Business Segments · Operating Expenses
Retirement Services — Operating Expenses
Apollo Global Management Retirement Services — Operating Expenses increased by 15.5% to $6.74B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 158.6%, from $2.61B to $6.74B. 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
Rolls up toTotal Operating Expenses
How to read this metric
A decrease in operating expenses relative to revenue signals improved operational leverage and profitability.
Detailed definition
The total cost incurred by the retirement services segment to conduct its business, aggregating administrative, acquisit...
Peer comparison
Standard aggregate expense metric for business segments across all industries.
Metric ID:
apo_segment_retirement_services_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 | $0.00 | $0.00 | $0.00 | $2.48B | $5.44B | $3.85B | $2.96B | $2.68B | $12.06B | $938.00M | $7.92B | $3.93B | $3.61B | $4.83B | $2.61B | $3.23B | $4.69B | $5.84B | $6.74B |
| QoQ Change | — | — | — | — | +119.8% | -29.3% | -23.2% | -9.6% | +350.6% | -92.2% | +744.3% | -50.3% | -8.3% | +33.9% | -46.0% | +23.9% | +45.1% | +24.5% | +15.5% |
| YoY Change | — | — | — | — | — | — | — | +8.0% | +121.5% | -75.6% | +167.7% | +47.0% | -70.1% | +414.9% | -67.1% | -17.9% | +29.9% | +20.8% | +158.6% |
Range$0.00 – $12.06B
Avg YoY Growth+61.5%
Median YoY Growth+25.4%
Current Streak4 quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's retirement services — operating expenses?
- Apollo Global Management (APO) reported retirement services — operating expenses of $6.74B in Q4 2025.
- How has Apollo Global Management's retirement services — operating expenses changed year-over-year?
- Apollo Global Management's retirement services — operating expenses increased by 158.6% year-over-year, from $2.61B to $6.74B.
- What does retirement services — operating expenses mean?
- The total cost of operating the retirement services segment.