Asset Management — Unrealized performance fees
Apollo Global Management Asset Management — Unrealized performance fees decreased by 274.9% to -$362.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 809.8%, from $51.00M to -$362.00M. Over 3 years (FY 2021 to FY 2025), Asset Management — Unrealized performance fees shows a downward trend with a -64.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong portfolio performance and future revenue potential, while a decrease may indicate market volatility or asset value declines.
Detailed definition
Represents performance-based fees that have been accrued based on the current fair value of assets under management but...
Peer comparison
Common in private equity and alternative asset managers as 'accrued carried interest'.
apo_segment_asset_management_unrealized_performance_feesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $280.00M | -$159.00M | $54.00M | $445.00M | -$488.00M | -$66.00M | $111.00M | $239.00M | -$86.00M | $91.00M | $268.00M | $86.00M | -$141.00M | $51.00M | $119.00M | -$28.00M | $207.00M | -$362.00M |
| QoQ Change | — | -156.8% | +134.0% | +724.1% | -209.7% | +86.5% | +268.2% | +115.3% | -136.0% | +205.8% | +194.5% | -67.9% | -264.0% | +136.2% | +133.3% | -123.5% | +839.3% | -274.9% |
| YoY Change | — | — | — | — | -274.3% | +58.5% | +105.6% | -46.3% | +82.4% | +237.9% | +12.1% | +200.0% | -254.9% | — | -55.6% | -132.6% | +246.8% | -809.8% |
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Frequently Asked Questions
- What is Apollo Global Management's asset management — unrealized performance fees?
- Apollo Global Management (APO) reported asset management — unrealized performance fees of -$362.00M in Q4 2025.
- How has Apollo Global Management's asset management — unrealized performance fees changed year-over-year?
- Apollo Global Management's asset management — unrealized performance fees decreased by 809.8% year-over-year, from $51.00M to -$362.00M.
- What is the long-term trend for Apollo Global Management's asset management — unrealized performance fees?
- Over 3 years (2021 to 2025), Apollo Global Management's asset management — unrealized performance fees has grown at a -64.8% compound annual growth rate (CAGR), from $1.47B to -$64.00M.
- What does asset management — unrealized performance fees mean?
- Accrued performance fees from managed assets that have not yet been converted to cash.