Asset Management — Unrealized profit sharing expense
Apollo Global Management Asset Management — Unrealized profit sharing expense increased by 466.7% to $132.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 148.2%, from -$274.00M to $132.00M. Over 4 years (FY 2021 to FY 2025), Asset Management — Unrealized profit sharing expense shows a downward trend with a -52.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase typically tracks with higher unrealized performance fees, indicating higher future compensation obligations.
Detailed definition
Reflects the portion of unrealized performance fees that is contractually owed to investment professionals or partners....
Peer comparison
Similar to 'accrued carry compensation' or 'profit sharing accruals' at other investment firms.
apo_segment_asset_management_unrealized_profit_sharing_expenseHistorical Data
| 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 | $98.00M | -$41.00M | $3.00M | $191.00M | -$188.00M | -$19.00M | $36.00M | $135.00M | $1.00M | $55.00M | $0.00 | $159.00M | $35.00M | -$65.00M | -$274.00M | -$105.00M | $43.00M | -$36.00M | $132.00M |
| QoQ Change | — | -141.8% | +107.3% | >999% | -198.4% | +89.9% | +289.5% | +275.0% | -99.3% | >999% | -100.0% | — | -78.0% | -285.7% | -321.5% | +61.7% | +141.0% | -183.7% | +466.7% |
| YoY Change | — | — | — | — | -291.8% | +53.7% | >999% | -29.3% | +100.5% | +389.5% | -100.0% | +17.8% | >999% | -218.2% | — | -166.0% | +22.9% | +44.6% | +148.2% |
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Frequently Asked Questions
- What is Apollo Global Management's asset management — unrealized profit sharing expense?
- Apollo Global Management (APO) reported asset management — unrealized profit sharing expense of $132.00M in Q4 2025.
- How has Apollo Global Management's asset management — unrealized profit sharing expense changed year-over-year?
- Apollo Global Management's asset management — unrealized profit sharing expense increased by 148.2% year-over-year, from -$274.00M to $132.00M.
- What is the long-term trend for Apollo Global Management's asset management — unrealized profit sharing expense?
- Over 4 years (2021 to 2025), Apollo Global Management's asset management — unrealized profit sharing expense has grown at a -52.2% compound annual growth rate (CAGR), from $649.00M to $34.00M.
- What does asset management — unrealized profit sharing expense mean?
- The estimated compensation expense owed to staff based on unrealized performance gains.