Incentive fees — Revenue
Apollo Global Management Incentive fees — Revenue increased by 88.2% to $96.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 128.6%, from $42.00M to $96.00M. Over 3 years (FY 2022 to FY 2025), Incentive fees — Revenue shows an upward trend with a 108.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates strong investment performance and successful realization of portfolio gains, while a decrease suggests lower performance or fewer exit opportunities in the current period.
Detailed definition
This metric represents the performance-based fees earned by an alternative asset manager for exceeding specific investme...
Peer comparison
Comparable to 'Carried Interest' or 'Performance Fees' reported by other alternative asset managers and private equity firms.
apo_segment_incentive_fees_revenuesHistorical Data
| 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 | $6.75M | $6.75M | $6.75M | $6.75M | $15.00M | $26.00M | $18.00M | $21.00M | $26.00M | $47.00M | $35.00M | $42.00M | $40.00M | $58.00M | $51.00M | $96.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +122.2% | +73.3% | -30.8% | +16.7% | +23.8% | +80.8% | -25.5% | +20.0% | -4.8% | +45.0% | -12.1% | +88.2% |
| YoY Change | — | — | — | — | +122.2% | +285.2% | +166.7% | +211.1% | +73.3% | +80.8% | +94.4% | +100.0% | +53.8% | +23.4% | +45.7% | +128.6% |
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Frequently Asked Questions
- What is Apollo Global Management's incentive fees — revenue?
- Apollo Global Management (APO) reported incentive fees — revenue of $96.00M in Q4 2025.
- How has Apollo Global Management's incentive fees — revenue changed year-over-year?
- Apollo Global Management's incentive fees — revenue increased by 128.6% year-over-year, from $42.00M to $96.00M.
- What is the long-term trend for Apollo Global Management's incentive fees — revenue?
- Over 3 years (2022 to 2025), Apollo Global Management's incentive fees — revenue has grown at a 108.6% compound annual growth rate (CAGR), from $27.00M to $245.00M.
- What does incentive fees — revenue mean?
- Performance-based fees earned by the investment manager for achieving specific investment return targets.