Business Segments · Fee Related Compensation

Asset Management — Fee Related Compensation

Apollo Global Management Asset Management — Fee Related Compensation increased by 10.5% to $336.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 48.0%, from $227.00M to $336.00M. Over 4 years (FY 2021 to FY 2025), Asset Management — Fee Related Compensation shows an upward trend with a 15.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ4 2025

How to read this metric

Lower ratios relative to fee revenue indicate higher operational efficiency and better margins.

Detailed definition

The portion of total compensation and benefits directly attributable to the personnel managing the fee-earning assets. T...

Peer comparison

A key metric for analyzing the operating leverage of asset management firms.

Metric ID: apo_segment_asset_management_fee_related_compensation

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$161.60M$160.70M$176.60M$175.40M$187.20M$193.80M$197.10M$211.00M$212.00M$212.00M$200.00M$220.00M$240.00M$238.00M$227.00M$259.00M$279.00M$304.00M$336.00M
QoQ Change-0.6%+9.9%-0.7%+6.7%+3.5%+1.7%+7.1%+0.5%+0.0%-5.7%+10.0%+9.1%-0.8%-4.6%+14.1%+7.7%+9.0%+10.5%
YoY Change+15.8%+20.6%+11.6%+20.3%+13.2%+9.4%+1.5%+4.3%+13.2%+12.3%+13.5%+17.7%+16.3%+27.7%+48.0%
Range$160.70M$336.00M
CAGR+17.7%
Avg YoY Growth+16.4%
Median YoY Growth+13.5%
Current Streak4 quarters growth

Frequently Asked Questions

What is Apollo Global Management's asset management — fee related compensation?
Apollo Global Management (APO) reported asset management — fee related compensation of $336.00M in Q4 2025.
How has Apollo Global Management's asset management — fee related compensation changed year-over-year?
Apollo Global Management's asset management — fee related compensation increased by 48.0% year-over-year, from $227.00M to $336.00M.
What is the long-term trend for Apollo Global Management's asset management — fee related compensation?
Over 4 years (2021 to 2025), Apollo Global Management's asset management — fee related compensation has grown at a 15.9% compound annual growth rate (CAGR), from $653.30M to $1.18B.
What does asset management — fee related compensation mean?
Compensation costs specifically for the team managing fee-generating assets.