Apollo Global Management Retirement Services — Trading securities increased by 19.7% to $6.41B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 178.5%, from $2.30B to $6.41B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Trading securities shows an upward trend with a 40.6% CAGR.
An increase suggests a more active, short-term trading strategy, whereas a decrease indicates a shift toward longer-term hold-to-maturity assets.
The fair value of financial instruments held specifically for the purpose of active trading rather than long-term invest...
Standard line item for financial institutions holding trading portfolios under GAAP/IFRS.
apo_segment_retirement_services_trading_securities| 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 | $1.85B | $1.74B | $1.59B | $1.60B | $1.65B | $1.63B | $2.13B | $2.14B | $2.03B | $2.23B | $2.38B | $2.30B | $3.01B | $4.06B | $5.35B | $6.41B |
| QoQ Change | — | -6.3% | -8.4% | +0.3% | +3.6% | -1.5% | +31.0% | +0.1% | -4.8% | +9.8% | +6.5% | -3.3% | +30.9% | +34.8% | +31.8% | +19.7% |
| YoY Change | — | — | — | — | -10.8% | -6.2% | +34.2% | +33.9% | +23.1% | +37.2% | +11.5% | +7.7% | +48.0% | +81.8% | +125.0% | +178.5% |