Goodwill
Apollo Global Management Goodwill increased by 36.8% to $5.92B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 36.8%, from $4.33B to $5.92B. Over 4 years (FY 2021 to FY 2025), Goodwill shows an upward trend with a 166.7% CAGR.
Analysis
How to read this metric
High goodwill indicates a history of aggressive M&A; significant write-downs signal that acquired assets are underperforming expectations.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Common in industries with high M&A activity; peers are compared based on the ratio of goodwill to total equity.
goodwillHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|
| Value | $117.00M | $4.30B | $4.42B | $4.32B | $4.32B | $4.33B | $4.33B | $5.92B |
| QoQ Change | — | >999% | +2.7% | -2.2% | +0.0% | +0.2% | -0.0% | +36.8% |
| YoY Change | — | — | — | — | >999% | +0.2% | -0.0% | +36.8% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Retirement Services | $4.06B | $4.06B | $4.07B | $4.06B | $4.07B | $4.08B | $4.07B | $4.07B |
| Principal Investing | — | — | — | $32.00M | — | — | — | $32.00M |
| Asset Management | $264.00M | $264.00M | $264.00M | — | $264.00M | $264.00M | $1.83B | — |
| Total | — | — | — | $4.33B | — | — | — | $5.92B |
Principal Investing was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's goodwill?
- Apollo Global Management (APO) reported goodwill of $5.92B in Q4 2025.
- How has Apollo Global Management's goodwill changed year-over-year?
- Apollo Global Management's goodwill increased by 36.8% year-over-year, from $4.33B to $5.92B.
- What is the long-term trend for Apollo Global Management's goodwill?
- Over 4 years (2021 to 2025), Apollo Global Management's goodwill has grown at a 166.7% compound annual growth rate (CAGR), from $117.00M to $5.92B.
- What does goodwill mean?
- The premium paid for an acquisition above the value of its tangible and identifiable assets.