APi profit margin APG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.
- Net margin, 12 months
- 4.1%
- Operating margin, 12 months
- 7.2%
- Net margin on a year earlier
- +0.7 pts
- Peer median
- 12.8%
Over the twelve months to Jun 30, 2026, APi kept 4.1% of its revenue as net profit, with an operating margin of 7.2% and a gross margin of 31.4%.
Five years earlier its net margin was 0.5%.
The median for 10 travel stocks of a similar size is 12.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 3.8% | 7.0% | 31.4% |
| FY2024 | 3.6% | 6.9% | 31.0% |
| FY2023 | 2.2% | 5.2% | 28.0% |
| FY2022 | 1.1% | 2.5% | 26.1% |
| FY2021 | 1.2% | 3.5% | 23.8% |
| FY2020 | −4.3% | −4.6% | 21.1% |
| FY2019 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 4.1% | +0.7 pts | 7.2% | |
| Q1 FY26 | 4.0% | +0.6 pts | 7.0% | |
| Q4 FY25 | 3.8% | +0.3 pts | 7.0% | |
| Q3 FY25 | 3.6% | +0.5 pts | 6.6% | |
| Q2 FY25 | 3.4% | +0.5 pts | 6.6% | |
| Q1 FY25 | 3.4% | +0.9 pts | 6.6% | |
| Q4 FY24 | 3.6% | +1.4 pts | 6.9% | |
| Q3 FY24 | 3.0% | +0.8 pts | 6.4% | |
| Q2 FY24 | 2.8% | +1.0 pts | 5.9% | |
| Q1 FY24 | 2.5% | +0.9 pts | 5.6% | |
| Q4 FY23 | 2.2% | +1.1 pts | 5.2% | |
| Q3 FY23 | 2.2% | +1.1 pts | 4.8% |
Against its peers
Companies in Travel Services nearest APi's size, closest first, today.
| Company | Profit margin |
|---|---|
| APGAPi | 4.1% |
| ROLRollins | 13.6% |
| EXPEExpedia | 13.0% |
| CCLCarnival | 11.4% |
| KEXKirby | 10.2% |
| NCLHNorwegian Cruise Line | 7.5% |
| MATXMatson | 13.4% |
| GATXGatx | n/m |
| FTDRFrontdoor | 12.8% |
| GXOGXO Logistics | 1.0% |
| INSWInternational Seaways | 62.0% |
| Peer median | 12.8% |
Where APi ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on APi
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.