Apollo Global Management Retirement Services — Held-for-trading amortization decreased by 15.2% to $56.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 60.0%, from $35.00M to $56.00M. Over 3 years (FY 2022 to FY 2025), Retirement Services — Held-for-trading amortization shows a downward trend with a -5.7% CAGR.
Stable amortization reflects consistent portfolio management, whereas significant fluctuations may indicate changes in trading strategy or asset turnover.
Refers to the systematic allocation of premiums or discounts on financial instruments classified as held-for-trading wit...
Comparable to 'amortization of trading securities' or 'accretion/amortization of investment premiums' at other financial institutions.
apo_segment_retirement_services_held_for_trading_amortization| 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 | $57.00M | $57.00M | $57.00M | $57.00M | $47.75M | $47.75M | $47.75M | $47.75M | $35.00M | $8.00M | $30.00M | $35.00M | $29.00M | $40.00M | $66.00M | $56.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -16.2% | +0.0% | +0.0% | +0.0% | -26.7% | -77.1% | +275.0% | +16.7% | -17.1% | +37.9% | +65.0% | -15.2% |
| YoY Change | — | — | — | — | -16.2% | -16.2% | -16.2% | -16.2% | -26.7% | -83.2% | -37.2% | -26.7% | -17.1% | +400.0% | +120.0% | +60.0% |