Business Segments · Policy and other operating expenses
Retirement Services — Policy and other operating expenses
Apollo Global Management Retirement Services — Policy and other operating expenses increased by 159.0% to $1.48B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1179.3%, from $116.00M to $1.48B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ4 2025
How to read this metric
Lower expenses relative to total revenue indicate higher operational efficiency and better profit margins.
Detailed definition
Covers the day-to-day administrative and operational costs required to manage the retirement services business, excludin...
Peer comparison
Standard operating expense metric for any financial services business segment.
Metric ID:
apo_segment_retirement_services_policy_and_other_operating_expensesHistorical Data
19 periods
| 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 | $0.00 | $0.00 | $0.00 | $108.70M | $109.10M | $117.10M | $1.04B | $124.00M | $117.00M | $121.00M | $119.00M | $114.00M | $116.00M | $112.00M | $116.00M | $114.00M | $107.00M | $573.00M | $1.48B |
| QoQ Change | — | — | — | — | +0.4% | +7.3% | +784.8% | -88.0% | -5.6% | +3.4% | -1.7% | -4.2% | +1.8% | -3.4% | +3.6% | -1.7% | -6.1% | +435.5% | +159.0% |
| YoY Change | — | — | — | — | — | — | — | +14.1% | +7.2% | +3.3% | -88.5% | -8.1% | -0.9% | -7.4% | -2.5% | +0.0% | -7.8% | +411.6% | >999% |
Range$0.00 – $1.48B
Avg YoY Growth+125.0%
Median YoY Growth-0.4%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's retirement services — policy and other operating expenses?
- Apollo Global Management (APO) reported retirement services — policy and other operating expenses of $1.48B in Q4 2025.
- How has Apollo Global Management's retirement services — policy and other operating expenses changed year-over-year?
- Apollo Global Management's retirement services — policy and other operating expenses increased by 1179.3% year-over-year, from $116.00M to $1.48B.
- What does retirement services — policy and other operating expenses mean?
- The general administrative and operational costs of running the retirement services segment.