Apollo Global Management Asset Management — Compensation and benefits increased by 16.3% to $885.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.9%, from $732.00M to $885.00M. Over 4 years (FY 2021 to FY 2025), Asset Management — Compensation and benefits shows a downward trend with a -3.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising costs may indicate headcount growth or higher performance-based payouts, which should correlate with revenue growth.
Total personnel-related expenses for the asset management segment, including salaries, bonuses, and equity-based compens...
Standard operating expense line item for all professional services and asset management firms.
apo_segment_asset_management_compensation_and_benefits| 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 | $596.00M | $501.00M | $1.51B | $734.00M | $309.00M | $386.00M | $514.00M | $670.00M | $516.00M | $557.00M | $979.00M | $667.00M | $604.00M | $605.00M | $732.00M | $745.00M | $602.00M | $761.00M | $885.00M |
| QoQ Change | — | -15.9% | +201.2% | -51.4% | -57.9% | +24.9% | +33.2% | +30.4% | -23.0% | +7.9% | +75.8% | -31.9% | -9.4% | +0.2% | +21.0% | +1.8% | -19.2% | +26.4% | +16.3% |
| YoY Change | — | — | — | — | -48.2% | -23.0% | -65.9% | -8.7% | +67.0% | +44.3% | +90.5% | -0.4% | +17.1% | +8.6% | -25.2% | +11.7% | -0.3% | +25.8% | +20.9% |