Apollo Global Management Principal Investing — Policy and other operating expenses increased by 14.3% to $16.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.3%, from $14.00M to $16.00M. Over 4 years (FY 2021 to FY 2025), Principal Investing — Policy and other operating expenses shows an upward trend with a 10.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses relative to segment revenue may indicate declining operational efficiency.
These are the administrative and operational costs required to support the Principal Investing segment, excluding direct...
Comparable to 'General and Administrative' (G&A) or 'Operating Expenses' in segment reporting.
apo_segment_principal_investing_policy_and_other_operating_expenses| 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 | $14.80M | $11.80M | $8.30M | $10.60M | $13.10M | $13.90M | $18.20M | $14.00M | $14.00M | $14.00M | $14.00M | $14.00M | $15.00M | $17.00M | $14.00M | $16.00M | $17.00M | $14.00M | $16.00M |
| QoQ Change | — | -20.3% | -29.7% | +27.7% | +23.6% | +6.1% | +30.9% | -23.1% | +0.0% | +0.0% | +0.0% | +0.0% | +7.1% | +13.3% | -17.6% | +14.3% | +6.3% | -17.6% | +14.3% |
| YoY Change | — | — | — | — | -11.5% | +17.8% | +119.3% | +32.1% | +6.9% | +0.7% | -23.1% | +0.0% | +7.1% | +21.4% | +0.0% | +14.3% | +13.3% | -17.6% | +14.3% |