Business Segments · Restricted cash and cash equivalents

Retirement Services — Restricted cash and cash equivalents

Apollo Global Management Retirement Services — Restricted cash and cash equivalents decreased by 51.9% to $1.33B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 41.3%, from $943.00M to $1.33B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Restricted cash and cash equivalents shows an upward trend with a 35.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2025
Rolls up toRestricted Cash

How to read this metric

An increase often reflects higher regulatory requirements or collateral obligations, which may limit operational liquidity.

Detailed definition

Cash and cash equivalents held by the retirement services segment that are not available for general use due to legal, r...

Peer comparison

Standard for insurance and asset management; peers report this as 'Restricted Cash' or 'Collateralized Cash'.

Metric ID: apo_segment_retirement_services_restricted_cash_and_cash_equivalents

Historical Data

17 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$0.00$834.00M$753.00M$1.02B$628.00M$1.15B$2.20B$1.22B$1.76B$1.58B$1.09B$964.00M$943.00M$2.21B$1.72B$2.77B$1.33B
QoQ Change-9.7%+36.0%-38.7%+82.8%+91.9%-44.7%+44.6%-10.6%-30.6%-11.8%-2.2%+134.4%-22.2%+60.9%-51.9%
YoY Change+37.6%+192.6%+18.9%+180.4%+37.2%-50.4%-20.9%-46.5%+40.3%+57.4%+187.0%+41.3%
Range$0.00$2.77B
Avg YoY Growth+56.3%
Median YoY Growth+39.0%

Frequently Asked Questions

What is Apollo Global Management's retirement services — restricted cash and cash equivalents?
Apollo Global Management (APO) reported retirement services — restricted cash and cash equivalents of $1.33B in Q4 2025.
How has Apollo Global Management's retirement services — restricted cash and cash equivalents changed year-over-year?
Apollo Global Management's retirement services — restricted cash and cash equivalents increased by 41.3% year-over-year, from $943.00M to $1.33B.
What is the long-term trend for Apollo Global Management's retirement services — restricted cash and cash equivalents?
Over 3 years (2022 to 2025), Apollo Global Management's retirement services — restricted cash and cash equivalents has grown at a 35.3% compound annual growth rate (CAGR), from $3.24B to $8.03B.
What does retirement services — restricted cash and cash equivalents mean?
Cash that is set aside for specific purposes and cannot be used for general operations.