Cash & Equivalents
Apollo Global Management Cash & Equivalents decreased by 2.9% to $20.59B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.3%, from $17.11B to $20.59B. Over 5 years (FY 2020 to FY 2025), Cash & Equivalents shows an upward trend with a 52.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical 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 | $4.16B | $3.82B | $2.09B | $12.43B | $14.51B | $13.24B | $11.13B | $18.09B | $14.78B | $14.43B | $17.69B | $19.72B | $17.98B | $17.63B | $17.11B | $15.51B | $14.97B | $21.20B | $20.59B |
| QoQ Change | — | -8.2% | -45.3% | +495.5% | +16.7% | -8.8% | -15.9% | +62.5% | -18.3% | -2.4% | +22.6% | +11.4% | -8.8% | -2.0% | -2.9% | -9.3% | -3.5% | +41.6% | -2.9% |
| YoY Change | — | — | — | — | +249.2% | +246.9% | +433.0% | +45.4% | +1.9% | +9.0% | +59.0% | +9.0% | +21.6% | +22.2% | -3.3% | -21.3% | -16.7% | +20.3% | +20.3% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Retirement Services | $15.25B | $13.00B | $13.59B | $12.73B | $11.02B | $10.33B | $14.18B | $14.99B |
| Asset Management | $2.47B | $2.85B | $2.67B | — | $1.87B | $2.38B | $2.77B | — |
| Total | $19.72B | $17.98B | $17.63B | $17.11B | $15.51B | $14.97B | $21.20B | $20.59B |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's cash & equivalents?
- Apollo Global Management (APO) reported cash & equivalents of $20.59B in Q4 2025.
- How has Apollo Global Management's cash & equivalents changed year-over-year?
- Apollo Global Management's cash & equivalents increased by 20.3% year-over-year, from $17.11B to $20.59B.
- What is the long-term trend for Apollo Global Management's cash & equivalents?
- Over 5 years (2020 to 2025), Apollo Global Management's cash & equivalents has grown at a 52.9% compound annual growth rate (CAGR), from $2.47B to $20.59B.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.