Business Segments · Policy and other operating expenses
Asset Management — Policy and other operating expenses
Apollo Global Management Asset Management — Policy and other operating expenses increased by 13.5% to $218.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.3%, from $174.00M to $218.00M. 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 increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ4 2025
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
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $79.60M | $76.70M | $94.90M | $98.30M | $108.40M | $112.10M | $137.20M | $134.00M | $139.00M | $150.00M | $138.00M | $157.00M | $176.00M | $157.00M | $174.00M | $160.00M | $189.00M | $192.00M | $218.00M |
| QoQ Change | — | -3.6% | +23.7% | +3.6% | +10.3% | +3.4% | +22.4% | -2.3% | +3.7% | +7.9% | -8.0% | +13.8% | +12.1% | -10.8% | +10.8% | -8.0% | +18.1% | +1.6% | +13.5% |
| YoY Change | — | — | — | — | +36.2% | +46.2% | +44.6% | +36.3% | +28.2% | +33.8% | +0.6% | +17.2% | +26.6% | +4.7% | +26.1% | +1.9% | +7.4% | +22.3% | +25.3% |
Range$76.70M – $218.00M
CAGR+25.1%
Avg YoY Growth+23.8%
Median YoY Growth+26.1%
Current Streak3 quarters growth
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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 $218.00M in Q4 2025.
- 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 25.3% year-over-year, from $174.00M to $218.00M.
- 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 $313.20M to $759.00M.
- What does asset management — policy and other operating expenses mean?
- The non-compensation operating costs required to run the asset management business.