Business Segments · Total Valuation Allowance
Asset Management — Total Valuation Allowance
Apollo Global Management Asset Management — Total Valuation Allowance increased by 100.0% to $54M in Q4 2025 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2022
Last reportedQ4 2025Feb 25, 2026
Rolls up toTax Credit Carryforward Valuation Allowance
How to read this metric
An increase in the allowance suggests management is less confident in the ability to utilize tax assets, which is a negative signal.
Detailed definition
This is a contra-asset account that reduces the total deferred tax assets to the amount that is more likely than not to...
Peer comparison
Standard tax valuation allowance reporting for all companies with deferred tax assets.
Metric ID:
apo_segment_asset_management_total_valuation_allowanceHistorical Data
4 periods
| Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|
| Value | $0 | $8M | $27M | $54M |
| QoQ Change | — | — | +237.5% | +100.0% |
| YoY Change | — | — | +237.5% | +100.0% |
Range$0 – $54M
Avg YoY Growth+168.8%
Median YoY Growth+168.8%
Current Streak2+ quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's asset management — total valuation allowance?
- Apollo Global Management (APO) reported asset management — total valuation allowance of $54M in Q4 2025.
- What does asset management — total valuation allowance mean?
- A reserve account that reduces the value of deferred tax assets based on the likelihood of realization.