Business Segments · Equity-based profit sharing expense

Asset Management — Equity-based profit sharing expense

Apollo Global Management Asset Management — Equity-based profit sharing expense decreased by 208.6% to -$108.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 23.4%, from -$141.00M to -$108.00M. Over 2 years (FY 2023 to FY 2025), Asset Management — Equity-based profit sharing expense shows an upward trend with a -6.0% CAGR.

Analysis

StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2023
Last reportedQ4 2025

How to read this metric

High levels reflect significant incentive alignment, though they represent a dilution or cost to current shareholders.

Detailed definition

Expenses related to profit-sharing arrangements paid in the form of equity or equity-linked instruments to employees or...

Peer comparison

Common in private equity and alternative asset management where talent retention is tied to investment success.

Metric ID: apo_segment_asset_management_equity_based_profit_sharing_expense

Historical Data

12 periods
 Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value-$59.75M-$59.75M-$59.75M-$59.75M-$94.00M-$45.00M-$41.00M-$141.00M-$30.00M-$38.00M-$35.00M-$108.00M
QoQ Change+0.0%+0.0%+0.0%-57.3%+52.1%+8.9%-243.9%+78.7%-26.7%+7.9%-208.6%
YoY Change-57.3%+24.7%+31.4%-136.0%+68.1%+15.6%+14.6%+23.4%
Range-$141.00M-$30.00M
CAGR+24.0%
Avg YoY Growth-1.9%
Median YoY Growth+19.5%

Frequently Asked Questions

What is Apollo Global Management's asset management — equity-based profit sharing expense?
Apollo Global Management (APO) reported asset management — equity-based profit sharing expense of -$108.00M in Q4 2025.
How has Apollo Global Management's asset management — equity-based profit sharing expense changed year-over-year?
Apollo Global Management's asset management — equity-based profit sharing expense increased by 23.4% year-over-year, from -$141.00M to -$108.00M.
What is the long-term trend for Apollo Global Management's asset management — equity-based profit sharing expense?
Over 2 years (2023 to 2025), Apollo Global Management's asset management — equity-based profit sharing expense has grown at a -6.0% compound annual growth rate (CAGR), from -$239.00M to -$211.00M.
What does asset management — equity-based profit sharing expense mean?
Costs associated with paying employees or partners through equity-based profit sharing.