Business Segments · Performance allocations

Asset Management — Performance allocations

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.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ4 2021
Last reportedQ4 2025

How to read this metric

Higher allocations indicate strong fund performance and successful value creation for investors, driving revenue growth.

Detailed definition

Reflects the portion of investment gains allocated to the general partner or manager based on the performance of the und...

Peer comparison

Comparable to 'Performance Fees' or 'Carried Interest' reported by private equity and hedge fund firms.

Metric ID: apo_segment_asset_management_performance_allocations

Historical Data

17 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '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%
Range$2.39B$3.26B
CAGR+4.4%
Avg YoY Growth+6.3%
Median YoY Growth+7.4%

Frequently Asked Questions

What is Apollo Global Management's asset management — performance allocations?
Apollo Global Management (APO) reported asset management — performance allocations of $3.24B in Q4 2025.
How has Apollo Global Management's asset management — performance allocations changed year-over-year?
Apollo Global Management's asset management — performance allocations decreased by 0.7% year-over-year, from $3.26B to $3.24B.
What is the long-term trend for Apollo Global Management's asset management — performance allocations?
Over 3 years (2022 to 2025), Apollo Global Management's asset management — performance allocations has grown at a 6.9% compound annual growth rate (CAGR), from $10.36B to $12.67B.
What does asset management — performance allocations mean?
The share of investment profits earned by the manager for achieving performance targets.