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Brookfield Asset Management (BAM) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Brookfield Asset Management (BAM) Q2 2026 earnings results →
Q2 2026 Revenue up 61% year over year to $1.8B · 67¢ of every $1 of revenue kept as net profit · operating margin 62.4%
Brookfield Asset Management made $1.8B in Q2 2026 (+61% Y/Y): Other revenues $706M, Infrastructure $357M, Real estate $236M. Operating margin 62.4%, net earnings $1.2B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.8B in Q2 2026, up 61% year over year and up 31% from the previous quarter. Infrastructure was the largest line at 20% of revenue. Infrastructure added $0.04B year over year (up 13%), 6% of the total change.
Operating profit was $1.1B, a 62.4% margin (up 13.5 points year over year). Of the extra revenue versus Q2 2025, 85% reached operating profit, above the 49% margin then. Total costs grew 18% against revenue growth of 61%. The fastest-growing cost line was General & admin (+39%). Net earnings were $1.2B, up 101% year over year. The effective tax rate was 12.1%.
Operating cash flow was $0.55B (up 3% year over year), 47% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.68B. Capital expenditures of $0.01B left free cash flow of $0.54B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $1.8B | +61% | 62.4% | $1.2B | $545M |
| Q1 2026 | 10-Q | May 8, 2026 | $1.3B | +24% | 45.2% | $586M | $338M |
| Q4 2025 | 10-K | Mar 2, 2026 | $1.4B | +31% | 64.8% | $615M | $706M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $1.3B | +12% | 60.5% | $692M | $745M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $1.1B | +19% | 48.9% | $584M | $529M |
| Q1 2025 | 10-Q | May 9, 2025 | $1.1B | +22% | 53.6% | $507M | $265M |
| Q4 2024 | 10-K | Mar 17, 2025 | $1.1B | — | 60.2% | $680M | −$615M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Brookfield Asset Management
We are a leading global alternative asset manager, headquartered in New York, NY, with over $1 trillion of Assets Under Management across infrastructure, renewable power and transition, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to over 2,400 institutional clients around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors which also continues to grow with approximately 60,000 clients representing over 8% of capital raised.
In its own words, from its 10-K, filed Mar 2, 2026.
Brookfield Asset Management against its Investment Advice peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +61% against the peers' median +6%. Operating margin: 62.4% against the peers' median 24.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BAM Brookfield Asset Management | Q2 2026 | $1.8B | +61% | 62.4% |
| KKR KKR | Q2 2026 | $5.7B | +12% | 24.0% |
| AMP Ameriprise Financial | Q3 2026 | $5.2B | +6% | 28.9% |
| APO Apollo Global Management | Q3 2026 | $4.7B | -52% | -30.9% |
| BX Blackstone | Q3 2026 | $3.1B | -0.8% | 46.9% |
| BEN Franklin Templeton | Q4 FY26 | $2.4B | +4% | 14.6% |
| TROW Price T Rowe Group | Q3 2026 | $2.0B | +6% | 38.4% |
| IVZ Invesco | Q3 2026 | $1.9B | +14% | 23.3% |
| ARES Ares Management | Q3 2026 | $1.3B | +9% | 13.1% |
Source: Brookfield Asset Management 10-Q on SEC EDGAR · CIK 1937926 · Investment Advice
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- Brookfield Asset Management operating margin by quarter
- Brookfield Asset Management net income by quarter
- Brookfield Asset Management free cash flow by quarter
- Brookfield Asset Management capital expenditures by quarter
- Brookfield Asset Management Infrastructure revenue by quarter
- Brookfield Asset Management Real estate revenue by quarter