Apollo Global Management Asset Management — Performance allocations decreased by 0.3% to $3.24B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.7%, from $3.26B to $3.24B. Over 3 years (FY 2022 to FY 2025), Asset Management — Performance allocations shows an upward trend with a 6.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Higher allocations indicate strong fund performance and successful value creation for investors, driving revenue growth.
Reflects the portion of investment gains allocated to the general partner or manager based on the performance of the und...
Comparable to 'Performance Fees' or 'Carried Interest' reported by private equity and hedge fund firms.
apo_segment_asset_management_performance_allocations| 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 | $2.73B | $2.95B | $2.46B | $2.39B | $2.57B | $2.81B | $2.81B | $2.90B | $2.94B | $3.01B | $3.11B | $3.01B | $3.26B | $3.11B | $3.07B | $3.25B | $3.24B |
| QoQ Change | — | +7.8% | -16.7% | -2.7% | +7.7% | +9.0% | -0.0% | +3.2% | +1.6% | +2.5% | +3.2% | -3.3% | +8.6% | -4.6% | -1.3% | +5.8% | -0.3% |
| YoY Change | — | — | — | — | -5.8% | -4.8% | +14.3% | +21.2% | +14.3% | +7.4% | +10.8% | +3.8% | +10.9% | +3.3% | -1.2% | +8.1% | -0.7% |