Apollo Global Management Asset Management — Amortization of note discount increased by 50.0% to $6.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 100.0%, from $3.00M to $6.00M. Over 4 years (FY 2021 to FY 2025), Asset Management — Amortization of note discount shows an upward trend with a 20.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Higher amortization reflects higher levels of debt issued at a discount, increasing the effective interest burden.
This represents the non-cash interest expense recognized over the life of debt instruments issued at a discount. It refl...
Standard accounting treatment for debt issued at a discount across all capital-intensive industries.
apo_segment_asset_management_amortization_of_note_discount| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.28M | $6.28M | $6.28M | $17.50M | -$500.00K | -$1.00M | $0.00 | $16.00M | -$1.00M | $15.00M | $4.00M | $33.00M | $8.00M | $0.00 | $3.00M | $44.00M | -$1.00M | $4.00M | $6.00M |
| QoQ Change | — | +0.0% | +0.0% | +178.9% | -102.9% | -100.0% | +100.0% | — | -106.3% | >999% | -73.3% | +725.0% | -75.8% | -100.0% | — | >999% | -102.3% | +500.0% | +50.0% |
| YoY Change | — | — | — | — | -108.0% | -115.9% | -100.0% | -8.6% | -100.0% | >999% | — | +106.3% | +900.0% | -100.0% | -25.0% | +33.3% | -112.5% | — | +100.0% |