Business Segments · Basis difference in investments
Asset Management — Basis difference in investments
Apollo Global Management Asset Management — Basis difference in investments increased by 25.8% to $317M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.8%, from $252M to $317M.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2025Feb 25, 2026
Rolls up toTotal investment securities
How to read this metric
Large differences may indicate significant unrealized gains or losses that will impact future tax liabilities upon realization.
Detailed definition
This refers to the difference between the carrying value of investments for financial reporting purposes and their tax b...
Peer comparison
Common in investment management firms with complex tax and accounting structures.
Metric ID:
apo_segment_asset_management_basis_difference_in_investmentsHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $193M | $70M | $163M | $252M | $317M |
| QoQ Change | — | -63.7% | +132.9% | +54.6% | +25.8% |
| YoY Change | — | -63.7% | +132.9% | +54.6% | +25.8% |
Range$70M – $317M
CAGR+64.2%
Avg YoY Growth+37.4%
Median YoY Growth+40.2%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's asset management — basis difference in investments?
- Apollo Global Management (APO) reported asset management — basis difference in investments of $317M in Q4 2025.
- How has Apollo Global Management's asset management — basis difference in investments changed year-over-year?
- Apollo Global Management's asset management — basis difference in investments increased by 25.8% year-over-year, from $252M to $317M.
- What does asset management — basis difference in investments mean?
- The difference between the accounting value and the tax value of investment assets.