Filing Flows › Brookfield Asset Management (BAM) › Q1 2026 › vs Q1 2025
Brookfield Asset Management (BAM) Q1 2026 vs Q1 2025 (year over year)
Brookfield Asset Management's revenue rose $257M (+24%) from $1.1B in Q1 2025 to $1.3B in Q1 2026. The biggest changes: Other revenues +$221M (+174%); Real estate −$63.0M (-22%); Infrastructure +$45.0M (+15%). Operating margin 45.2% against 53.6% (-8.3 pts).
Brookfield Asset Management, Q1 2026: revenue $1.3B (+24% year over year), operating margin 45.2%, net earnings $586M, operating cash flow $338M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.2% | 53.6% | -8.3 pts |
| Net margin | 43.8% | 46.9% | -3.1 pts |
| Free cash flow margin | 24.8% | 10.4% | +14.5 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Infrastructure | $355M | $310M | $45.0M | +15% |
| Real estate | $229M | $292M | −$63.0M | -22% |
| Energy | $218M | $180M | $38.0M | +21% |
| Credit | $108M | $101M | $7.0M | +7% |
| Private equity | $80.0M | $71.0M | $9.0M | +13% |
| Other revenues | $348M | $127M | $221M | +174% |
| Revenue | $1.3B | $1.1B | $257M | +24% |
| Other income, net | $91.0M | $3.0M | $88.0M | 30× |
| Operating profit | $605M | $579M | $26.0M | +4% |
| Costs & expenses | $733M | $502M | $231M | +46% |
| Pre-tax earnings | $696M | $582M | $114M | +20% |
| General & admin | $22.0M | $6.0M | $16.0M | +267% |
| Other operating costs | $711M | $496M | $215M | +43% |
| Net earnings | $586M | $507M | $79.0M | +16% |
| Income tax | $110M | $75.0M | $35.0M | +47% |
| Depreciation & amortization | $13.0M | $3.0M | $10.0M | +333% |
| Share-based compensation | $37.0M | $35.0M | $2.0M | +6% |
| Working capital & other | $298M | $431M | −$133M | -31% |
| Operating cash flow | $338M | $114M | $224M | +196% |
| Free cash flow (OCF − capex) | $332M | $112M | $220M | +196% |
| Capital expenditures | $6.0M | $2.0M | $4.0M | +200% |
Questions
How much did Brookfield Asset Management's revenue grow year over year in Q1 2026?
Brookfield Asset Management's revenue rose $257M (+24%) from $1.1B in Q1 2025 to $1.3B in Q1 2026.
What drove Brookfield Asset Management's revenue change in Q1 2026?
Other revenues +$221M (+174%); Real estate −$63.0M (-22%); Infrastructure +$45.0M (+15%).