Business Segments · Policy and other operating expenses
Asset Management — Policy and other operating expenses
Apollo Global Management Asset Management — Policy and other operating expenses decreased by 7.8% to $201M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 25.6%, from $160M to $201M. Over 4 years (FY 2021 to FY 2025), Asset Management — Policy and other operating expenses shows an upward trend with a 24.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ1 2026May 7, 2026
Rolls up toOther operating expenses
How to read this metric
Lower expenses relative to total revenue indicate improved operational scale and efficiency.
Detailed definition
General operating costs, excluding direct compensation, required to support the asset management segment's daily operati...
Peer comparison
Standard operating expense category for financial services firms.
Metric ID:
apo_segment_asset_management_policy_and_other_operating_expensesHistorical Data
20 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $79.6M | $76.7M | $94.7M | $98M | $109M | $112M | $137M | $134M | $139M | $150M | $138M | $157M | $176M | $157M | $174M | $160M | $189M | $192M | $218M | $201M |
| QoQ Change | — | -3.6% | +23.5% | +3.5% | +11.2% | +2.8% | +22.3% | -2.2% | +3.7% | +7.9% | -8.0% | +13.8% | +12.1% | -10.8% | +10.8% | -8.0% | +18.1% | +1.6% | +13.5% | -7.8% |
| YoY Change | — | — | — | — | +36.9% | +46.0% | +44.7% | +36.7% | +27.5% | +33.9% | +0.7% | +17.2% | +26.6% | +4.7% | +26.1% | +1.9% | +7.4% | +22.3% | +25.3% | +25.6% |
Range$76.7M – $218M
CAGR+21.5%
Avg YoY Growth+24.0%
Median YoY Growth+25.9%
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Frequently Asked Questions
- What is Apollo Global Management's asset management — policy and other operating expenses?
- Apollo Global Management (APO) reported asset management — policy and other operating expenses of $201M in Q1 2026.
- How has Apollo Global Management's asset management — policy and other operating expenses changed year-over-year?
- Apollo Global Management's asset management — policy and other operating expenses increased by 25.6% year-over-year, from $160M to $201M.
- What is the long-term trend for Apollo Global Management's asset management — policy and other operating expenses?
- Over 4 years (2021 to 2025), Apollo Global Management's asset management — policy and other operating expenses has grown at a 24.8% compound annual growth rate (CAGR), from $313M to $759M.
- What does asset management — policy and other operating expenses mean?
- The non-compensation operating costs required to run the asset management business.