -11.94% |
| 2012-03-31 | 40.39% |
| 2011-12-31 | 14.93% |
| 2011-09-30 | 85.77% |
| 2011-06-30 | -35.58% |
| 2011-03-31 | 16.29% |
| 2010-12-31 | 41.36% |
| 2010-09-30 | -1.13% |
| 2010-06-30 | -296.06% |
| 2010-03-31 | 100.00% |
| 2009-12-31 | -228.86% |
| 2009-09-30 | -63.00% |
| 2009-06-30 | -141.80% |
| 2008-12-31 | -3975.95% |
| 2008-09-30 | 100.00% |
| 2008-03-31 | -1637.42% |
| 2007-03-31 | 12.36% |