Apollo Global Management Long-Term Debt increased by 5.8% to $13.36B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 26.2%, from $10.59B to $13.36B. Over 4 years (FY 2021 to FY 2025), Long-Term Debt shows an upward trend with a 43.7% CAGR.
An increase indicates higher financial leverage, which can amplify returns on equity but also increases interest expense and financial risk.
Loans and financial obligations with a maturity period exceeding one year, typically consisting of corporate bonds and n...
Capital-intensive firms or those with aggressive share buyback programs often carry higher long-term debt than asset-light competitors.
long_term_debt| 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 | $3.13B | $6.10B | $6.09B | $6.08B | $6.47B | $6.46B | $6.45B | $7.03B | $8.09B | $9.60B | $9.82B | $9.81B | $10.59B | $10.58B | $12.14B | $12.63B | $13.36B |
| QoQ Change | — | +94.7% | -0.2% | -0.2% | +6.4% | -0.1% | -0.2% | +8.9% | +15.2% | +18.6% | +2.3% | -0.1% | +8.0% | -0.1% | +14.8% | +4.0% | +5.8% |
| YoY Change | — | — | — | — | +106.5% | +5.9% | +5.9% | +15.5% | +25.0% | +48.5% | +52.1% | +39.6% | +30.8% | +10.3% | +23.7% | +28.8% | +26.2% |
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Retirement Services | $5.74B | $5.73B | $5.73B | $6.31B | $6.30B | $7.86B | $7.86B | $7.85B |
| Asset Management | $3.84B | $4.07B | $4.25B | — | $4.30B | $4.31B | $0.00 | — |
| Total | $9.60B | $9.82B | $9.81B | $10.59B | $10.58B | $12.14B | $12.63B | $13.36B |