What is Apollo Global Management's deferred tax assets, valuation allowance?

Apollo Global Management (APO) reported deferred tax assets, valuation allowance of $251.00M in Q4 2025.

What does deferred tax assets, valuation allowance mean?

The portion of tax assets that the company expects it will not be able to use to reduce future tax payments.

Deferred Tax Assets, Valuation Allowance

Apollo Global Management Deferred Tax Assets, Valuation Allowance increased by 234.7% to $251.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 234.7%, from $75.00M to $251.00M. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2017

Last reportedQ4 2025

How to read this metric

An increase suggests management has lower confidence in generating sufficient future taxable income to utilize tax assets, while a decrease suggests improved tax planning or earnings outlook.

Detailed definition

This represents the portion of deferred tax assets that the company estimates will more likely than not remain unrealiza...

Peer comparison

Peers in the utility sector typically maintain low valuation allowances due to the predictable, regulated nature of their earnings.

Metric ID: other_deferred_tax_assets_valuation_allowance

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$0.00	$105.00M	$33.00M	$75.00M	$251.00M
QoQ Change	—	—	-68.6%	+127.3%	+234.7%
YoY Change	—	—	-68.6%	+127.3%	+234.7%

Range$0.00 – $251.00M

Avg YoY Growth+97.8%

Median YoY Growth+127.3%

Current Streak2 quarters growth

Business Segments

View all

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Retirement Services	$0.00	$105.00M	$25.00M	$48.00M	$197.00M
Total	$0.00	$105.00M	$33.00M	$75.00M	$251.00M

Deferred Tax Assets, Valuation Allowance at Other Companies

BlackstoneBX View metric

Bank of New York MellonBK View metric

PNC Financial ServicesPNC View metric

Frequently Asked Questions

What is Apollo Global Management's deferred tax assets, valuation allowance?: Apollo Global Management (APO) reported deferred tax assets, valuation allowance of $251.00M in Q4 2025.
How has Apollo Global Management's deferred tax assets, valuation allowance changed year-over-year?: Apollo Global Management's deferred tax assets, valuation allowance increased by 234.7% year-over-year, from $75.00M to $251.00M.
What does deferred tax assets, valuation allowance mean?: The portion of tax assets that the company expects it will not be able to use to reduce future tax payments.