Asset Management — Equity-based compensation
Apollo Global Management Asset Management — Equity-based compensation increased by 344.6% to $274.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 65.1%, from $166.00M to $274.00M. Over 4 years (FY 2021 to FY 2025), Asset Management — Equity-based compensation shows a downward trend with a -24.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may indicate higher talent retention costs or aggressive incentive programs, while a decrease could signal lower stock-based compensation usage.
Detailed definition
This represents the non-cash expense recognized for equity awards granted to employees and partners within the asset man...
Peer comparison
Standard across all public asset managers as stock-based compensation expense.
apo_segment_asset_management_equity_based_compensationHistorical 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 | $19.00M | $20.00M | $63.00M | $56.00M | $37.00M | $46.00M | $122.00M | $52.00M | $58.00M | $57.00M | $170.00M | $74.00M | $84.00M | $72.00M | $166.00M | -$99.00M | -$102.00M | -$112.00M | $274.00M |
| QoQ Change | — | +5.3% | +215.0% | -11.1% | -33.9% | +24.3% | +165.2% | -57.4% | +11.5% | -1.7% | +198.2% | -56.5% | +13.5% | -14.3% | +130.6% | -159.6% | -3.0% | -9.8% | +344.6% |
| YoY Change | — | — | — | — | +94.7% | +130.0% | +93.7% | -7.1% | +56.8% | +23.9% | +39.3% | +42.3% | +44.8% | +26.3% | -2.4% | -233.8% | -221.4% | -255.6% | +65.1% |
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Frequently Asked Questions
- What is Apollo Global Management's asset management — equity-based compensation?
- Apollo Global Management (APO) reported asset management — equity-based compensation of $274.00M in Q4 2025.
- How has Apollo Global Management's asset management — equity-based compensation changed year-over-year?
- Apollo Global Management's asset management — equity-based compensation increased by 65.1% year-over-year, from $166.00M to $274.00M.
- What is the long-term trend for Apollo Global Management's asset management — equity-based compensation?
- Over 4 years (2021 to 2025), Apollo Global Management's asset management — equity-based compensation has grown at a -24.2% compound annual growth rate (CAGR), from $118.00M to -$39.00M.
- What does asset management — equity-based compensation mean?
- The expense recognized for stock-based awards granted to employees in the asset management business.